After tanking on friday, how will the bulls react on dalal street next week.
Let us examine nifty with the help of charts.
Market balance point for nifty future is placed at 5898 for the coming week.
Nifty will have very strong support at 5815 and 5775.
Break down level is 5735.
Break down targets are 5660, 5580, 5500.
On the other hand resistances for nifty are placed at 5975 and 6020.
6060 is the break out level.
Break out targets are 6145, 6200, 6250.
All in all it promises to be a week of wild movements next week.
Ideally suited for traders.
We will follow the daily action nifty in this column. Join us back.
NEXT: Performance Tracker
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
No comments:
Post a Comment