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Nifty – Technical view / outlook for next week

This article was posted on May 9, 2009 and is filed under Market Outlook

Week ahead is likely to be volatile as we near elections. Nifty has strong support at 3530. One can keep this level as a Trailing stoploss/Stoploss for one’s stocks held. Below this level we could see 3400. If Nifty manages to cross 3730, we will see an upmove upto 3850.

Nifty achieved our target of 3700 as posted earlier: http://nseguide.com/other/markets-to-consolidate-and-move-higher-to-3700/

CB

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