Nifty Trading 06-January-2011

NIFTY FUTURE OUTLOOK


   Readers who traded as per levels given here would have minted the almighty dollar in nifty future.


For today's trading :




Nifty future balance point: 6105


Resistance: 6120, 6145


Breakout: 6167


Break out targets: 6197, 6215, 6235.


Support: 6070, 6055


Break down: 6050


Break down targets: 6030, 6015, 5995




NEXT: A beautiful trading day

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 Outlook 05-Jan-2011

Nifty Future trading plan


 Market Balance point is placed at 6182.15 today.


Nifty will be resisted at 6195 and 6227.


Break above 6240 can lead to 6265 and 6290.


Nifty will have strong support at 6160 and 6140.


Break below 6128 will lead to 6108, 6090 and 6060.




NEXT: A volatile day




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