Flashback
On a day of heightened by volatility where most traders would have got caught, readers of the blog would have made superb money in short as nifty fell down to second target.
Olaaaa Vaccation time.........See you in two weeks ( Will be back on 7th September). Have a good time folks !!!!!!!!!!!!!!!!!!!!
Flashback
Readers would have booked a small loss today as nifty triggered stoploss on an insipid day for trading.
Bull Level
Nifty future crossing 4680 buy on retracment to 4660 with stoploss at 4633 for targets 4715, 4735, 4750
Bear Level
Nifty future breaking 4635 short on retracment to 4660 with stoploss at 4680 for targets 4600, 4580, 4560.
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.
Bear Level
Short nifty future around 4638 with stoploss at 4660 for targets 4550, 4520, 4480, 4400.
There is no bull level for today.
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.
Last Week's weekly levels were again spot on
Weekly Resistance Levels
R5 4770
R4 4700
R3 4640
R2 4595
R1 4550
Weekly Support Levels
S1 4440
S2 4340
S3 4230
S4 4180
S5 4130
Weekly Resistance Levels
R5 7800
R4 7700
R3 7640
R2 7530
R1 7430
Weekly Support Levels
S1 7202
S2 6985
S3 6760
S4 6650
S5 6550
Flashback
Nifty triggered stop loss and crashed down
Bull Level
Nifty future crossing 4505 buy with 4480 as stoploss for targets 4545, 4565, 4590.
Bear Level
Short nifty future around 4485 with stoploss at 4505 for targets 4435, 4400, 4375
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.
Flashback
Nifty triggered short level and crashed to almost last target given.
As usual readers would have printed out the almighty dollar.
Bull Level
In case of flat opening buy nifty around 4355 with stoploss at 4325 for targets 4390, 4410, 4455.
Bear Level
1) Short nifty at 4460 with 4495 as stoploss for targets 4410, 4390, 4330.
2 ) In the scenario of nifty future breaking 4325, short on retracement to 4355 with stoploss at 4390 for targets 4295, 4250, 4230.
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.
Bull Level
In the scenario of nifty future crossing 4490 buy on retracement to 4450 with stoploss at 4420 for targets 4510, 4550, 4590.
Bear Level
In the scenario of nifty future breaking 4420 short at retracment to 4460 with stoploss at 4490 for targets 4400, 4355, 4325
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.
Bear Level
In the scenario of nifty future breaking 4320 short on retracement to 4365 with stoploss at 4400 for targets 4300, 4280, 4255
Bull Level
Buy nifty future at 4250 with stoploss at 4215 for targets 4280, 4300, 4325.
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.
Bear Level
In the scenario of nifty future breaking 4545 short on retracement to 4560 with 4580 as stop loss for targets 4520, 4505, 4485
Bull Level
In the scenario if nifty future crossing 4580 after triggering bear level, buy at retracement to 4560 with stop loss at 4545 for targets 4595, 4610, 4635.
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 low was spot on at S3.
Bank nifty performance was even more stupendous . It took support at S5 and moved a whopping 500 points.
RIL moved sidways last week, but again within levels given.
Weekly Resistance Levels
R5 4770
R4 4700
R3 4685
R2 4650
R1 4565
Weekly Support Levels
S1 4500
S2 4440
S3 4370
S4 4300
S5 4200
Weekly Resistance Levels
R5 7800
R4 7700
R3 7630
R2 7560
R1 7420
Weekly Support Levels
S1 7263
S2 7140
S3 6900
S4 6700
S5 6600
Flashback
Fibonacci time zone confluence is making its mark.
Although both RIL and nifty achieved bullish targets, both did not give buy oppurtunity.
Bear Level
Short nifty future around 4635 with stoploss at 4650 for targets 4575, 4540, 4520, 4495.
Bull Level
In the scenario of nifty future crossing 4650 buy on retracement to 4625 with stoploss at 4595 for targets 4685, 4705, 4730.
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.
Flashback
The fibonacci time confluence did take place, but unfortunately, long stop loss was triggered in the process.
Bull Level
Buy nifty future around 4445 with stop loss at 4410 for targets 4505, 4535, 4565, 4600.
Bear Level
In the scenario of nifty future breaking 4410 , short at retracment to 4440 with stop loss at 4465 for targets 4390, 4350, 4320, 4290.
Sultan of Stocks - Bears in trouble
See the low of RIL today and weekly level here.
For tomorrow trading buy RIL around 1965 with stop loss at 1941 for targets 1995, 2025, 2045.
