Thursday, January 27, 2011

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



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