Nifty Outlook 31-July-2009

Flashback

Nifty, after a 1% gap down, moved up smartly, then traded at short level for most of the day before triggering stoploss towards close.

Bull Level

Buy nifty future at 4565 with stoploss at 4535 for targets 4600, 4620, 4660.

Bear Level

Short nifty future breaking 4535 with stoploss at 4565 for targets 4500, 4470, 4445.

Looking Good - LIC Housing Finance (LICHSGFIN)

LIC looks like it has found support as marked in chart.

For tomorrow trading buy LIC crossing 612 with stoploss at 600 for targets 624, 632, 644.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 30-July-2009

Flashback

Readers who went long in JPA at 236 would have printed out the almighty dollar as JPA moved to 242 before giving up gains.

Readers who shorted nifty future on break of 4515 would have bought the minting press as nifty crashed nearly 100 points from entry.

Another expiry day beckons, with a promise of even more volatility.

Bear Level

Short nifty future at 4535 with stoploss at 4565 for targets 4495, 4435, 4395, 4375.

Bull Level

1) Buy nifty future at 4375 with stoploss at 4350 for targets 4405, 4435, 4480.

2) In the scenario of nifty future crossing 4610 , buy on retracement to 4570 with stoploss at 4540 for targets 4630, 4650, 4690

As usual there are no stock recommendations for expiry day.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 29-July-2009

Flashback

Nifty nose-dived 50 points from 4608 which was near short level of 4620.

Bull Level

In the scenario of nifty future crossing 4625 buy at retracment to 4610 with stoploss at 4585 for targets 4650, 4665, 4680.

Bear Level

In the scenario of nifty future breakin 4515 short at retracement to 4525 with stoploss at 4547 for targets 4495, 4480, 4465.

JP Associates - Looking Good

For tomorrow trading, buy JP at retracement to 236 with stoploss at 231 for targets 246 - 254 - 257

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 28-July-2009

<Updated at 10.55 PM>

Flashback

Today's low Nifty in nifty future was our buy level. Readers would have printed out the almighty dollar as nifty moved up by nearly 75 rs from buy level.

Bull Level

Buy nifty future at 4425 with stoploss at 4400 for targets 4465, 4485, 4500

Bear Level

Short nifty future around 4620 with stoploss at 4645 for targets 4575, 4535, 4485, 4425.

Incase 4645 is triggered, readers may go long with the objective of covering the loss.

Sultan of Stocks - Special update

weekly levels - here.

Readers would like to note that Sultan has closed below critical level of 1950 albeit by 9 points. So inorder to sustain the bearish mode, RIL should not

close above today's high of 1966. In case RIL closes above 1966 , readers may take positional long at retracement to 1950 with stoploss at 1900 for targets 2055 and 2125, 2200.

Otherwise, our weekly target of 1805 remains intact in RIL.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 27-July-2009

Bull Level

Buy nifty future around 4525 with stoploss at 4490 for targets 4560, 4600, 4620.

Bear Level

In the scenario of nifty future breaking 4490 short with stoploss of 4527 for targets 4455, 4420, 4400.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Weekly Index Outlook 27-July-2009 - 31-July-2009

Nifty

Nifty's further move depends on how market reacts to lacklusture numbers by RIL on friday evening.

Nifty weekly resistances are placed at 4611-4660 and 4785 while weekly supports are placed at

4485, 4380, 4285.

Sultan of stocks - Reliance

As traders we should expect one sided movement in RIL this week.

On the bullish side closing above 2055 will take RIL to 2200 this week.

On the bearish side closing below 1950 will take RIL to 1805 this week.

King of Banks

SBI could not follow up with an impressive performance last week.

In the weak ahead, SBIN needs to firmly close above 1750 inorder to move to 1830.

Failing to do so, SBI is in danger of a fearful bear attack to 1650 and 1580 levels.

Profit Tracker 20July2009-24July2009

Nifty outlook 24-July-2009

Sultan to decide market direction. Tomorrow is RIL result day. This will decide the immediate direction of indian stock market.

Bear Level

Short nifty future at 4635 with stoploss at 4665 for targets 4581, 4520, 4490, 4440

Bull Level

Buy nifty future at 4430 with stoploss at 4400 for targets 4490, 4510, 4530

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 23-July-2009

Flashback---Nifty gets 'ECLIPSED' by Bears

Although nifty went to first target of long, readers could not have taken advantage of it as nifty did not retrace to buy level once 4530 was crossed.

However nifty did retrace to short level of 4425 and then crashed to 4387 just 7 points shy of short target.

Bear Level

Short nifty future around 4485 with stoploss at 4520 for targets 4440, 4380, 4340, 4290.

Bull Level

Buy nifty future above 4520 wih stoploss at 4485 for targets 4560, 4590, 4640.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 22-July-2009 - Trading the SOLAR ECLIPSE

Flashback

Nifty traded in a narrow range of 4506-4439. Readers who went long at 4445 would have taken home in their kitty all but 12 points of that range as nifty moved from buy level to 4499.

