NIFTY FUTURE WEEKLY OUTLOOK
Balance point for nifty is placed at 5470 next week.
Supports will come in at 5430 and 5400 levels.
Break below 5380 will induce correction and nifty will move to 5350, 5325, 5300 and 5285 next week.
Resistances for nifty are placed at 5510 and 5535.
Break above 5560 is needed for nifty to be bullish.
In such a scenario nifty will move to 5600 and 5640.
NEXT: Friday
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
Balance point for nifty is placed at 5470 next week.
Supports will come in at 5430 and 5400 levels.
Break below 5380 will induce correction and nifty will move to 5350, 5325, 5300 and 5285 next week.
Resistances for nifty are placed at 5510 and 5535.
Break above 5560 is needed for nifty to be bullish.
In such a scenario nifty will move to 5600 and 5640.
NEXT: Friday
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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