Nifty Outlook for the Week
by Web Rocks
Stock Market Trading Tips
Nifty Out Look for the Next Week:
Nifty Made the Good Upside Breakout and Also Sustaining at Higher Levels. Nifty Getting the Good Buying Support at the Lower Levels and Looking to Hold
The 5100 Level. From the Last Three Sessions it witnessed the Range Bound Movement and Concluded the Trading on Flat Note on Friday.
Trend of the Market for This Week :
Now Talking About the Trend of the Market We Could See on Charts That Nifty Made Strong Come Back From the Lower Levels and Also Holding the up Trend. So we are Expecting That Market Could Continue This up Trend for This Week as Well.
The Crucial Points For The Intra Day In This Week Are:
On Upside 5175 To 5180 are Very Key Resistance Points for Intra Day and after it Market Could Stay at 5230 Level. On The Downside the Nifty Could Get the Support at the Level of 5080 To 5090 & after it could Get The Support at the Level of 5045 to
5050 For Intra Day.
Key Supports & Resistance for the Nifty Future for This Week:
Resistance: 5230 & 5305
Support: 5045 & 4990 To 5000 Range
Stocks to Watch
ABB
Stock Future Made the Good Upside Breakout and Making the Solid Recovery from the Bottoms and in the Stock we are Expecting That This Uptrend could be Continue in This Week As Well and Might Touch the Level of 880 and if it Sustain this we Could see the Level of 895 to 900 in the Stock Future. The Support Base for the Stock is 830 to 835.
Tata Motor:
Stock Future is not Sustaining the Highs And Looking to be More Corrected From the Present Levels. This Stock Future we Recommend for the Target Of 749 to 750 And if it Continues the Trend and Overall Market is also Flat or Bearish then this Stock Might Give you The Target of 720. The Resistance for This Stock Future is at the Level of 778 to 780.
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