Weekly Outlook - Gold MCX 01 March to 06 March 2010

GOLD (MCX)

Gold will have resistance at last week high. Trading above 16870 with volumes will take gold to

16950 , 17020 and 17095 in the coming week.

On the other hand reversal from resistance level means Gold will correct to the significant support level.

Significant support exists for Gold at 16580 for the coming week.

If Gold trades below 16580 with volumes, it could correct sharply to 16490 and 16430.

Link to indian stock market weekly analysis : http://jerrytechnicals.blogspot.com/2010/02/week-after-budget-how-to-trade-nifty.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.

Week after budget - how to trade nifty

NIFTY

Nifty moved pretty much inline with expectations

Link to last week's outlook: http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market_20.html

NIFTY

Nifty has entered into a positive territory. Only breaking and trading below 4835 will make nifty outlook as negative.

In the scenario of nifty future breaking and trading below 4835, it will move to 4796 and 4754.

4885 should be strong support for nifty in the coming week from where it should attempt to scale 4965 and 4992.

Breaking and trading above 5015 with volumes will take nifty to 5055, 5095 and 5150 very easily.

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 25-Feb-2010 (Nifty, Bank Nifty and Stocks)

NIFTY RECAP

Yesterday we had written that breaking 4842 will open flood gates on the downside.

But the low of the day was 4842.30 !!!!.

NIFTY

Levels to watch for

Trading above 4890 with volumes, nifty future will move to 4915 and 4930.

If nifty future trades below yesterday low of 4842.30, bears will come into play and nifty will move to 4828.

With budget scheduled for tomorrow, it is highly likely that we will trade in a narrow range for this expiry.

Most of this month, we have only traded in nifty and bank nifty and gold.

There have been very few recommended swing trades in stocks. We have stayed away from stocks as most stocks are not trending.

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 24-Feb-2010 (Nifty, Bank Nifty and Stocks)

RECAP

Readers who went long at 4835 would have made great money as nifty moved to 4888.

NIFTY

If nifty breaks and trades below 4842, it will indicate total domination by bears and index will be knocked down to

4805, 4768 and 4745.

Only trading above 4920 will make nifty positive and open up target of 4960.

Nifty Weekly Analysis :

http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market_20.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 23-Feb-2010 (Nifty, Bank Nifty and Stocks)

Nifty Weekly Analysis :

http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market_20.html

NIFTY

Readers who shorted nifty future at resistance level of 4905 would have made good money today.

Levels to watchout tommorrow

4835 will be strong support for nifty tomorrow.

If 4835 is held, nifty will move to 4875, 4888.

If nifty trades above 4898 with volumes, it can even move to 4925 and 4945.

However if nifty breaks and trades below 4822 with volumes, it will fall to 4805, 4792 and 4769.

BANK NIFTY

8525 will be area of resistance for Bank Nifty.

If BNF is unable to trade above 8525, it will crash to 8430, 8400 and 8350.

If BNF trades above 8525 with volumes it will move to 8575 and 8620.

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 for Indian Stock Market 22nd Feb - 26th Feb Nifty

Owing to illness the blog could not be updated last week.

Sincere apologies to readers.

NIFTY

In the week ahead, 4905 would be huge resistance level for nifty.

Only if nifty trades above 4945 with volumes, it can move to higher targets of 4980, 5015 and 5050.

4805 would be huge support area for nifty next week. If it breaks and trades below 4790 with volumes,

nifty will move to 4755, 4717 and 4680 in the week ahead.

It is week which leads upto the budget. So one should be prepared to welcome the high volatilty which accompanies

any pre-budget 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.

Indian Stock Market Outlook 17-Feb-2010 (Nifty, Bank Nifty and Stocks)

NIFTY

Nifty will have strong support at 4877 today.

Crossing and trading above 4893 with volumes nifty future will move to 4920, 4948, 4975

On the downside, nifty future will be weak only below 4772. Breaking and trading below 4772 will take nifty to 4740 and 4690.

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 16-Feb-2010 (Nifty, Bank Nifty and Stocks)

NIFTY

Nifty will turn positive only if it is able trade above 4860 today.

Trading above 4860, nifty will move to 4906.

Otherwise it will correct shartply to 4780 and 4755.

If nifty future breaks 4745 and trades with volumes, it will crash to 4701.

BANK NIFTY

Trading above 8325, BNF will move to 8380 which is the most important resistance point for the day. If 8380 is not crossed with volumes, BNF will move to 8240, 8180, 8125.

On the other hand trading above 8430 with volumes, BNF will move to 8500.

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 for Indian Stock Market 15th Feb - 19th Feb Nifty

RECAP

Last week we had written that trading above 4795, nifty will move to 4850 ad 4880.

The high of last week was 4849.

Also we had written that nifty will be weak only below 4655. Low of last week was 4667

NIFTY

Nifty future will be bullish if it trades above 4885 next week. Bullish targets are 4930, 4980 and 5020.

4940 is the fibonacci confluence level, trading above which trend will be bullish in the days to come.

After crossing 4885, if nifty future breakes 4745, bears will pound nifty to 4655, 4610 and 4568 next 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.

