Nifty 30 June 2010

NIFTY TRADING PLAN

As written in this column yesterday, cracks developed in nifty future and fell to all targets given.

For tomorrow 5275 is the critical level to watch out for.

This level will see tussle between bulls and bears to obtain control.

5207 is the support level tomorrow.

Trading below 5207 with volumes nifty future will move down to 5185, 5165 and 5135.

For nifty future to move into positive mood, it must trade above 5308 with volumes.

In such a case nifty might move to 5320 and 5340.

NEXT : http://jerrytechnicals.blogspot.com/2010/06/nifty-29-june-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.

Nifty 29-June-2010

NIFTY TRADING PLAN

As written in this column yesterday, 5290.35 decided the move of nifty future today.

On the eod chart, nifty has broken out of a flag pattern.

However, short term indicators are in divergence with price.

5365 will be critical level for bulls tomorrow.

Crossing and trading above 5375 with volumes, nifty future will move to 5395 and 5405.

On the other hand , 5300 has become critical level to watch for all long trades.

5300 PE witnessed quite some addition of OI today indicating that in the near term 5300

will decide the direction of nifty future.

Break and trade below 5295 with volumes will take nifty to 5275 and 5255.

NEXT: Nifty June 28

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 29-June-2010

NIFTY FUTURE

The all important pivot level in nifty future is 5290.30.

5320 - 5340 is the resistance zone . Trading above this zone with volumes, nifty future will move to

5370 and 5390.

5280 - 5260 will be the support zone for nifty future.

Break and trade below 5260 with volumes will induce correction in nifty to the extent of 5240 and 5225

NEXT: Best of last 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.

Best of Last week

We anticipated the turn at 5375, provided a TA lesson on picking strong stock (McDowell) and

predicted a flat expiry.

Given below are the most popular posts from last week.

Weekly stock market outlook

Spirit of Leadership

A flat expiry

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-June-2010

NIFTY FUTURE

Just as we had written yesterday , nifty traded in narrow range moving from exactly

our support region to our resistance region.

Our pick of MCDOWELL is printing the allmighty dollar as written here

Day after expiry, expect nifty to give direction by breaking out from range.

The all important pivot is placed at 5319.55 in nifty fuutre for today.

5345 will be resistance area and 5356 will represent breakout zone.

Breakout targets will be 5375, 5390 and 5405.

Support for nifty future is placed at 5290.

Break and trade belw 5280 with volumes will induce correction and nifty will move to 5265, 5245 ad 5225.

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-June-2010

NIFTY FUTURE TRADING PLAN

As expected it was a narrow trading range for nifty future with expiry just around the corner.

5330 is the all important pivot level for nifty on expiry day.

5355- 5360 will act as strong resistance.

Trading above this level could see nifty moving to 5380-5390.

Similarly 5300 - 5315 will act as support region for nifty.

Trading below this level could see nifty moving to 5275.

Volumes indicate another narrow range day.

An expiry without fireworks ?? Let us wait and see tomorrow.

NEXT: NIFTY OUTLOOK 23rd June

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 Plan 23-June-2010

Nifty Trading Plan

Those who followed our analysis based on volume and shorted at 5375 as written in this column

would be laughing all the way to bank today.

As mentioned in this column 5354 turned out to killer level today.

Those who do not believe in volume analysis would have had their SL hit both sides today.

Market is a great humbler.

For tomorrow, key pivot level is 5325.

Resistance is placed at 5345 and Breakout at 5355.

Targets for the breakout will be 5370 and 5385.

5290 is the support level. Break and trade below this level with volumes will take nifty to 5270.

As expiry is nearing, a contraction in range is what is indicated by volume analysis.

NEXT: Trading plan 22-JUN-2010

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 Plan 22-June-2010

NIFTY FUTURE

Many people have asked me what is the importance of volume in technical analysis.

A great example was provided yesterday by nifty future.

It was mentioned in this column that (link) nifty future resistance is between 5330 - 5375.

As nifty entered and approached the higher end of the zone, volumes started tapering away

and nifty failed to gather momentum.

So traders who do not follow volume, are really missing something.

It is not enough that you have good levels to trade, but one should know how to trade them.

JerryTechnicals is the place where we strive to achieve that and as usual, all gyan comes for free here :-).

For today's trading 5354 is the all important pivot level.

5338 - 5322 is the support level.

Trading below support level with volumes could induce correction to the extent of 5290, 5270 and 5250.

On the other hand, reversal from support level will take nifty future to 5380.

5400 will be breakout point of the day and trading above 5400 with volumes, nifty will move to 5415, 5430 and 5445.