Bull Level

In the scenario of nifty future crossing 4530 buy at retracement to 4505 with stoploss at 4480 for targets 4560, 4590, 4630

Bear Level

In the scenario of nifty future breaking 4409 short at retracement to 4425 with stoploss at 4455 for targets 4380, 4340, 4300.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 21-July-2009

Bull Level

Buy nifty future around 4445 with stoploss at 4425 for targets 4485 - 4525- 4560-4595

Bear Level

Short nifty future around 4595 with stoploss at 4635 for targets 4530-4485-4430-4380

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 20-July-2009

Bull Level

Buy nifty future around 4330 with 4299 as stoploss for targets 4375, 4395, 4430.

Bear Level

1) In the scenario of nifty future breaking 4299 short at retracement to 4325 with 4351 as stoploss for targets 4280, 4255, 4220.

2) Short nifty future around 4435 with stoploss at 4465 for targets 4395, 4375, 4340.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Weekly Trading Levels -20th July - 24th July

Nifty

Nifty made a remarkable pull back after hitting 3905 mostly due to RIL news based move. As a result nifty has closed in high resistance zone. Reversal from these levels will make nifty hit 4210-4020 and 3780 this week.

On the other hand strength at this level will take nifty to dizzying heights of 4515-4700- 4800 this week.

Reliance - Sultan of stocks does it again

If there was ever a bear slayer, it has to be sultan of stocks. What a spectacular move by RIL, albiet via news. Like nfty, RIL has closed in high resistance zone. Reversal from here will take RIL to 1826 - 1711 - 1672 this week. On the other hand sustaining these levels will mean RIL will knock on the levels of 2029-2086 - 2119 this week.

SBIN- King of Banks

Weekly resistances for SBIN come in at 1720-1785- 1830 this week while supports are placed at

1600-1550- and 1450.

PROFIT TRACKER 13-July-2009 - 17-July-2009

Nifty Outlook 17-June-2009

Flashback

Nifty high was 4291 which happened to be nifty short level too. Readers would have enjoyed the fall till buy level of 4205, from where

readers would have enjoyed the ride to 4270.

Bear Level

Short nifty future at 4237 with 4265 as stoploss for targets 4175, 4135, 4080.

Bull Level

Buy nifty future at 4080 with stoploss at 4050 for targets 4135, 4175, 4200.

King of banks - SBI - Only for Bears

SBI has reversed from weekly resistance level.

For friday trading short SBI at 1621 with stoploss at 1638 for targets 1580, 1555, 1520

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 16-July-2009

Flashback

Readers who went long in herohonda and short in hdfcbank would printed out the almight dollar.

Nifty future triggered stoploss though, thereby spoiling an otherwise perfect day.

Bear Level

In case of gap up, short nifty future at 4291 with stoploss at 4321 for targets 4240, 4205, 4165.

Bull Level

In case of flat or gap down opening buy nifty future on retracement to 4205 with stoploss at 4175 for targets 4250, 4290, 4315.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 15-July-2009

Flashback

Readers who went long near 4035 as i had writen would have printed out the almighty dollar as nifty moved to 4135, just 5 rs shy of third target of 4140.

Bear Level

Short nifty future around 4205 with stoploss at 4235 for targets 4165, 4135, 4095.

Bull Level

Buy nifty future around 4070 with stoploss at 4043 as stoploss for targets 4135, 4165, 4205

Herohonda - Darling of Bulls

Buy HEROHONDA future at 1395 with stoploss of 1380 for targets 1435, 1450, 1475.

HDFCBANK - Sweetheart of Bears

Short HDFCBANK future at 1382 with stoploss of 1400 for targets 1325, 1295, 1250.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 14-July-2009

Flashback

Readers who went long at 3920 would have had a good day as nifty moved up to 3990.

Bull Level

Buy nifty future around 3935 with stoploss at 3905 for targets 3970, 4000, 4035.

<-----Modified at 9.15 AM ---------------------------------------------------------------------------->

On crossing 4055 buy nifty future at retracement to 4035 with stoploss at 4015 for targets 4090, 4115, 4140

<----------------------------------------------------------------------------------------------------------------->

Bear Level

In the scenario of nifty future breaking 3905 short at retracement to 3925 with stoploss at 3955 for targets 3885, 3860, 3800.

There are no stock recommendations for tomorrow.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 13-July-2009

Bull Level

In case of gap down buy nifty future around 3920 with 3885 as stoploss for targets 3960, 4025, 4060

Bear Level

In case of gap up or flat opening, short nifty future around 4060 with stoploss at 4096 for targets 4010, 3960, 3920.

Weekly analysis for next week

Profit Tracker for last week

There are no stock recommendations for tomorrow

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Index and Biggies - Weekly Outlook 13th July - 17th July 2009

Nifty

Supports for nifty are placed at 3850 and 3640 this week.

If nifty is able to test the first support successfully it can test the reistance levels at 4190 and 4250.

I had a writen last week about how 4170 has become critical confluence support. Nifty has closed significantly below that level.

Sultan of stocks - Reliance

Reliance will run into strong resistances at 1840 and 1870 this week. Strong support for RIL exists at 1685.

However failure to hold the first support will result in RIL getting thrashed to 1590 and 1460.

