Wednesday, January 19, 2011

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK


The market balance point for today's trade is at 5727.


5709 and 5682 are the key support regions.


Break down level is 5667 below which nifty future will fall to 5649, 5625, 5615.


Nifty will get  resisted at 5762. 


Trading above 5777 indicates break out and nifty future will move to 


5792, 5805, 5825.




JSWSTEEL - Making waves 


JSWSTEEL  will have strong support at 1000 level today.


Break down level is 989.


Targets for long in JSWfuture at support : 1015, 1030, 1055




Trading below 989 stock correct to 978, 967.






NEXT: A look at CORPBANK








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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