Nifty Outlook 30-September-2009

Flashback

Readers of the blog would have made good money yesterday as both nifty and relinfra fell to first target of short level.

Bull Level

In the scenario of nifty future crossing 5037 buy on retracement to 5020 with stop loss at 5000 for targets 5065, 5095, 5115.

Bear Level

Short nifty future at 5020 with stop loss at 5037 for targets 4985, 4965, 4935.

Bear Pick - ABAN

Short ABAN future around 1575 with stoploss at 1596 for targets 1540, 1525, 1505.

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-September-2009

Bear Level

Short nifty future at 5017 with stoploss at 5045 for targets 4985, 4945, 4920

Bull Level

Buy nifty future at 4920 with stoploss at 4900 for targets 4945, 4965, 4985.

Bear Pick- RELINFRA

RELINFRA appears to have run to serious short term resistance.

Short RELINFRA future around 1250 with stop loss at 1270 for targets

1208, 1190, 1170, 1155.

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.

Weekend read - Day Trading - A reflection of personality

Over the years, I have interacted with many day traders. Most of them (well successful ones atleast) seem to have a routine.

They all seem to know one thing. This is the stock/list of stocks they am going to trade next day. I know of people who take position at 10 am and hold on to it (assuming its

a winning position) till 3.30. They dont switch from one stock to another like buzzing bees.

Talk of buzzing bees, i also know some people who switch 7 to 8 stocks during the day making 1% in one and movin on to the next.

Some of them are extremely successful. There are some other people, who seem to know all about news based stock moves. They seem to have

perfect knowledge on how a stock will react to positive\negative news.

As a day trader, what should i be doing?? I think day trading is a direct reflection of one's personality. Your style of trading reflects what sort

of a person you are in real life. When your style of trading matches with your persona, you will find one of two things. Either you will be enormously successful or

you will be losing money on every single trade. The point i am trying to make here is, when you reflect upon a day's trade always ask yourself, is the trade according

to my personality. However do keep in mind that there is ALWAYS scope for improvement in both facets - your trading style and your persona.

All the very best

Jerry

Nifty Outlook 25-September 2009

Flashback

Readers would have printed out the almighty dollar in infosys short as it fell down to exactly 4th target of short trade.

Bull Level

Buy nifty future at 4952 with stoploss at 4922 for targets 4995, 5020, 5040, 5065

Bear Level

Short sell Nifty future breaking 4922 at retracement to 4950 with stop loss at 4975 for targets 4900, 4870, 4840.

SBI --Bear Pick

SBI has been the leader of the rally in the late stages taking the mantle from Reliance.

It appears from the charts as if it is going to change. See how the fibonacci confluence zones are stacked up in the above chart.

It is very clear that today's low of 2110 is very significant for SBI.

Tomorrow, if SBI future breaks 2110 short sell on retracement to 2120 with stop loss at 2140 for targets 2095, 2065, 2020, 1995

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 24 september 2009

Bull Level

In the scenario of nifty future crossing 5007, buy on retracement to 4995 with stop loss at 4980 for targets 5035, 5070, 5115.

Bear Level

Short nifty future around 4970 with stop loss at 5005 for targets 4915, 4870, 4830

Bear Pick - Infosys Technologies

Short sell infosystch future at 2381 with stop loss at 2400 for targets 2345. 2320, 2290, 2260.

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-September-2009

Bull Level

Buy nifty future around 4985 with stoploss at 4950 for targets 5061, 5100, 5115

Bear Level

In the scenario of nifty future breaking 4950 short on retracment to 4985 with stoploss at 5015 for targets 4925, 4900, 4860



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 17-September-2009

Flashback

Readers of the blog would have made decent money in nifty future short as nifty fell from short level to first target before moving up.

Quite amazingly the master fibonacci is at it again. Today's high is spot on at 50% extension of the confluence zone.

Bull Level

Buy nifty future at 4890 with stoploss at 4870 for targets 4915, 4945, 4960.

Bear Level

Short nifty future around 5030 with 5055 as stoploss for targets 5005, 4975, 4950, 4920, 4890.

Note:

As i am busy with personal work, the blog will not be updated till the 23rd september.

Happy trading folks !!!!!!!!!!!!!!

