NIFTY FUTURE WEEKLY OUTLOOK (2nd MAY - 6th MAY 2011)
Nifty future reversed from swing target of 5920 last week to achieved the 2nd target
of short. Great week for traders @ jerrytechnicals.
For the week ahead, nifty future resistances are placed at 5805, 5840.
Break above 5865 will restore bullishness and nifty future will climb to 5910, 5960 and 6000.
Reversal from resistance level will take nifty down to 5700 and 5660.
Break of 5645 will bring back bears from hibernation and index will get hammered to
5600, 5555 and 5535.
It promises to be a great week ahead for traders.
Join us here for coverage of day by day action.
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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