NIFTY FUTURE TRADING PLAN
Nifty pivot is placed at 6117 for today's trading.
Above 6117 nifty will move to 6135 and 6155, which are strong resistances for the day.
Breakout level is 6171. Above this level nifty will move to 6195 and 6210.
Support exists for nifty at 6080.
Break an trade below 6064 will take nifty to 6048, 6030 and 6015.
NEXT: Reversal from pivot
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
Showing posts with label fib time zone. Show all posts
Showing posts with label fib time zone. Show all posts
Wednesday, October 13, 2010
Sunday, October 10, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Last week, just like what was written in this column, nifty future moved to 6245 and gave up
all the gains and fell to the support of 6100. Readers who missed last week's column can access it
here.
As per Fibonacci time zones, next week could be a very interesting week. See the chart below,
It is very clear from the above chart that whenever nifty enters the time zone, volatility increases.
For the coming week, nifty future pivot is placed at 6138.
Resistance is at 6185. Trading above 6207 will restore bullishness in nifty and it will move to
6245, 6280 and 6300.
Support level for nifty future is placed at 6105. Break and trade below 6090 will invite bears to
have a good week and they will thrash nifty to 6050, 6015 and 5970.
NEXT: Should we buy IDFC INFRASTRUCTURE BONDS?
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
Last week, just like what was written in this column, nifty future moved to 6245 and gave up
all the gains and fell to the support of 6100. Readers who missed last week's column can access it
here.
As per Fibonacci time zones, next week could be a very interesting week. See the chart below,
It is very clear from the above chart that whenever nifty enters the time zone, volatility increases.
For the coming week, nifty future pivot is placed at 6138.
Resistance is at 6185. Trading above 6207 will restore bullishness in nifty and it will move to
6245, 6280 and 6300.
Support level for nifty future is placed at 6105. Break and trade below 6090 will invite bears to
have a good week and they will thrash nifty to 6050, 6015 and 5970.
NEXT: Should we buy IDFC INFRASTRUCTURE BONDS?
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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