Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 11-02-2011


               After the pounding received at hands of bears, nifty could provide some relief to bulls 


by gapping up near 5245. Resistances : 5270


Break out level 5285


Breakout Targets: 5305, 5320




Supports: 5220


Breakdown level: 5200


Breakdown targets: 5185, 5170, 5155




NEXT: Bears all the way




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

Indian Stock Market Daily Outlook

NIFTY FUTURE 10-02-2011


Nifty future achieved our first swing short target.


For today's trading nifty future will have support at 5225.


Breakdown level is 5205.


Breakdown targets are 5180, 5150, 5125.




Resistances are placed at 5300 and 5318.


Breakout level is 5335.


Breakout targets are 5360, 5390.




NEXT: Bears on the prowl


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