Indian Stock Market Outlook (Nifty) 01-April-2010

NIFTY - Continuing love affair with 5258

Well it looks like the love affair will end one way or the other.

Tomorrow 5276 will be huge resistance level for nifty future.

Reversal from 5276 will take nifty future to 5245 and 5224 tomorrow.

Inorder for nifty future to trade with positive bias and make a april fool out of bears, it must break and trade above 5292 with volumes.

5320 and 5345 are the projected targets in such a scenario

Next : Article on nifty outlook 30th march

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 (Nifty) 30-March-2010

RECAP

Readers who went long in L&T based on our article would have minted the almighty dollar as it roared to 1672 today.

NIFTY

Nifty future will have huge resistance in 5330 to 5347 zone tomorrow.

Reversal from high resistance zone will mean nifty reversing to key support level of 5258 (there we go again :-) ).

Only if nifty is able to trade above 5365 with volumes, will bulls be able to take charge.

In such a scenario nifty will move to fibonacci confluence target of 5398 - 5411.

It promises to be a great day for intra day traders tomorrow with wild moves in the offing.

Let us see how tomorrow pans out.

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.

Bank Nifty - Indian Stock Market Weekly Outlook 29 March 2010 till 1 April 2010

RECAP:

Readers who bought bank nifty based on our last week's analysis would have minted the almighty dollar and BNF comfortably achieved

all targets given.

BANK NIFTY FUTURE

For the week ahead BNF supports are placed at 9420 and 9370.

Trading below 9300 will make BNF weak and correct to 9220, 9125 and 9040.

Resistance for BNF is placed at 9660 and 9700.

Trading above 9740 will create huge momentum on the upside and BNF will sail to 9815, 9900 and 10000 in a matter of days.

Next : Nifty weekly outlook

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 - Indian Stock Market Weekly Outlook 29 March 2010 till 1 April 2010

RECAP

Readers who followed our weekly article, would have made great money as nifty rallied from our entry point.

Those who missed that article can read it here

NIFTY

Any guesses as to what the weekly support level is next week?

Yes you guessed it right. It is our 5258 again.

Nifty will be weak only below 5220 next week. Breaking and trading below 5220 will take nifty to 5195.

If 5179 is broken with volumes, nifty will easily correct to 5125, 5057.

On the other hand, over head resistance is placed at 5340 and 5355. Trading above the second resistance level with volumes

will take nifty to 5390, 5415 and even 5450 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.

Indian Stock Market Outlook (Nifty) 26-March-2010

RECAP

As expected nifty traded in a narrow range and moved from our support level to our resistance level.

LT fell to first target of short @ 1601 before trend reversal.

NIFTY

Finally nifty conquered the golden level of 5258.

The same 5258 will act as strong support for nifty tomorrow, while it moves to higher targets of 5295, 5320 and 5340.

Nifty future will be weak only below 5220.

LT

LT made a beautiful move today.

Tomorrow 1630 is support region for LT.

If 1630 is held with volumes, LT will shoot up to 1680 and 1703 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.

Indian Stock Market Outlook (Nifty) 25-March-2010

Expiry day - Will there be fireworks ??

The inability of nifty to trade above 5258 is a mattern of concern for bulls.

We at JT (JerryTechnicals) expect this expiry to be a flat one.

Tomorrow the market could trade in a very narrow range from 5215 to 5255.

Only if nifty trades below 5210 with volumes, bears can get the upper hande.

Similarly, 5258 will remain the level to cross on the upside for bulls.

LT - Could fall to bear play

L&T is trading at a high resistance zone. Drying volumes indicates it might come under the scanner of bears.

1624 will be the key level to watch for bears. Reversal from 1624 will take LT straight to 1601.

Break and trade below 1595 means LT could crash to 1584 and 1577.

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.

Trading Holiday

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

Indian Stock Market Outlook (Nifty) 23-March-2010

NIFTY FUTURE OUTLOOK

Nifty future will have huge resistance at 5241 tomorrow.

For nifty to be positive it must trade above 5258 with volumes.

Reversal from 5240 will take nifty to 5219 and 5205.

Breaking and trading below 5195 will make all hell let loose in nifty and bears will hammer nifty to 5178, 5160 and 5143.

