Thursday, June 16, 2011

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 16-JUNE-2011


Readers would have made a profit of Rs. 4500 yesterday in lots of nifty future trading.


Today's trading idea:


Due to poor global cues, nifty might open gap down.


In case nifty opens below 5400, short nifty future on retracement to 5420 with stop loss of 


5435 for targets 5405, 5380, 5350.


Reversal targets: 5450, 5465, 5480




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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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