Note:
This is profit that a reader would have made in the month of october by following
the recommended trades on the blog. It is assumed that the reader would have traded
two lots of nifty future and one lot of stock future.
Saturday, October 31, 2009
Friday, October 30, 2009
Stock Market Today - Flashback
Labels:
Bank Nifty,
BNF,
Day Trading,
fibonacci,
FO,
Intraday trading,
Money,
NF,
Nifty,
price stock,
Stock,
stock broker,
stock exchange,
stock images,
Stock market,
stock online,
stock quote,
Stock Tips,
Technical analysis,
Tips
Flashback
Nifty crossed long level and almost achieved first target.
From there, readers would have printed the almighty dollar as nifty triggered short level and
nosedived to target 2 of short.
Trading the bank nifty
I did a trade in bank nifty today which i would like share here.
See the following chart
BNF got resisted at R4 level at open, made a reversal bar at 10.15.
Now the low of 10.30 bar which is around 8615 becomes significant for the rest of the day.
As BNF is already above R4 i am not looking for any long trades.
A short will be created for me when a 15 minute bar closes below 8615.
Sure enough it happened a few bars later.
Now i wait for a retest of the 8615 area which happened 2 bars later and the retest failed.
So i entered short at 8588 with stoploss of 8615 at the close of the retest failure bar.
Two bars later, i exit with a bucket load of money at 8385, which is S1 level given.
A neat 200 points trade for a stop loss of 30 points.
R4 proved to be the winner level for today.
If any reader is using these levels to successfully trade in bank nifty, do share it with me with a chart
and i will publish it on the blog.
Thursday, October 29, 2009
Stock Market Today 30-October-2009
Labels:
Bank Nifty,
BNF,
Day Trading,
fibonacci,
FO,
Intraday trading,
Money,
NF,
Nifty,
price stock,
Stock,
stock broker,
stock exchange,
stock images,
Stock market,
stock online,
stock quote,
Stock Tips,
Technical analysis,
Tips
Flashback
Although nifty future achieved all targets of long level, readers may not have been
able to take advantage as the entry level was not met. Two days back i had writen
that 4750 will be first support for nifty in this down move and today is precisely
where nifty decided to take support.
Nifty future Bull Level
Nifty future crossing 4835 buy on retracment to 4825 with stop loss at 4797 for targets
4870, 4905, 4945.
Nifty future Bear Level
If stop loss of nifty future short is triggered, trade may be reversed to short for targets 4735,
4700 and 4670.
There is no stock reccomendation for tomorrow.
Bank Nifty Future Trading Levels
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.
Wednesday, October 28, 2009
Stock Market Today 29-October-2009
Labels:
Bank Nifty,
BNF,
Day Trading,
fibonacci,
FO,
Intraday trading,
Money,
NF,
Nifty,
price stock,
Stock,
stock broker,
stock exchange,
stock images,
stock quote,
Stock Tips,
Tips
Flashback
As i had writen yesterday, nifty decided to take a pause. Anyone who ventured into trading nifty intraday would have got caught on the
wrong side.
Nifty future Bear Level
Short sell nifty future at 4890 with stop loss at 4925 for targets 4830, 4750, 4720
Nifty future Bull Level
Buy nifty future at 4720 with stop loss at 4683 for targets 4760, 4780, 4820.
Being expiry day, there are no stock recommendations.
Bank Nifty Future Trading Levels
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.
Tuesday, October 27, 2009
Response to reader queries
Labels:
Nifty,
nifty outlook,
Reliance,
RIL
Flashback
Although nifty did not come upto short level, enterprising readers would have made a killing in nifty short today with the levels given.
BNF short trade was in the money all the time.
Reliance crashed to second target. All in all a superb week so far for us.
No trading levels for tomorrow
There are no trading levels for tomorrow. After 3 days of superb movement it might be time for nifty to take a pause.
Although much will depend on how dow trades today, I for one will be taking a break tomorrow.
Some interesting questions from esteemed readers and responses
Over the week I received many interesting questions from esteemed readers. I was too busy to respond to many of them.
I use this oppurtunity to post those questions and answer them.
1) Where do you see nifty by decemeber expiry ?
One of the best questions.One area that I am not good at is time and price projection.
Though I try to make it up by relying on fibonacci time confluences, I have to say my guess is as good as yours.
Now looking at nifty from current levels, using fibonacci confluence levels, for a trend change to +ive we need a weekly closing above 5100.
On the downside 4750 is a strong support region, and after that 4300. I shall present a detailed analysis with chart on the coming weekend.
2) I still hold 20% nifty bees. Would it be wise to exit ?
Well this is a rhetorical question. Was my post on 22nd october untimely or not clear?
3) Can you give trading recommendations for Bank Nifty just like you do in nifty?
