Nasdaq holiday list

US Stock market trading holidays

Source: www.nasdaq.com

NEXT: Nifty Outlook 01-June-2010

Nifty trading plan 01-June-2010

NIFTY FUTURE CHART

5070-5085 will be the key area to watch out for tomorrow's trading in nifty.

This is a confluence resistance area.

Reversal from this level will take nifty straight to 5040 and 5025.

Break if 5020 could induce correction to 4990 - 4985 tomorrow.

On the other hand, break and trade above 5085 with volumes will take nifty to 5115 (again :-)).

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

Indian Stock Market Weekly outlook

(nifty future)

The above chart makes for interesting study. One can see that all short term indicators have moved into buy mode by

breaking out from the trendline.

However if looks at the price, it is clear from the chart that we are near big overhead resistance.

So how do we play this seemingly twisted story to played out next week ?

Here is my take.

5115 (again :-)) and 5180 will be the resistance zones for nifty future in the week ahead.

Initial suppports from nifty lie at 4980 - 4950 area.

Break below 4950 will take nifty to 4920.

Break below 4920 will be disastrous for nifty future and will be an open invite for bears to start all round selling.

In such a scenario nifty future will move to 4785, 4750 and 4720.

And as usual we will be tracking the day to day actions in our daily outlook section.

Please mail your comments to Jerry

NEXT : Best of last week

Best of this week

This Week's Most Popular Posts



This week we entered short at 5017, identified a trend change based on ATR and made a fortune on F&O expiry day

•  Weekly Analysis

                       § which identified 5017 - 5040 as crucial resistance area from which nifty corrected to 4750.

•  Analysis implemented using options

                     § A whopping 133.33% return

•   Identification of trend reversal using ATR

                     Need to cover shorts

•  Best Expiry Day Ever            

                        § An amazing return of 187.5% on 4900 CE

• Mail me your comments at Jerry

Nifty Trading Plan 28-May-2010

NIFTY FUTURE TRADING PLAN

As we start a new series tomorrow, nifty futur will meet with stiff resistance at 5030.

Reversal from this level will take nifty to 5000, 4970, 4945.

However if nifty trades above 5060 it will move to 5085 and 5110.

4945 is the confluence support level for nifty future.

Break of 4920 with volumes will bring the bears back and they will knock nifty down to 4895.

NEXT : OPTIONS TO RICHES

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

Options to riches

NIFTY 4900 CE OPTION

I had written that 4900 will be strong suupport area for today. (link)

After nifty bounced back from 4900 and closed in green in 15 minutes time frame with high volume 4900 CE was available for 32 rs.

After this nifty continued on a one way journey to the target of 4995.

4900 CE by this time moved to 92 rupees.

187.5 % return on an expiry day. Voila....

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 trading plan 27-May-2010

(NIFTY FUTURE)

Nifty future will will have strong support at 4890 - 4900 region today.

Break of 4870 will invite selling in nifty and it could move to 4855 and 4835.

On the other hand reversal from support region will open up exciting oppurtunities.

4945 is the first target area for reversal from 4890-4900.

4955 - 4960 will be resistance area for nifty today.

Trading above 4960 with volumes will take nifty future to 4980 and 4995.

Most Active Puts

Most Active Calls

Source : www.nseindia.com

NEXT: When resistance became support

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 trading plan 26-May-2010

(NIFTY FUTURE DAILY)

ATR for nifty is approaching the resistance area as seen in the above chart.

Near term stochastics are approaching multimonth support area.

These are early signs that we might see a range contraction in nifty,especially with expiry just around the corner.

4840 will act as strong resistance for nifty future tomorrow.

Reversal from this level will take nifty to 4796 and 4776.

Break and trade below 4750 will invite panic selling to 4730 and 4710.

Trading with volumes above 4840 will bring cheers to bulls and they will move nifty to 4865, 4885 and 4910.

NEXT : Counting the targets

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 Trading Plan 25-May-2010

Resistance band of nifty has shifted to 4940 - 4970 for tomorrow.

Reversal from these levels will take nifty future to 4885 , 4855 and 4830.

Bulls might decide to show up if nifty future crosses and trades above 5000.

Nifty might move to 5030, 5055 and 5080 in such a case.

NEXT: Options the true multibagger

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

Options- The true multibagger

I had written on the weekend that 5017- 5040 will prove tricky for nifty future. (link)

Based on this I was waiting for intiating a short trade around those levels.

When nifty broke trend line and closed below it, I entered 5000 put which was available at 45 rs.

What followed was a mind blowing fall.

5000 PE moved to 105 at 4915 my target for the day. A whopping

return. Not bad for a day's work.

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 Trading Plan 24-May-2010

Nifty future will have strong support at 4915 tomorrow.

If nifty takes support at 4915, it will move to 4965 and 4990.

Trading above 4990 with volumes will take nifty t0 5015, 5030 and 5060.

If nifty breaks and trades below 4892, it will become weak and fall to 4870 and 4850.

