Gold Views MCX India (1st Feb Jan 2010 till 6th Feb 2010)

Gold

Bullish Argument

Last week we had written that Gold is likely to test 16200 . Last week Gold future closed exactly at 16200.

The short term indicators are in oversold mode indicating a pull back in gold prices.

If Gold future is able to trade above 16450 with volumes, Gold can spring in a surprise by rallying to 16750.

Bearish Argument

Strong support exists for Gold at 16000. If 16000 is not held, Gold will drift down to 15880 and 15700.

Link to weekly analysis of Indian Stock market

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_30.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 1st Feb - 5th Feb Nifty

RECAP

We all saw the brutual selling that happened last week once nifty broke 4920.

Last week's link: http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

NIFTY

4829 will act as strong support in the coming days for nifty future.

If nifty is able to cross and trade above 4945 next week, it will move to 5015, 5045, 5145 fibonacci extensions.

4800 will be key level to watch on the downside for coming week.

Breaking and trading below 4800, nifty future will straight away fall to 4735 and 4690.

Breaking and trading below 4650 will open up further downsides till 4531 and 4451.

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 29-Jan-2010 (Nifty, Bank Nifty and Stocks)

RECAP

Nifty crossed 4915, achieved first target of 4930, made a reversal bar and fell all the way to first target of short

at 4830.

Readers who went long in sunpharma yesterday would have made a handsome profit as sunpharma rocked to 1490 today.

All in all yet another month of great profit for readers of jerry technicals.

NIFTY

Crucial resistance band for nifty has shifted to 4885 - 4900.

Trading above 4915 with volumes, nifty will move to 4955, 4970, 4992 tommorow.

4830 is crucial support region for nifty.

However trading below 4805 is detrimental for nifty future will move to 4775, 4750, 4725.

There are no stock recommendations for tomorrow.

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

Link to Weekly Analysis of Gold Future:

http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-25th-jan-2010-till.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 28-Jan-2010 (Nifty, