NIFTY FUTURE OUTLOOK
Nifty future exactly reversed from the area of resistance to fall to balance point as
written in this column yesterday.
For today's trading the market balance point is placed at 6008.
Resistance is at 6050.
Trading above 6065, nifty future will move to 6085, 6100 , 6125.
Support exists at 5965.
Break and trade below 5950 will take down to 5935, 5915, 5895.
NEXT: NIFTY 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
Showing posts with label s: decembermber. Show all posts
Showing posts with label s: decembermber. Show all posts
Tuesday, December 7, 2010
Monday, December 6, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
The market balance point for nifty future is placed at 5980 this week.
5940 is support area for nifty future.
The second weekly support is at 5910 area.
Break below 5880 can induce correction and nifty will move to 5815 and 5775.
On the other hand nifty will face resistance at 6021.
Other overhead resistances are placed at 6075 and 6115.
Break out level for the week is 6145.
Targets for the breakout are 6220 and 6270.
NEXT: MONEY TREE
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
The market balance point for nifty future is placed at 5980 this week.
5940 is support area for nifty future.
The second weekly support is at 5910 area.
Break below 5880 can induce correction and nifty will move to 5815 and 5775.
On the other hand nifty will face resistance at 6021.
Other overhead resistances are placed at 6075 and 6115.
Break out level for the week is 6145.
Targets for the breakout are 6220 and 6270.
NEXT: MONEY TREE
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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