I definitely can. However because of the inherent volatility, it is extremely difficult to give overnight recommendations
for bank nifty. However many of you have writen in to tell me how beautifully the levels given are working. That is the exact intention.
A good, experienced trader shall be able to print out the almighty dollar with those levels. So statusquo shall be maintained on BNF.
4) Can you give support and resitance levels for Nifty future just like BNF?
Are you trying to suggest that the trades recommended in nifty are bad? Would love to know why one would require additional levels.
5) Will you teach trading techniques?
Well i have already demonstrated practical application of fibonacci confluences, both price and time, how to trade BNF pivots etc etc.
It is upto to the reader to build on it further. If one is looking for a 'from the scratch' teaching model, i am afraid it is going to have to wait for a bit longer.
How long?? Hey i already told i am weak at time projection ;-)
6) Trading by your levels alone one can make a decent profit. Can you provide levels for gold too?
Well, since the blog started, the profit tracker tells me, a reader would have made 10L + in trading 2 lots of nifty future and 1 lot of stock future.
I would say that is rather 'indecent' profit comapared to what the average Joe on the dalaal street makes.
I already made the announcement about commodity levels.
7) Why is this site free?
This has to be the best question ever. I blog out of passion and as a way of expressing myself.
However if any reader wants to donate he/she can do so in two ways
1) Provide the website link to friends, family and everyone you know.
2) Get us some advertisements to be placed on the website
I believe i have answered all the questions i received to the fullest extent possible. Do keep the queries pouring.
Nifty Outlook 27-October-2009
Labels:
Bank Nifty,
Day Trading,
fibonacci,
Nifty,
Nifty October,
nifty outlook
Flashback
Readers would have minted the almighty dollar in nifty short sell trade as nifty fell down to 2nd target of short not once but twice. ICICI bank also broke short level and gave a 1% move.
Bear Level
Short nifty future at 4990 with stop loss at 5010 for targets 4945, 4920, 4875, 4825
Bull Level
Buy nifty future at 4820 with stoploss at 4795 for targets 4865, 4895.
Bear Pick - Sultan of Stocks
RIL future breaking 2007 short on retracment to 2025 with stoploss at 2040 for targets 1990, 1970, 1945.
Key Trading Levels - BNF
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.
Monday, October 26, 2009
Jerry Technicals just got Bigger
Labels:
Share Blog
Dear Readers,
I would like to introduce to you a new contributor for the blog Mr Pradeep.
Mr Pradeep is a very experienced trader in equities as well as commodities.
He will be presenting weekly analysis of commodities (MCX) here starting next week and also replying to some of your queries.
Thanks for the support.
Jerry.
Nifty Outlook 26-October-2009
Labels:
Day Trading,
fibonacci,
Nifty,
Nifty October,
nifty outlook
Bear Level
Short nifty future at 5025 with stoploss at 5055 for targets 4995, 4970, 4945, 4915.
Bull level
If nifty future triggers stop loss, reverse the trade with the objective of making up the loss that is 20 points.
Bear Pick - ICICIBANK
Short ICICI BANK breaking 895 with stoploss at 906 for targets 880, 868, 854.
BANKNIFTY - Key Trading Levels
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.
Sunday, October 25, 2009
Sultan of Good Times Profit Tracker 20-Oct-2009 till 23-Oct-2009
Labels:
Day Trading,
Nifty,
Nifty trading,
PROFIT TRACKER OCTOBER
NOTE:
The table given below is calculated on the basis of trades recommended on the blog last week.
The assumption is that reader would have traded one contract of stock future and two contracts of nifty future.
The trades done using BNF levels given are not considered for calculation.
| DATE | SCRIP | TRADE | SELL | BUY | QUANTITY | PROFIT |
| 20/OCT/09 | NIFTY | LONG | 5150 | 5110 | 100 | 4000 |
| 20/OCT/09 | RELIANCE | LONG | 2215 | 2190 | 150 | 3750 |
| 21/OCT/09 | NOTRADE | |||||
| 22/OCT/09 | ICICIBANK | SHORT | 922 | 890 | 350 | 11200 |
| 23/OCT/09 | NOTRADE | |||||
| NET | 18950 |
Wednesday, October 21, 2009
Nifty outlook 22-October-2009
Labels:
BSE,
Day Trading,
fibonacci,
Nifty,
nifty outlook,
Nse
Flashback
The levels provided yesterday would have kept the reader away from any trade in nifty in a choppy session.
However those who went short in BNF using the levels provided would have printed out the almighty dollar.
D Day
Tomorrow could be a key deciding day for NSE and BSE as far as the upmove from march lows are concerned.
Expect a range expansion tomorrow and a large red candle will mean end of upmove. In such a case, readers who are holding
nifty bees as per my recommendation should exit totally from the position.
Bear Level
Short nifty future around 5095 with stoploss at 5110 for targets 5055, 5025, 4995, 4980.
