Monday, May 16, 2011

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK


For this week, nifty future has supports at 5545 and 5505.


Reversal from supports will open up targets of 5580, 5625 and 5665 this week.


Break of 5470 could mean trouble and nifty could correct to 5450, 5430, 5380 this week.




It could be a week where a lot rides on whether nifty is able to provide a clear breakout.




NEXT




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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