NIFTY FUTURE OUTLOOK (02-FEB-2011)
What a day for readers of JerryTechnicals !!!!
Nifty future reversed exactly from resistance mentioned and crashed.
For today's trading, nifty future balance point is placed at 5415.
However global cues indicate that market might gap up and open around resistance level of 5460.
Breakout level is 5480. Break out targets are 5510, 5540, 5570.
Supports for nifty future are placed at 5380 and 5360.
Break down level is 5340 and targets are 5310 and 5280.
NEXT: Classic reversal
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
What a day for readers of JerryTechnicals !!!!
Nifty future reversed exactly from resistance mentioned and crashed.
For today's trading, nifty future balance point is placed at 5415.
However global cues indicate that market might gap up and open around resistance level of 5460.
Breakout level is 5480. Break out targets are 5510, 5540, 5570.
Supports for nifty future are placed at 5380 and 5360.
Break down level is 5340 and targets are 5310 and 5280.
NEXT: Classic reversal
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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