Stock Market Today – Nifty , bank nifty and stock outlook

Nifty Future

There could be again zig zag movement in market today.

In case a of huge gap up, short nifty future around 5090 with stop loss at 5125

for targets 5035, 4980, 4950.

5030 is strong support for today. Breaking and trading below that level with volumes,

Bears will pound nifty.

In case market takes support at 5030, nifty can even move upto 5175 level today.

If support comes along at 5030, one may go long there with a stop loss of yesterday’s low of 5006 .

LIC Housing Finance

LIC Housing presents an interesting chart study with a possible range expansion.

If today after a gap up LIC future is not able to hold 901 with volumes, short with opening highs as stop loss

for a target of 846.

ABAN

If ABAN future trades above 1352 with volumes go long with opening lows as stop loss for a target of

1465 and 1505.

Bank Nifty Trading Levels

Oversold Level – 8800

S1- 9150

S2- 8940

PIVOT – 9295

R1- 9350

R2 – 9390

Overbought Level – 9440

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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