Indian Stock Market Daily Outlook

Nifty future January expiry levels




Market balance point for nifty future is placed at 5715 on expiry day.


5750 will be the resistance region.


5780 is the breakout level. Break out targets are 5803, 5830 and 5860.




Reversal from MBP / resistance will take nifty down to 5684 and 5665.




Break down level is 5649. Break down targets are 5621, 5590 and 5565.






NEXT: holiday list


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

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK


RBI (Reserve Bank of India) is set to announce quarterly financial policy on Tuesday.

Readers would be well advised to adopt a wait and watch approach for trading tomorrow.


The balance point for nifty future is placed at 5745 tomorrow.


Resistance is placed at 5770.


Break out level is 5787.


Above 5787 nifty future will move to 5800 and 5815.




5720 will act as support for nifty future.


Break down level is 5710.


Breakdown targets are 5695, 5680 and 5665.




NEXT: Weekly pick






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