Monday, July 13, 2009

NIFTY Outlook for 14th July 2009

Remember our target of 3866? NIFTY came as close as within 52 points of reaching that target today. Although it is still seemingly on schedule to achieve that target tomorrow, with the strong bounce in the US markets, the chances of a further fall tomorrow are looking rather reduced.

Projected High: 3,988.73 (14.68 points)
Projected Low: 3,904.08 (69.97 points)

Bullish above 3,995
Bearish below 3,953

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