Trading above 5258 with volumes will take nifty to 5300 , 5320 and 5335.

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.

Bank Nifty - Weekly Outlook 22 March 2010 till 26 March 2010

RECAP:

Last week we had written that trading above 9125, BNF will make a move to 9305.

BNF pretty much traded as per the weekly analysis.

BANK NIFTY

Coming week could present interesting trading oppurtunities in BANK NIFTY.

Trading above 9305 will make BNF extremely positive and it can race to 9370 and 9440 in days itself.

Weekly support for BNF is placed at 9215 this week.

For BNF to become really weak, it has to break and trade below 9075.

In such a scenario it will drift easily to last week's low of 9001.

Breaking and trading below last week's low can bring in significant correction to the extent of 8925 and 8855.

Nifty future Twists and Turns here

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 - Indian Stock Market Weekly Outlook 22 March 2010 till 26 March 2010

Last week nifty achieved our weekly target 2 after hitting our weekly buy point.

NIFTY

It would be interesting to note how nifty reacts to news of repo rate hike by RBI.

5223 is first support of nifty next week. 5195 is second support.

Breaking and trading below 5174 with volumes can make nifty weak and take it to 5130, 5088 and 5044.

However a reversal from the support region will mean nifty will clear the january high and move to

5335, 5395 and 5441 this week.

It is a week which promises fireworks. Get your trading gear on !!!.

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.

Stuck on you 5258 - Indian Stock Market Outlook (Nifty and Bank Nifty) 19-March-2010

Nifty is really struggling to cross and trade above 5258 , the key level, as mentioned in the posts last 2 days.

Crossing and trading above 5258 with volumes, nifty will attempt to cross 5273.

On successful conquering of 5273, nifty will inch higher to the next stumbling block of 5292.

Above that will be another stumbling block of 5311 :-), which is our target for the week for buy at 5100.

Refer to weekly outlook post :- link

Lot of resistance overhead.

In case nifty reverses from 5258 area, it will revert to fibonacci mean of 5205 and golden mean of 5188.

Most indexes around the world have already crossed their highs made in January 2010.

Will nifty be far behind ? Let us wait and find out !!!

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 (Nifty and Bank Nifty) 18-March-2010

NIFTY

5258 remains the key level for nifty future for tomorrow.

If nifty trades above 5258 with volumes, it will move to high resistance area of 5307.

Trading below 5240 will make nifty week and induce correction to 5219 and 5205.

Only a break and trade below 5200 with volumes will drift nifty into the negative region

and move it down to 5165.

TATAMOTORS

Tata Motors chart looks very promising for tommorrow.

Tata Motors could be bought at 765 with stop loss below 752 for targets 785, 797.20 and 807

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 (Nifty and Bank Nifty) 17-March-2010

RECAP

Many readers have mailed in to ask why the blog was not updated today.

Well, just have a look at weekly outlook of nifty and Bank Nifty.

Both followed what we had written like actors following a script.

NIFTY

5175 will act as strong support for nifty future tomorrow.

If bulls decide to keep up the momentum they have created today, first signs of it will come when nifty crosses and trades above 5258.

Doing so, nifty future will move to 5280, 5300 and 5320.

Only trading below 5162 will make nifty make and drag nifty down to 5140, 5120 and 5100.

Note that RIL's 200 dma is placed around 1077 and it would take a lot of effort from other index stocks for sustaining the momentum

created by bulls today.

BANK NIFTY

As written in the weekly view, BNF fortunes will largely depend on if it trades above 9125.

Trading above 9125 with volumes, BNF will move to 9160, 9185 and 9215.

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 Weekly Outlook - 15th till 20th March 2010

RECAP

Last week we had written to short Gold.

Gold fell like nine pins and achieved all downside targets. A gain of more than 1 Lakh rupees for readers who went short in gold.

GOLD Outlook

25 period weighted moving average for gold (on weekly time frame) is placed at 16290.

This will act as strong support for Gold in the coming week.

If Gold trades below 16140 it will open up a downside of 15800.

Now if 16290 is held with volumes, Gold will attempt a bounce back to 16540 - 16590 level.

For Gold to turn positive it must trade above 16670 with volumes.

