NIFTY FUTURE OUTLOOK 06-JUNE-2011
The week ahead is going to be a nightmarish week for trading because of
3 events :
1) Decision on petrol and lpg price hike
2) Inflation data
3) IIP data.
Readers must exercise extreme caution in trading and must be willing to take out small profits
and exit this week.
Nifty future could open gap down today due to negative global cues.
In case of gap down, today's trading idea would be:
Buy nifty future around 5465 with stop loss of 5445 for targets 5485, 5505, 5520.
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
The week ahead is going to be a nightmarish week for trading because of
3 events :
1) Decision on petrol and lpg price hike
2) Inflation data
3) IIP data.
Readers must exercise extreme caution in trading and must be willing to take out small profits
and exit this week.
Nifty future could open gap down today due to negative global cues.
In case of gap down, today's trading idea would be:
Buy nifty future around 5465 with stop loss of 5445 for targets 5485, 5505, 5520.
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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