Nifty Sensex Weekly analysis outlook Prediction for Week Starting 18 jan 2010 upto expiry
Nifty
Nifty was range bound in previous week
5280-5300 was Supply Zone
Whenever Nifty tried to break this Region it fell down
5180 -5200 area was acting as strong support
Nifty For week Starting 18 jan 2010
Expect nifty break Support or Resistance or Both
What Does this mean ?
Nifty Range for next week Could be 5120-5350
it may try to trigger Stop losses by going Above Resistances or breaking Supports
Get bullish if closes Above 5360
Get Bearish if Closes below 5080
Between these two levels take opposite positions
means Long below 5150
short above 5325
Sensex
Sensex was range bound in previous week
17000 was Supply Zone
Whenever Sensex tried to break this Region it fell down
17250 area was acting as strong support
Sensex For week Starting 18 jan 2010
Expect Sensex break Support or Resistance or Both
Sensex Range for next week Could be 17050-17850
it may try to trigger Stop losses by going Above Resistances or breaking Supports
i trade in nifty range and make the position between the range pl suggest range for jan expiry
Dear manish
I have already Suggested nifty range in This article
possible range is 5120 -5350
Regards
I am planning to invest some amount at this point of time Please do suggest me some good picks.
Secondly I am Trapped in Bombay dyeing Bought@ 600.80 & IRB Infra @ 282.
Please suggest what is to be done.?your valuable suggestions will be appreciated.