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-September-2009

Bear Level

Short nifty future at 4955 with stoploss at 4972 for targets 4920, 4890, 4860.

Bull Level

Buy nifty future around 4848 with stoploss at 4825 for targets 4885, 4900, 4920.

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.

Fibonacci @ indian stock market

Flashback

In yesterday's post i had posted a nifty chart with fibonacci projections marked.

It leaves a follower of fibonacci with renewed admiration for the mathematical genius when things like this happen.

In the below chart you will see that the high of today is exactly 38.2 projection of the confluence zone. WOW!!!!.

Nifty Outlook 15-September-2009

Flashback

Readers would have had a mixed day today with good money being made in nifty future long while infosys triggered the stop loss

Bull Level

Buy nifty future at 4810 with stop loss at 4780 for targets 4840, 4860, 4875.

Bear Level

In the scenario of nifty future breaking 4780 short ar retracement to 4805 with stoploss at 4820 for targets 4760, 4720, 4700.

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-September-09

I had writen on 06 th july a possible route map of nifty from those levels.

http://jerrytechnicals.blogspot.com/2009/07/nifty-outlook-06-july-2009.html

A reader who bought niftybees based on the analysis provided on this site has writen in to ask if the analysis is still valid and whether she can wait for the afore mentioned target.

I am answering her query here for the benefit of other readers who must have done that trade.

The view still holds. However nothing is ever sure in market. Sell 50% of your niftbees and hold the rest with stop loss of 4400 on closing basis. The fibonacci confluence support zone has moved itself to 4400.

Good trade by all traders who took the risk based on my analysis.

Bull Level

Buy nifty future at 4805 with stoploss at 4780 for targets 4835, 4855, 4875

Bear Level

Breaking 4780, short sell nifty future on retracment to 4805 with 4825 as stoploss for targets 4755, 4740, 4720.

Weapon for Bulls - INFOSYS

For monday trading buy infosys at 2259 with stoploss at 2245 for targets 2280, 2295, 2325.

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.

Sultan of Good Times - Profit Tracker 07-september-2009 till 11-september-2009

Note: The calculations are based on one lot of stock future and two lots of nifty future.

Nifty Outlook 11-September-2009

Flashback

Readers of the blog would have printed out the almighty dollar as nifty fell down from short level to second target of 4805.

Bear Level

Short nifty future at 4850 with stop loss at 4870 for targets 4815, 4760, 4720.

Bull Level

Buy nifty future at 4720 with stop loss at 4705 for targets 4750, 4775, 4800.

Creating 'Udyog' Oppurtunity for Bears - Maruti

For friday trading short sell maruti future at 1509 with stop loss at 1525 for targets 1475, 1460, 1420.

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 10-September 2009

Flashback

Readers would have ended the day with no profit nor loss in nifty, which was great on a day of heightened volatility.

Bear Level

Short nifty future around 4900 with stoploss at 4935 for targets 4847, 4805, 4780.

Bull Level

Buy nifty future at 4780 with stoploss at 4765 for targets 4805, 4850, 4895

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-September-2009

Flashback

Readers of the blog would have printed out the almighty dollar in SBIN long as it moved up 100 rupees from long level .

Even one lot of sbin would have given the reader a whopping profit of 13000 + rupees in intradaya trading.

Bear Level

In the scenario of nifty future breaking 4795 short with stoploss at 4815 for targets 4765, 4750, 4730.

Bull Level

If the short stoploss is triggered, readers may go long with the objective of recovering the loss ie 20 points.

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 08-September-2009

Flashback

Readers of the blog would have printed out the almighty dollar in nifty future long as it moved to 4805 just 15 points shy of target 3.

Bull Level

Buy nifty future around 4770 with stoploss at 4750 for targets 4805, 4840, 4865, 4890.

Bear Level

Short nifty future breaking 4750 with stoploss at 4780 for targets 4695, 4670, 4640.

SBI - Looking ominous for bears

For tuesday trading buy SBI around 1810 with stoploss at 1790 for targets 1840, 1860, 1895.

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-September-2009

Bull Level

Buy nifty future crossing 4725 with stoploss at 4695 for targets 4755, 4790, 4820

Bear Level

Short nifty future breaking 4660 with stoploss at 4695 for targets 4625, 4595, 4565

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.