Sunday, January 30, 2011

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY TRADING PLAN


5575 is the balance point for nifty future for this week.


5650 and 5695 will provide strong resistances for nifty future.


For nifty future outlook to be positive it must cross 5735.


Break out targets for the week are 5810 and 5885.


On the down side, supports are placed at 5500 and 5450.


Break and trade below 5417 will invite trouble and market might tank to 5340 and 5265.




NEXT: Taking Stock




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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