NIFTY - weekly out look.

Great Bhalooji gave one level of Nifty long back, that is 5479 as a very important one. Despite of good rally in US market, nifty did not go above 5477.50. I was having overnight short position in Nifty, and still have short position. I added more short at gap up, and covered it at lower levels. Stop loss for pending short position is 5485 spot.

* Last week, 5345 was not breached. Nifty showed good bullishness.

* If the positive break out in Nifty is not a false one, Nifty can immediately hit 5499.87.

* If it is a false break out, Nifty can go down up to 5375.97.

Nifty - weekly outlook.

* One can go short below 5345, with the target of 5275.

* Stop loss for shorts can be above 5350.

No updates till 12-07-09

As I am going out of station,

no updates till Dt.12-07-09.

Take care, Happy trading.

( Please do not call me )

NIFTY - Weekly outlook.

* 5184.92 is one of the support. If nifty does not respect this support, it can plunge upto 5060.12

* Move above 5320 can lead nifty upto 5391.63.

* Nifty looks bearish at this point of time. On 1st July, Thursday, at around 9.30am warning was posted in the shoutbox along with the chart link.

* In the post of 5th June 2010, fears of interest rate hike was posted. http://dharmeshtshah.blogspot.com/2010/06/global-jitters.html