Nifty future outlook 04-Feb-2011
A reader wrote on facebook "Sooooper Jerry, both support and tgt 3 is achieved. congrats. keep going"
Perfectly sums up the day for readers of JerryTechnicals.
Nifty future made a smart reversal despite ridiculously high inflation numbers.
Market balance point is placed at 5535.
Support for nifty future is placed at 5510 and 5490.
Breakdown level is 5475.
Breakdown targets are 5450, 5425.
Resistances are placed at 5570 and 5585.
Breakout level is 5605.
Breakout targets are 5630, 5655, 5680
NEXT: Welcome back bulls
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
A reader wrote on facebook "Sooooper Jerry, both support and tgt 3 is achieved. congrats. keep going"
Perfectly sums up the day for readers of JerryTechnicals.
Nifty future made a smart reversal despite ridiculously high inflation numbers.
Market balance point is placed at 5535.
Support for nifty future is placed at 5510 and 5490.
Breakdown level is 5475.
Breakdown targets are 5450, 5425.
Resistances are placed at 5570 and 5585.
Breakout level is 5605.
Breakout targets are 5630, 5655, 5680
NEXT: Welcome back bulls
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
