A bleak day for trading in which nifty moved in a narrow range.
Our readers would have been safe as nifty stayed within levels given in yesterday's column.
For tomorrow's trading, Market Balance Point is placed at 6305.
Support is placed at 6290. Break and trade below 6283 will take nifty down to 6265.
Break below 6260 will make all hell break loose and nifty will correct to 6225 and 6205.
Resistance is at 6320. Nifty needs to cross and trade above 6335 for a breakout.
In such a case nifty will move to 6355 and 6380.
NEXT: A narrow move
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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