NIFTY FUTURE OUTLOOK (12/01/2011)
What a day for traders yesterday. Just like it was predicted earlier in this column, market gyrated violently .
For today's trading, 5795 is the Market Balance Point.
Support are placed at 5750 .
Reversal from Market Balance Point or Support will take nifty to 5835.
Crossing yesterday's high of 5842, nifty will generate momentum and move to 5875, 5910 and 5930.
Trade below 5728 is huge sign of trouble and nifty will crash to 5695, 5650, 5625.
NEXT: A beautiful trading day
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
Showing posts with label GE SHIP. Show all posts
Showing posts with label GE SHIP. Show all posts
Wednesday, January 12, 2011
Tuesday, January 11, 2011
Nifty Trading Plan 11-JAN-11
Labels:
: free blog,
Bank Nifty,
dlf levels,
fibonacci,
GE SHIP,
live calls,
Live nifty future,
Nse
NIFTY FUTURE OUTLOOK
Jackpot to our readers who shorted nifty based on our weekly article.
Nifty is already close to targets given.
For today's trading, Market balance point is 5783.
Support is placed at 5746 and 5703.
Trade below 5695 is trouble for nifty and index could correct to 5675, 5655 and 5605.
Resistances are placed at 5815 and 5835.
Trade above 5840 will take nifty to 5880, 5924 and 5965.
NEXT: When the ship ran into icebergs
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
Jackpot to our readers who shorted nifty based on our weekly article.
Nifty is already close to targets given.
For today's trading, Market balance point is 5783.
Support is placed at 5746 and 5703.
Trade below 5695 is trouble for nifty and index could correct to 5675, 5655 and 5605.
Resistances are placed at 5815 and 5835.
Trade above 5840 will take nifty to 5880, 5924 and 5965.
NEXT: When the ship ran into icebergs
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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