Market Outlook Jan 28 2011

It was an extremely disappointing session in the markets on Jan 27, the Nifty plunged 83 points to close just about the 5,600 mark, while the Sensex closed at 18,684 down 285 points. Critical level of 5619 the 200-daily moving average (DMA) of Nifty has been breached , this opens up a new levels of nifty on lower side with target 5332 and 5100 in worst scenerio.
However with Global cues postive US market holding the 29 months high and rest of asia japan china and hongkong doing well on upside , we feel nifty should do a pullback from this level, in case it tends to close below this level for next couple of days then the chances of seeing Nifty at 5100 increases.




Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 5723.
The [R2] or the extreme high trading range is 5688.
The [R1] or the high trading range is 5644.
The [P] or pivot point is 5602.
The [S1] or the low trading range is 5557.
The [S2] or the extreme low trading range is 5523.
The [S3] or the most extreme low trading range is 5510.


Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :