NIFTY FUTURE OUTLOOK
Readers of the blog would have minted the almighty dollar in today's trade as nifty reversed
exactly from first target of long and crashed to resistance level (which in turn became support).
It was a clean short as per ema trading system too. Link
For tomorrow's trading, pivot is placed at 6188.
Support level is 6150. Trade below 6135 will induce strong correction in nifty and it will
move down to 6115, 6095 and 6060.
Resistance level for tomorrow is placed at 6226.
For nifty to regain lost momentum on upside, it must cross and trade above today's high of 6248.
Doing so, bulls will come in hoards and lift nifty to 6270, 6299 and 6315 by close.
All set for a interesting day tomorrow. Let us wait and watch.
NEXT: F&O lot size change
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 nifty for tuesday. Show all posts
Showing posts with label nifty for tuesday. Show all posts
Monday, October 4, 2010
Monday, September 27, 2010
Nifty Outlook 28-September-2010
Labels:
Bank Nifty,
free levels,
free nifty levels,
nifty for tuesday
NIFTY FUTURE
Nifty future came close to achieving our swing target of 6135 today.
For tomorrow's trading, Nifty pivot is placed at 6054.
Reversal from pivot will take nifty to support level of 6010.
Break and trade below 6000 will invite trouble and nifty will correct to 5965 and 5922.
Resistance for nifty is placed at today's high of 6093.
Trading above 6107 will invite bulls back and they will ensure index moves to
6135 and 6155.
NEXT: Nifty Weekly outlook
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
Nifty future came close to achieving our swing target of 6135 today.
For tomorrow's trading, Nifty pivot is placed at 6054.
Reversal from pivot will take nifty to support level of 6010.
Break and trade below 6000 will invite trouble and nifty will correct to 5965 and 5922.
Resistance for nifty is placed at today's high of 6093.
Trading above 6107 will invite bulls back and they will ensure index moves to
6135 and 6155.
NEXT: Nifty Weekly outlook
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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