If GOld is able to do that, it will easily move to 16780 and 16890 in the coming week.

POPULAR DEMAND : WEEKLY TECHNICAL ANALYSIS OF 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.

Bank Nifty - Weekly Outlook 15th March 2010 till 19th March 2010

As many readers have requested weekly analysis of BNF, here we go....

BANK NIFTY

Bank Nifty has crossed and closed above near term trend line which indicates bullishness.

For the week ahead trend line at 9120 will hold fortunes of Bank Nifty. If BNF is able to take support at 9120, it will straight away move to 9305 and 9350.

On the other hand breaking and trading below 9087, will induce a short term correction in BNF prices , which could take the index to even 8970 with minor

supports at 9047 and 9000.

It promises to be yet another suffocating week for traders next week. Let us see how it turns out !!!

You can find weekly analysis of nifty future here

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 - Indian Stock Market Weekly Outlook 15th March 2010 till 19th March 2010

RECAP:

Nifty future stayed in a very narrow range last week much like most indices around the world.

Nifty Analysis

For the week ahead, nifty future will have strong support at 5125 and 5087, inorder to move

to newer highs of 5225, 5245 and 5310.

Breaking and trading below 5080 would be detrimental for nifty and it could correct sharply to 5030 and 4990.

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 - Levels for nifty and banknifty future 12-March-2010

NIFTY

Nifty will have strong support today at 5128.

Trading above 5128 will take nifty to 5166.

5176 is break out point for the day. If 5176 is crossed with volumes, nifty future

will move to 5189, 5202 and 5215.

On the other hand trading below 5113 will make nifty weak and will move to 5099,

5082 and 5065.



BANK NIFTY


Yesterday;s close of 9184 will be strong support region for Bank Nifty today.

Trading above 9184 with volumes BNF will move to 9240.

Crossing and trading above 9260 will make BNF extremely positive and open up targets

of 9295, 9330, 9365.



Only if BNF breaks yesterday's low of 9110 it wil turn weak .

If that happens, BNF will  fall to 9075 and 9000 after retracing to 9149.




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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No Post Today

Due to technical reasons, blog will not be updated today

Indian Stock Market (Nifty and Bank Nifty) Outlook 10-March-2010

RECAP

Readers who short sold nifty and bank nifty would have reaped money.



NIFTY




Resistance for nifty future is placed at 5110 for  tomorrow's trading.

Reversal from this level will make nifty correct to 5085, 5071 and 5055 tomorrow.

Trading below 5055 will straight away take nifty to 5035 which is strong support level.



BANK NIFTY



BNF closed on a positive note today. Inorder to maintain momentum BNF must cross and trade above

9145. If BNF trades above 9145, it will open up targets of 9190 and 9215.

On the other hand breaking and trading below 9040 would be disastrous for BNF as bears will smash

BNF to 9015, 8995 and 8975 tomorrow.



Useful Links


Nifty weekly outlook


Gold Weekly outlook (MCX India)




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.

Blogged with the Flock Browser

Nifty and Bank Nifty outlook 09-Mar-2009

NIFTY








Tomorrow nifty future will struggle to cross today's high of 5145.

If nifty is unable to cross 5145 and trade with volumes, it will move to 5100.

Breaking and trading below 5092 will take nifty to 5081 and 5070.



BANK NIFTY

BNF will have resistance near today's high of 9168.

Trading above 9185 with volumes will open up targets of 9225 and 9245.

Otherwise BNF will drift down to achieve lower targets of 9095, 9045.



Readers will find the following links very useful


Nifty Weekly Outlook

MCX Gold Weekly Outlook

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.

Blogged with the Flock Browser

Weekly outlook MCX Gold 08-March to 13 March 2010

RECAP

Last week high of Gold was 17095 which was exactly our third target of long.


Gold Outlook

For the coming week Gold will struggle to cross the resistance level at 17030.

Reversal from 17030 will mean Gold correcting to 16815 and 16750.

Breaking and trading below 16680 with volumes will take gold straight to 16595 and 16491

In order for Gold to maintain its uptrend, it must trade above 17150 with volumes.

If Gold is able to do that then upper targets of 17270 and 17380 shall beckon


Indian Stock Market Outlook

Outlook for nifty trading is posted here

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.