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.

Strong and Weak Stocks for next week

Criteria for selection

Technical Analysis

Parameters used - RSI, STOC, MACD, OBV

Pivot Levels

Proprietary algorithm of JerryTechnicals

Strong Stock for next week

MCDOWELL

PIVOT: 1253.50

Support : 1239

Breakdown: 1229

Resistance: 1265

Breakout: 1277

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 WEEKLY

As written in this column, nifty future made a remarkable comeback last week.

For the coming week the all important pivot point is placed at 5246.70.

Crossing this week's high of 5297, nifty future will move into the resistance zone of 5335-5375.

Trading above this resistance zone with volumes, the euphoric bulls will take the index to

5418, 5455 and 5490.

However, reversal from the above mentioned resistance zone will induce correction in nifty and

index will move to 5250, 5230 and 5215.

In the above chart, it is clearly seen that 5170 has become confluence support region in terms of

fibonacci levels.

Break and trade below 5170 will make index outlook negative and nifty will correct to 5100.

Best Of Last Week

• The sheer power of 5162. We identified the critical level for the week. We know what happened later

Read the post here

• A lesson in technical analysis for identifiying trend of stocks. M&M made a 9% move last week.

• The upward journey

http://jerrytechnicals.blogspot.com/2010/06/indian-stock-market-outlook-16-june.html

http://jerrytechnicals.blogspot.com/2010/06/nifty-trading-plan-17-june-2010.html

Nifty Trading Plan 18-June-2010

NIFTY FUTURE

5235 will act as strong support area for nifty today. Break and trade below 5221 will invite selling and

and nifty will correct to 5180 and 5155.

All important pivot level for today will be 5273.70

On the other hand the long term trend line of 5305 will act as a barrier for nifty future on the up side.

Cross over of 5320 will take the index 5340, 5360 and 5380 .

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-June-2010

Nifty Future

Nifty future will strong resistance at 5230 - 5240 region.

Only if nifty trades above 5258 with volumes, will it move uptp 5275, 5290 and 5305.

On the other hand reversal from resistance level will take nifty down to 5208.

Break and trade below 5197 will induce correction in nifty upto 5170, 5150.

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-June-2010 (Nifty, Bank Nifty and Stocks)

NIFTY FUTURE

Nifty future resistance for the day is placed 5245.

Trading abovr 5258 with volumes, nifty future will move to 5280, 5295 and 5310.

Reversal from 5258 will take nifty future to 5235, 5190.

Breaking and trading below 5177 with columes, nifty future

will correct to 5160, 5145 and 5125.

NEXT: NIFTY OUTLOOK 15 JUNE

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 15-June-2010 (Nifty, Bank Nifty and Stocks)

NIFTY FUTURE

5235 will be key resistance for nifty future today.

Crossing and trading above 5247 with volumes, nifty future will move to 5270 and 5290.

Support level for nifty future is placed at 5185 today.

Break and trade below 5170 with volumes will induce correction to 5140 and 5120.

NEXT: Bullish and Bearish stocks

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.

Strong and Weak stocks for next week

Criteria for selection

Technical Analysis

Parameters used - RSI, STOC, MACD, OBV

Pivot Levels

Proprietary algorithm of JerryTechnicals

BULLISH STOCKS

1) M&M

PIVOT LEVELS

BEARISH STOCKS

ITC

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

Nifty is inching closer to to the huge resistance level of 5162.

Reversal from around this level will take nifty future to 5065, 5016 and 4985 this week.

Breaking and trading below fib support confluence zone of 4960 will make all bears on hiatus to

comeback and smash nifty future to 4910, 4875 and 4935

If nifty future is able to conquer the 61.8% retracement level of 5162 and trade above it with volumes,

it will move to 5210, 5258 (again !!) and 5310 in the week ahead.

Charts are indicating power packed action this week.

As usual we will be tracking the action here on a dialy basis with our trading plan.

NEXT: Nifty outlook 11june

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 11-June-2010 (Nifty, Bank Nifty and Stocks)

NIFTY FUTURE

After a remarkable rally yesterday night by US markets, expect nifty to open with a gap up.

5125 is key level to watch out today.If nifty opens above 5125 and then breaks 5097, it will play into

the hands of bears and will correct to 5050 thereby nullifying all the opening gains .5050 is strong support

for nifty . Break of 5024 though will lead to 4980.

On the other hand sustaining above 5164 with volumes, nifty will gather enough momentum to test 5200 level.

NEXT : 30% trade in 5000CE

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.