No Post Today

Due to technical reasons blog will not be updated today

MCX Gold Views 10-02-2010

Gold View Today

Outlook - Bullish

Bull level

Buy around 16260 with stop below 16220 for targets 16425, 16470 and 16500.

Link to Indian Stock Market outlook Nifty and Banknifty ::

http://jerrytechnicals.blogspot.com/2010/02/indian-stock-market-outlook-09-feb-2010_09.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 10-Feb-2010 (Nifty, Bank Nifty and Stocks)

RECAP

Readers of the blog would have had a great day as nifty zoomed to 4810 as we had written.

Bank nifty also achieved first target of long

NIFTY

Nifty future will have huge resistance at 4820 tomorrow. If nifty is able to surpass that resistance and break and trade above 4843, it will move to

4865, 4882 and 4905.

On the other hand, failure to trade above the resistance level would mean nifty future will correct to 4780,4765.

Breaking and trading below 4750 would make nifty weak and it will drift to 4735, 4715 and 4695.

BANKNIFTY

Bank nifty trading could be tricky tomorrow.

Trading above 8420, BNF should move up to 8465, 8500 and 8560.

Breaking and trading below 8385, bank nifty could correct to 8350, 8300 and may even break today's low and fall to 8230.

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.

MCX Gold Views 09-02-2010

Gold View Today

Outlook - Mixed

Bull level

Crossing 16370 buy on retracement to 16350 with stop below 16300 for targets 16418, 16460.

Bear Level

Breaking and trading below 16240, short gold on retracement to 16275 with with stop above 16310


for targets 16200, 16175, 16150.

Link to Indian Stock Market outlook Nifty and Banknifty ::

http://jerrytechnicals.blogspot.com/2010/02/indian-stock-market-outlook-09-feb-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.

Indian Stock Market Outlook 09-Feb-2010 (Nifty, Bank Nifty and Stocks)

NIFTY

Twists and turns for tuesday

Nifty future will have strong support at 4715.

If 4715 holds nifty future will attempt to scale 4810.


Trading above 4820 with volumes, nifty future will easily move to 4855, 4880 and 4920.

Nifty future should not break and trade below 4680 tomorrow. Doing so, nifty future will


come into the hands of bears, and get thrashed to 4645, 4610 and 4580

BANKNIFTY

First signs of bullishness in banknifty future will be evident if it is able to trade above 8375.

In such a case it should move to 8430, 8485, 8520 and 8580.

On the other hand breaking and trading below 8310 will take it straight down to 8270 which is critical

support level on daily chart. Trading below 8270 volumes will open up down side targets to the extent

of 8200 and 8100.

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.

MCX Gold Views 08-02-2010

Gold View Today

Oulook - BullisH

Bull Level

Buy gold around 16150 with stop loss below 16050 for targets 16270, 16360, 16442.

NIFTY WEEKLY OUTLOOK

http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market.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.

Weekly outlook for Indian Stock Market 8th Feb - 12th Feb Nifty

RECAP

Last we had written that braking 4800 nifty will nose dive to 4735 and 4690.

The low of nifty was 4687.

Nifty

This week nifty will be in trouble only on break of 4655.

If nifty future breaks and trades below 4655, it may fall upto 4590, 4530, 4465.

On the other hand, if nifty future trades above 4795, it will move to 4850 and 4880.

4920 will indicate that bulls are in total control and the simple euphoria will lift the market to

5020 and 5110

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 05-Feb-2010 (Nifty, Bank Nifty and Stocks)

RECAP

Readers who went short below 4895 would have printed out the almighty dollar as nifty crashed to 4824

NIFTY

For nifty outlook to turn positive it must cross and trade over 4875 today.

If it trades above 4875 with volumes, 4902 and 4932 are logical targets.

However if nifty future breaks and trades below 4785 with volumes it will crashland to 4745, 4725, 4675.

Weekly Analysis : http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_30.html

Gold MCX view : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-1st-feb-jan-2010.html

Indian Stock Market Outlook 04-Feb-2010 (Nifty, Bank Nifty and Stocks)

Nifty

Readers who went long above 4880 would have made great money today as nifty zoomed to 4949.

Readers who went long in RELINFRA are already in profit.

Readers who went long in gold would have made a fortune as gold zoomed 300 points in just 2 days.

For tomorrow nifty future support is placed at 4910. Breaking and trading below 4895 nifty future will move down to 4860.

4990 will be the resistance area for nifty tomorrow. Breaking and trading above 5005 with volumes nifty future will move to 5035, 5055 and 5080.

Weekly Analysis : http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_30.html

Gold MCX view : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-1st-feb-jan-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.

Indian Stock Market Outlook 03-Feb-2010 (Nifty, Bank Nifty and Stocks)

Nifty

Nifty future will have huge resistance at 4860 for tomorrow's trade.

Only breaking and trading above 4880 will nifty future be able to test 4910 level.

Trading above 4910 with volumes nifty future will easily move to 4940 and 4970.

4778 is strongest support region for nifty.

If nify future is unable to hold 4770, it will fall to 4714, 4708 and 4677 .

Weekly Analysis : http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_30.html

Gold MCX view : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-1st-feb-jan-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.