NIFTY - TODAY'S OUTLOOK.

NIFTY - SUPPORT - 4856, RES- 5024. EXIT LONGS IF TRADES BELOW 4856 FOR MORE THAN 30MIN. EXIT SHORTS IF TRADES ABOVE 5024 FOR 30MIN. PIVOT - 4940.

Indian Rupee to gain more strength against US $

Indian Rupee can strengthen against US $. ( Or US $ loosing strength world wide). If this happens, it can help bulls in Indian Stock Market. Indian Stock Markets to remain volatile?

Nifty - monthly chart with Andrew Pitchfork.

One of the possibility : Markets may go for W shaped recovery. Time will tell. I will be pleased if any learned person will share the views.

Trading Call.

On demand from some friends, I will post some trading calls as and when I find them appropriate. Do not compromise with the stop loss.

NAGARCONST

Buy in the range of 151.10 to 155.30.

Stop Loss – below 149.00.

Intra day target – 162.00.

Nifty EOD chart with fib and parallel lines.