Tuesday, May 31, 2011

Indian Stock Market Daily Outlook

NIFTY FUTURE 31/05/2011




Readers who bought nifty future would have made 2500 rupees in two lots of trading yesterday


as nifty reversed exactly from 5445.




Trading idea for today:


1) Short nifty future around 5485 with stop loss of 5500 for targets 5470, 5455, 5445
     Reversal targets 5515, 5525, 5550


2) Buy nifty future around 5445 with 5430 as stop loss for targets 5460, 5475, 5485.
     Reversal targets: 5415, 5400, 5380.






Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss



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