Nifty Outlook 05-August-2009

Flashback

http://jerrytechnicals.blogspot.com/2009/08/nifty-outlook-04-aug-2009.html

Nifty rocketed 48 rupees from buy level in an otherwise dull day for trading.

Bull Level

Buy nifty future at 4660 with stoploss at 4635 for targets 4695, 4725, 4760.

Bear Level

In the scenario of nifty future breaking 4635 short at retracement to 4650 with stoploss at 4675 for targets 4615, 4590, 4575.

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.

Nifty Outlook 04-Aug-2009

Flashback

http://jerrytechnicals.blogspot.com/2009/08/nifty-outlook-03-august-2009.html

Nifty future low - 4612

Nifty future high - 4730

Need i say more? Let me just say we started august calendar with a bang.

Even 100 shares of nifty would have given reader a profit 11000 + rupees.

Bull Level

Buy nifty future around 4650 with 4623 as stoploss for targets 4710, 4730, 4755.

Ignore this trade if nifty gaps up or moves to short level first.

Bear Level

Short nifty future at 4757 with stoploss at 4791 for targets 4710, 4650, 4625, 4595.

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.