In the scenario of RIL breaking 1941 short on retracement to 1958 with stop loss at 1978 for targets 1925, 1905, 1890.
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.
Flashback
Readers would have booked a loss today in nifty short as nifty triggered the stoploss before nose diving.
Tomorrow is a key fibonacci time zone confluence date for uptrend.
Bull Level
Buy nifty future at 4416 with stoploss at 4380 for targets 4460, 4500, 4535, 4560, 4590.
As i am die hard follower of fibonacci time zones, there is NO bear level 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.
Flashback
Readers would have printed the almighty dollar in nifty short today as nifty from short level fell all the way down to 4 th target.
Note the nice way in which weekly levels are working. Weekly levels can be accessed here
Bear Level
Short nifty future around 4475 with stoploss at 4510 for targets 4400, 4355, 4325, 4305.
Bull Level
Buy nifty future around 4300 with stoploss at 4265 for targets 4340, 4380, 4425.
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.
Bear Level
Short nifty future at 4547 with 4564 as stoploss for targets 4503, 4450, 4415, 4390.
Bull Level
Buy nifty future around 4390 with stoploss at 4345 for targets 4450, 4485, 4503, 4545.
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 post format is undergoing change. Do leave your opinion on the new format.
Weekly Resistance Levels
R5 4771
R4 4739
R3 4670
R2 4600
R1 4542
Weekly Support Levels
S1 4428
S2 4400
S3 4341
S4 4299
S5 4271
Weekly Resistance Levels
R5 7763
R4 7632
R3 7569
R2 7499
R1 7404
Weekly Support Levels
S1 7263
S2 7197
S3 7123
S4 7104
S5 6942
Weekly Resistance Levels
R5 2199
R4 2161
R3 2123
R2 2085
R1 2057
Weekly Support Levels
S1 1975
S2 1949
S3 1910
S4 1860
S5 1800
Bear Level
Short nifty future around 4645 with 4670 as stoploss for targets 4590, 4555, 4510, 4490.
Bull Level
In the scenario of nifty future crossing 4690 buy at retracement to 4670 with 4640 as stoploss for targets 4710, 4740, 4775.
Bear Pick - Renuka Sugars
Renuka appears to have made a short term top on charts. For tomorrow trading short renuka at retracement to
184 with stoploss at 191 for targets 173, 168, 165
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.
Flashback
Nifty triggered both long as well as short stoploss levels mentioned today,
As a result, there are no trading level recommendations for tomorrow.
Flashback
http://jerrytechnicals.blogspot.com/2009/08/nifty-outlook-04-aug-2009.html
Nifty rocketed 48 rupees from buy level in an otherwise dull day for trading.
Bull Level
Buy nifty future at 4660 with stoploss at 4635 for targets 4695, 4725, 4760.
Bear Level
In the scenario of nifty future breaking 4635 short at retracement to 4650 with stoploss at 4675 for targets 4615, 4590, 4575.
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.
Flashback
http://jerrytechnicals.blogspot.com/2009/08/nifty-outlook-03-august-2009.html
Nifty future low - 4612
Nifty future high - 4730
Need i say more? Let me just say we started august calendar with a bang.
Even 100 shares of nifty would have given reader a profit 11000 + rupees.
Bull Level
Buy nifty future around 4650 with 4623 as stoploss for targets 4710, 4730, 4755.
Ignore this trade if nifty gaps up or moves to short level first.
Bear Level
Short nifty future at 4757 with stoploss at 4791 for targets 4710, 4650, 4625, 4595.
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.
Bull Level
Buy nifty future at 4610 with stoploss at 4590 for targets 4655, 4700, 4730.
Bear Level
Breaking 4590 short nifty future at retracement to 4610 with stoploss at 4635 for targets 4585, 4560, 4530.
Links
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.
Link to last week's weekly index outlook
Nifty
On the bullish side nifty will attempt to scale 4660 and 4760 this .week.
On the bearish side, inability to trade above the first resistance can take nifty down to 4555, 4495, 4430 this week. Closing below 4430 will open way for further downside to 4390, 4290 and 4220.
Sultan of Stocks - Reliance
RIL will have huge resistance at 1995 this week. Inability to close of 1995 will drag RIL down to 1911 and 1885. Closing below 1885, downside targets will be wide open for RIL to the tune of 1860, 1820, 1770, 1745.
King of Banks - SBIN
On the bullish side SBI can move to 1860 and 1940 this week.
On the bearish side, first signifant support will come in at 1780. Close below 1730 will make SBI weak and open up targets of 1650 and 1620.
Readers,
In the month of July, we have booked a profit of