King of Banks - SBI

Weekly reistances for SBIN are placed at 1650 and 1670 this week. 1450 should provide good support for SBI failing which SBI can fall

to 1320 and 1150.

New Kid on the block - LT

LT is in danger of going to sub 1000 level if it is unable to trade above 1500 this week. Small supports do exist at 1280 and 1160.

Profit Tracker 06-July-2009 - 10-July-2009

Note:

No trading levels were triggered on 06 and 07 July.

The profit tracker is based on the assumption that one contract of stock future and two contracts of nifty future are traded.

Nifty Outlook 10-July-2009

Flashback

Nifty triggered short stoploss. LITL from short level crashed to 350. ABIRLANUVO from long level moved up in a straight line to 812. All in all readers of the blog would have had a good day at the dalal street.

Infosys Result

Consensus in media seems to be Infosys coming out with 10% to 13% hit in net profit.

As a result we could have a strong range expansion in nifty tomorrow.

Bull Level

Buy nifty crossing 4130 with stoploss at 4090 for targets 4215, 4265, 4320

Bear Level

Short nifty future around 4095 with stoploss at 4130 for targets 4005, 3950, 3900.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 09-July-2009

Flashback

Nifty opened 1.5% down and triggered long SL.

Bear Level

In the scenario of NF breaking 4050 short with stoploss of 4075 for targets 4016, 3982, 3942.

Bull Level

1) Buy nifty future around 3940 with stoploss at 3915 for targets 3982, 4016, 4035.

2) In the scenario of nifty future crossing 4128, buy with stoploss at 4099 for targets 4170, 4195, 4220.

LITL - Only for BEARS

For thursfay trading, short LITL around 365 with stoploss at 376 for targets 344, 335, 320

ABIRLANUVO - Only for Bulls

For thursday trading, buy ABIRLANUVO around 760 with stoploss at 730 for targets 805, 825, 845

Nifty Outlook 08-July-2009

Flashback

Neither nifty nor DLF triggered buy/sell levels given yesterday

Bear Level

Short nifty future around 4240 with stoploss at 4265 for targets 4185, 4155 , 4120

Bull Level

Buy nifty future around 4120 with stoploss at 4098 for targets 4175, 4210, 4240.

There are no stock recommendations for tomorrow

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 07-July-2009

Bull Level

Buy nifty future around 4055 with stoploss at 4020 for targets 4160, 4205, 4260

Bear Level

Short nifty future around 4260 with stoploss at 4295 for targets 4205, 4160, 4055

Special Note: Due to expected volatility, if one of the trades taken (either long or short), goes well, resist from doing the other trade.

DLF - Feed the bears

DLF has broken key support levels today.

For tomorrow trading, short DLF at 325 with stoploss at 337 for targets 288, 265, 235.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Nifty Outlook 06-July-2009

What would the budget bring ? - Opinion of charts

How would nifty behave after budget ? My guess is as good as anyone else's.

Hence I desist from giving bull and bear levels for tomorrow.

However for the benefit of readers, I present a fibonacci analysis of weekly chart of nifty.

From this chart what is clear is

1) The fibonacci confluence zone for support is at 4170

2) The fibonacci confluence zone for resistance is at 5270

3) Nifty has clearly validated the support zone at 4170 multiple times

Conclusion:

If during this week, once the volatility subsides, if nifty is able to close above 4170 consistently, as traders, we should look

to trade with positive bias for nifty target of 5270.

Key levels for tomorrow

Upside : 4450, 4500, 4560, 4620, 4670

Downside: 4350, 4270, 4205, 4160, 4125

Weekly Outlook

Profit Tracker for last week

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Weekly Outlook 06-july-2009 till 10- july-2009

Last week's outlook

Nifty

The resistances for nifty are placed at 4500 and 4550 for this week. 4240 has become key support level for nifty below which a fall to 4090 shall be inevitable.

Once we have the budget, there's quite good chance that there will be a new trading range setup for nifty.

Sultan of Stocks - Reliance

Last week RIL turned exactly from resitance level and came down to almost support level.

For this week RIL resitances are placed at 2090 and 2125 while supports are placed at 1990 and 1950.

King of banks - SBIN

As per my weekly analysis last week, SBIN bounced exactly from first support level and hit the second resistance level on friday.

For this week, SBI resistances are placed at 1840 and 1890 respectively while supports are placed at 1760 and 1705

New Kid on the Block - LT

As i had writen last week, LT was hammered to 1540 from where the trend reversed and moved to the second resistance level.

This week LT resistances are placed at 1635 and 1690. Inablity to trade above first level means L&T can reverse sharply to 1540 and 1500.

Profit Tracker 29June2009 - 03July2009

Nifty Outlook 03-June-2009

Flashback

Readers who went long as per bull level would have booked a loss as volatility destroyed a good long trade.

Bull Level

Buy nifty future around 4262 with stoploss at 4240 for targets 4315, 4330, 4370

Bear Level

Short nifty future around 4375 with stoploss at 4400 for targets 4330, 4315, 4275

Because of the expected volatility, no stock is recommended for tomorrow.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.