Bull Level
There is no bull level for tomorrow.
Bear Pick - ICICIBANK
ICICIBANK future breaking 921 short on retracement to 926 with 931 as stoploss for targets 914, 900, .885.
BNF - Key trading levels
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 October 2009
Labels:
BSE,
Day Trading,
fibonacci,
Nifty,
nifty outlook,
Nse
Flashback
Readers would have made good money in yesterday's trade of nifty future and reliance future longs.
Bull Level
Nifty future crossing 5130 buy on retracement to 5115 with stoploss at 5090 for targets 5157, 5175, 5195.
Bear Level
Nifty future breaking 5067 short sell on retracement to 5080 with stoploss at 5103 for targets 5040, 5020, 5000.
There are no stock recommendations for today's trading.
Trading levels for banknifty
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.
Monday, October 19, 2009
Nifty Outlook 20 October 2009
Labels:
Bank Nifty,
Day Trading,
fibonacci,
Nifty,
Nifty October,
Reliance
Bull Level
Buy nifty future at 5110 with stop loss at 5080 for targets 5170, 5195, 5215
Bear Level
Nifty future breaking 5080 short sell with stop loss at 5110 for targets 5045, 5020, 5000.
Sultan of stocks
For tuesday trading buy RIL future at 2185 with stoploss at 2165 for targets 2215, 2245, 2285.
Trading levels for 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.
Saturday, October 17, 2009
Sultan of Good Times Profit Tracker 12-Oct-2009 till 16-Oct-2009
Labels:
Day Trading,
Nifty,
Nifty trading,
PROFIT TRACKER OCTOBER
NOTE:
The table given below is calculated on the basis of trades recommended on the blog last week.
The assumption is that reader would have traded one contract of stock future and two contracts of nifty future.
| DATE | SCRIP | TRADE | SELL | BUY | QUANTITY | PROFIT |
| 12/OCT/09 | NIFTY | SHORT | 4982 | 4952 | 100 | 3000 |
| 12/OCT/09 | ABAN | SHORT | 1628 | 1601 | 400 | 10800 |
| 12/OCT/09 | NIFTY | LONG | 5055 | 5010 | 100 | 4500 |
| 13/OCT/09 | NOTRADE | |||||
| 14/OCT/09 | NOTRADE | |||||
| 15/OCT/09 | NIFTY | LONG | 5120 | 5070 | 100 | 5000 |
| 16/OCT/09 | NIFTY | LONG | 5145 | 5125 | 100 | 2000 |
| NET | 25300 |
Thursday, October 15, 2009
Nifty Outlook 16-October-2009
Labels:
Day Trading,
fibonacci,
Nifty,
nifty future,
nifty outlook
Flashback
Nifty perfectly moved from long level to first target of long.
BNF support and resistance levels worked like magic today.
Bull Level
Nifty future crossing 5145 buy on retracement to 5125 with stoploss at 5105 for targets 5165, 5185, 5205, 5240.
Bear Level
Nifty future breaking 5067 short on retracement to 5085 with stoploss at 5107 for targets 5049, 5020, 5005, 4970.
There are no stock recommendations for tomorrow.
BANK NIFTY FUTURE - KEY LEVELS FOR FRIDAY TRADING
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.
Wednesday, October 14, 2009
Nifty outlook 15-October-2009
Labels:
Day Trading,
fibonacci,
Nifty,
nifty outlook,
Reliance,
reliance capital,
Trading
Flashback
Both Nifty and RELCAPITAL achieved targets at open itself there by robbing readers of good trading oppurtunities.
Meanwhile nifty inched ever so closer to my target of 5270.
Bull Level
Buy nifty future at 5070 with stoploss at 5030 for targets 5120, 5160, 5185.
Bear Level
Short sell nifty future at 5185 with stoploss at 5200 for targets 5160, 5120, 5075.
There are no stock recommendations for tomorrow.
Bank Nifty Support and Resistance Levels for Thursday
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.
Tuesday, October 13, 2009
Nifty Outlook 14-October-2009
Labels:
BANKNIFTY,
Nifty,
Nifty October,
nifty outlook,
relcapital,
reliance capital
Flashback
Nifty triggered short level fell 30 points and then moved up and triggered long level and zooomed to 5075, well past the 3rd target.
Readers would have made good money in ABAN short as it reversed sharply from short level to 1600 levels.
Bull Level
Buy nifty future at 5013 with stop loss at 4978 for targets 5110, 5140, 5175, 5208.
Bear Level
Nifty future breaking 4978 short sell with stop loss at 5013 for targets 4890, 4850, 4830.
RELCAPITAL - READY TO BLAST
For wednesday trading buy RELCAPITAL future at 937 with stop loss at 921 for targets 973, 987, 1000.
BANKNIFTY FUTURE SUPPORT AND RESISTANCE LEVELS
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.
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