NEXT: 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

Indian Stock Market Weekly outlook

(NIFTY FUTURE)

Last week we had written that 5115 will be crucial level if nifty's fortune were to improve.

The high of last week was 5107 which vaidated our findings from chart.

For the week ahead nifty future will have huge resistance in 5017 - 5040 area.

Reversal from these levels will take nifty future to 4880 and 4840.

Break and trade below 4805 will take nifty future to 4735 and 4690.

Nifty will turn bullish only if it sustains momentum above 5075.

In such a case nifty future will move to 5135, 5190 and 5250.

NEXT: The wall of 5115

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 Trading Plan 21-May-2010

NIFTY

4868 will be critical for nifty future today on the downside

If 4868 is not proteted, nifty can crack even upto 4735 , 4719 today.

Reversal from 4868 will take nifty future to 4915.

Resistance for the day is placed at 4945 - 4970.

For nifty future to be positive it must trade above 4995 with volumes.

NEXT: A meandering day

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 Trading Plan 20-May-2010

Nifty is approaching fibonacci confluence support level of 4886 and 4869.

If nifty reverses from these support levels it will move to 4945.

Breaking and trading below 4850 will invite trouble for nifty it could easily get knocked down to

4820 and 4795.

For nifty to turn bullish it must trade above 4975 with volumes.

If it manages to do that then it will move to 5005 and 5030.

NEXT: When support level became resistance - magic of charts

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 Trading Plan 19-May-2010

Today's low in nifty future is critical for further upmove in nifty future.

Breaking and trading below 5017 with volumes will induce a correction upto 4980 and 4960.

On the other hand if support at 5035 holds nifty future will move to 5090.

5115 (again :-)) will be critical level for tomorrow.

Trading above 5115 with volumes, nifty future will rock to 5140, 5160 and 5180.

NEXT: Triangle Breakout

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.

Triangle breakout in KNR constructions

KNR constructions has made a triangle breakout.

Entry point should be 183. Stoploss should be close below 169.

Targets will be 205 and 230

NEXT: when support level acted as a wall of support

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 Trading Plan 18-May-2010

Today's low of nifty future is extremely critical in the near future. Breaking and trading below 4957 , nifty future will

be knocked hard to 4932, 4905 and 4880.

On the other hand, extremely strong support exists at 5005. Reversal from support will take nifty future to 5045 and 5075.

Breaking and trading above 5080 will take nifty future to 5105, 5130 and the logical extension target of 5158.

NEXT: When 5020 ruled the roost

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 Trading Plan 17-May-2010

5043 is confluence support level for nifty future tomorrow.

Reversal from 5043 will take nifty future to 5100 and 5152.

5207 is critical level for bulls tomorrow. Break out above 5207 will take nifty future to 5245.

Breaking and trading beloe 5020 will invite selling in nifty future and index might correct to 4985 and 4950.

NEXT: Indian stock market 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.

Indian Stock Market Weekly outlook

Nifty has made a very interesting close this week just below the critical support level.

I have been harping about 5115 being the confluence level to watch out for.

Unless nifty future trades above 5115 with volumes, future for nifty future appears bleak.

Reversal from 5115 will mean that nifty future's inevitable fall to 5070, 5035 and 4998 in the coming week.

Any upswing for nifty will have huge resistance around 5190 area.

Next resistance will be our favourite 5258 area.

For nifty future to turn positive it really must conquer 5258 with volumes.

Next week could be a great one futures traders.

Keep watching this space for updates and my trading plan.

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 update day

Due to technical reasons, the site will not be updated today

Nifty Trading Plan 13 May 2010

Today's support for nifty future is placed at 5115 (again :-).

Trading above 5177 with volumes will take nifty to 5197, 5215 and 5240.

On the other hand break and trade below 5080 will cause nifty to correct to 5045 and 5020.

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 Trading Plan 12 May 2010

If nifty trades above 5162 tomorrow it will blast to 5190 and 5207.

Bulls will be in trouble only if nifty future trades below 5080.

Doing so index can , pull back to 5100 and fall to the extent of 5069, 5050 and 5032.

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 Trading Plan 11 May 2010

Just as I had written in weekly outlook., nifty made an explosive move after crossing 5115 and attained the first weekly target of 5190.

Tomorrow nifty future will have tremendous support at 5178.

if 5178 support holds nifty future will move to 5228 and 5258 (again :-)) .

Trading above 5281 will pull in reluctant bulls and index will move to 5338.

Break below 5140 will invite selling and nifty future will correct to 5110 and 5080.

NEXT: THE POWER OF 5115

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 - How we got RIL-RNRL court judgement from charts

I had analyzed the charts of RIL and RNRL and posted it here.

Just see what happened afterwards.

RNRL moved to 74.9 and crashed to 52.

RIL reversed from lower channel and is headed towards the upward channel.

This is a classical example of how technical analysis helps in analyzing not only stocks, but events also.

NEXT: NIFTY WEEKLY ANALYSIS

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.