Indian Stock Market Outlook - Levels for nifty and banknifty future 12-March-2010

NIFTY

Nifty will have strong support today at 5128.

Trading above 5128 will take nifty to 5166.

5176 is break out point for the day. If 5176 is crossed with volumes, nifty future

will move to 5189, 5202 and 5215.

On the other hand trading below 5113 will make nifty weak and will move to 5099,

5082 and 5065.



BANK NIFTY


Yesterday;s close of 9184 will be strong support region for Bank Nifty today.

Trading above 9184 with volumes BNF will move to 9240.

Crossing and trading above 9260 will make BNF extremely positive and open up targets

of 9295, 9330, 9365.



Only if BNF breaks yesterday's low of 9110 it wil turn weak .

If that happens, BNF will  fall to 9075 and 9000 after retracing to 9149.




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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Indian Stock Market (Nifty and Bank Nifty) Outlook 10-March-2010

RECAP

Readers who short sold nifty and bank nifty would have reaped money.



NIFTY




Resistance for nifty future is placed at 5110 for  tomorrow's trading.

Reversal from this level will make nifty correct to 5085, 5071 and 5055 tomorrow.

Trading below 5055 will straight away take nifty to 5035 which is strong support level.



BANK NIFTY



BNF closed on a positive note today. Inorder to maintain momentum BNF must cross and trade above

9145. If BNF trades above 9145, it will open up targets of 9190 and 9215.

On the other hand breaking and trading below 9040 would be disastrous for BNF as bears will smash

BNF to 9015, 8995 and 8975 tomorrow.



Useful Links


Nifty weekly outlook


Gold Weekly outlook (MCX India)




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.

Blogged with the Flock Browser

Nifty and Bank Nifty outlook 09-Mar-2009

NIFTY








Tomorrow nifty future will struggle to cross today's high of 5145.

If nifty is unable to cross 5145 and trade with volumes, it will move to 5100.

Breaking and trading below 5092 will take nifty to 5081 and 5070.



BANK NIFTY

BNF will have resistance near today's high of 9168.

Trading above 9185 with volumes will open up targets of 9225 and 9245.

Otherwise BNF will drift down to achieve lower targets of 9095, 9045.



Readers will find the following links very useful


Nifty Weekly Outlook

MCX Gold Weekly Outlook

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.

Blogged with the Flock Browser