Indian Stock Market Outlook 31-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP
Readers who went short in nifty future and L&T as we had written would have had a nice trading day at the market.
Tomorrow is expiry as well as last trading day of the year.
Link to yesterday's post : http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-30-december.html
Nifty

Nifty will face huge resistance at 5190 tomorrow. Breaking and trading above that level with volumes, nifty can move to 5220 and 5270.
On the other hand, breaking and trading below today's low of 5155, nifty will move to 5135, 5115, 5095.
ICICIBANK - Short Pick

ICICIBANK looks weak on charts after reversing from a strong resistance zone.
ICICIBANK future may be short sold around 880 with stop loss at 890 for targets 866, 860, 850.
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.

adword : A two idiot explodes a sphere

Indian Stock Market Outlook 30-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

We had written to short nifty at 5225. It was exactly the high point of nifty yesterday.

Yesterday's link: http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-29-december.html

Readers would have made 50 points per lot yesterday.

Nifty

Nifty is getting stiff resistance at the upper end of bollinger bands.

Inorder for nifty to over come this resistance nifty should cross 5225 with volumes and trade above that level.

In such a case nifty will move to 5270, 5305 and 5340.

Otherwise nifty future may be shorted around 5210 with stop loss above 5225 for targets 5160, 5147, 5118.

L&T - Bearish float

Short L&T around 1695 with stop loss at 1705 for targets 1670, 1660, 1640.

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.

Indian Stock Market Outlook 29-December-2009 (Nifty, Bank Nifty and Stocks)

Nifty Future

Nifty future may be shorted at 5225 with stop loss at 5250 for targets 5185, 5170, 5150.

Nifty future may be bought at 5145 with stop loss at 5125 for targets 5185, 5225, 5260.

Trading the bank nifty

Other links

Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_26.html

Gold View update: http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_27.html

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.

Gold Views MCX India

Last week we had written that gold will fall in a straight line to support of 16500.

Link to last week's outlook : http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_20.html

Gold low last week was 16447 !!!!

Gold

Chart take

Short term indicators have moved into oversold zone. However on the weekly time frame, all the indicators have

moved into sell mode.

Chart support exists at 16000.

Chart resistances are placed at 17000 and 17200.

Fibonacci

Last week's low of 16447 should act as strong support for gold. Breaking and trading below 16447, gold will move to 16050 and 15920.

On the upside fibonacci confluence resistance zones exist at 17070 and 17200. Breaking and trading above the second resistance level,

gold can move to 17500 expansion level.

Indian Stock Market Weekly Outlook :

http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_26.html

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 Weekly Outlook

Last week we had written that nifty future support is at 4935.

The low of the week happened to be 4937 !!!!!

The third long target of the week was 5205. High of the week was 5210.

Link to last week's article - http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

Nifty

Chart Take

As per chart last week's low of 4937 is critical to the further fortunes of nifty.

As long as 4937 holds in the coming weeks, nifty will tread higher.

.

Fibonacci

As per fibonacci extentions, nifty will face huge resistance at 5260 next week. Trading above this

resistance level with volumes, nifty will move to 5300, 5365 and 5420.

If nifty future is unable to trade above 5260 with volumes, it will correct to support level of 5050.

As per fibonacci studies, 4940 is critical support level that nifty should not break, which is the inference that we get from weekly chart also.

Breaking and trading below 4940, nifty will move to 4820.

Note: Next week is a truncated week with 2 trading holidays.

Access the list of holidays here : http://jerrytechnicals.blogspot.com/2009/12/list-oif-trading-holidays-2010.html

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.

List of trading holidays 2010

Source : www.bseindia.com

Indian Stock Market Outlook 24-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

As we had written yesterday nifty took support exactly at 4993 and moved up violently from there.
Even two lots of nifty would have fetched the reader in excess of 15000 rupees.

Nifty


Tommorow nifty future should find support at around 5115 levels. If 5115 is held nifty future will move up to 5200 - 5225.

5225 should offer resistance for nifty. If it trades above 5225 with volumes, nifty future may even move to 5290 and 5310.

On the downside, nifty future should not break 5072. Breaking and trading below 5072 nifty future will move to
5030 , 4990 and 4970.

Trading the BankNifty




updated at 9.15 am..STERLITE trading idea




STER looks like a good swing trade.





For cash traders, buy ster on retracement to 823 with stop loss at 807 for target 900.



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.

Indian Stock Market Outlook 23-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

Just like we had written, nifty made open low at4967 and moved to our first target of 5000.

It was the only trade possible in what was otherwise a dull day for trading.

Link to yesterday's post: http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-22-december.html

NIFTY

Nifty closed at a strong support area of 4985. This area should act as support in today's trading.

As long as nifty doesn't break yesterday low of 4967, it will move upto 5010, 5025 and 5040.

5040 level will act as strong area of resistance today.

NIFTY - Option Watch

Most Traded Puts

Most Traded Calls

There are no levels for bank nifty 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.

Indian Stock Market Outlook 22-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

Just as we had written, nifty traded around 4972 for most of the day and once it broke the level with volume, it fell straight to 4937.

