Readers who traded as per last week's outlook would have made close to 30,000 rupees
in just two lots trade of nifty. Those who missed the article can access it here.
The market crashed in a wave of scams and poor results.
Let us see what is in store for traders this week.
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| Nifty Spot |
The market balance point for nifty future is placed at 5825.
Nifty will get resisted at 5895 and 5940.
For nifty to reverse the current trend, nifty future needs to trade above 5980.
Doing so nifty will zoom past last week's high an move to 6050 and 6125.
On the downside, nifty future will get support at 5750 and 5710.
Break and trade below 5670 will mean trouble and nifty could correct to 5595 and 5525.
The week ahead promises to be one packed with action. Join us on weekdays where
we will track every little move of nifty.
Trade Rich !!!!
NEXT: Yet another short trade in the name of scam
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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