Readers who traded BNF with our levels would have printed out the almighty dollar.

Nifty

Nifty is a stonethrow away from fibonacci confluence level of 4917.

And this will provide support for nifty future tomorrow. 4970 will act as zone of resitance.

Crossing 4970 with volumes nifty future can retest 5000 and 5035 again.

Breaking and trading below 4917, nifty future may be whacked to 4895 and 4870.

Nifty - Option Watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty

Useful links :

Gold view updated : http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_20.html

Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

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.

Indian Stock Market Outlook 21-December-2009 (Nifty, Bank Nifty and Stocks)

Nifty

Chart Take

Short term RSI of nifty has broken a double top formation base.

However fibonacci confluence zones are quite nearby.

Friday low of nifty of 4972 will act as strong support for nifty.

If nifty trades below 4972 with volumes , it could get knocked down to 4930, 4905 and 4885.

On the upper side, 5025 will act as trend decider. Trading above 5025 with volumes,

nifty will move to 5060, 5090 and 5115.

Trading the Bank Nifty

Useful links :

Gold view updated : http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_20.html

Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

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.

Gold Views MCX India

Last week gold took support exactly as we had writen at 16760 .

Link to last week's outlook (http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india.html).

So what is in store for gold in the coming week ??

Chart Take

Gold is at a strong support region. Last week's low should act as strong support for a medium term pullback to 17380.

However breaking last week's low gold will fall in a straight line to 16500 which is last support for gold.

Breaking below 16500 gold will retrace all its gain and fall to 16000 levels.

Fibonacci

Fibonacci cluster support at 16580.

Fibonacci extention resistances at 17150 and 17350.

Link to Indian Stock Market Weekly Outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

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 Weekly Outlook (21 December till 25 december 2009(

Nifty traded in the range that we had written last week (http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_13.html).

Chart Take

Chart support 4935 and 4820.

5165-5190 area in chart has become high resistance zone.

Fibonacci

The fibonacci support for next week is at 4935. Breaking and trading below 4935 with volumes

nifty may move the the extension levels of 4880, 4840, 4790.

5080 is fibonacci resistance area for next week. Above 5080, the extention zones are 5130, 5180, 5205.

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.

Indian Stock Market Outlook 18-December-2009 (Nifty, Bank Nifty and Stocks)

Readers who went long at support of 5020 would have booked close to 50 points.

Readers who went short at resistance level of 5070 would have booked closed to 50 points.

BNF traders would have booked more than 15,000 rupees on 2 lots trade.

Although there was a range contraction in nifty, our readers would have minted yesterday.

Nifty

Today's support level is placed at 5010. if 5010 is held nifty future can move 5055 and 5085.

Breaking 4990 with volumes, nifty will get smacked to 4940 and 4925 today.

5085 is huge resistance and supply zone for nifty today. Trading above 5085 with volumes nifty can move to

5140 and 5175.

Nifty - Option Watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty

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.

Indian Stock Market Outlook 17-December-2009 (Nifty, Bank Nifty and Stocks)

Readers who went long at support of 5005 would have booked close to 65 points.

Readers who went short at resistance level of 5060 would have booked closed to 35 points.

BNF traders who went long at S1 level would have booked more than 100 points.

All in all, despite a choppy trading session, our readers would have made good money today.

(Yesterday's outlook : http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-today-16-december.html).

Nifty - Chart Take

Nifty took support exactly at the trend line chart we had presented yesterday.

For tomorrow, nifty will face huge resistance around today's high of 5072 - 5075.

Trading above 5075 with volumes , nifty will move to 5105, 5150.

On the downside, support exists at 5022. It is imperative that nifty future should not break 5004.

Breaking and trading below 5004 nifty future will knocked to 4970, 4925 and 4900.

Nifty - Options Watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty

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.

Indian Stock Market Today 16 December 2009 (nifty, bank nifty and stocks) outlook

As we had written yesterday (http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-today-15-december.html)

nifty crashed to achieve all targets given.

Bank Nifty short produced more than 30,000 rupees on just 2 contracts.

All in all readers would have minted the almighty dollar today

Nifty - Chart Watch

Tomorrow 5060 will be critical level for nifty future. Trading above 5060 nifty will move to 5110 and 5150.

On the other hand breaking and trading below 5005 will take nifty directly to 4975. If 4975 is not held

bears can hammer nifty to 4925 and 4895.

Nifty - Option watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty Future

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.

Indian Stock Market Today 15 December 2009 (nifty, bank nifty and stocks) outlook

Nifty short term RSI breaks trendline. Bulls not in mood to give up 5100 without fight.

As a result intraday volatlity is at its peak. Today we had to trade 3 times to make a tiny profit.

For tomorrow level of 5157 is significant for bulls. If nifty future trades above 5157 with volumes

it will move to 5190, 5220.

Today's low of 5090 should act as support in nifty future tomorrow. If 5090 is not held nifty future will move to 5055 and 5025.

Trading the Bank Nifty

BNF could not trade above pivot level of 9150 (high made 9148) and crashed to S2 level.

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.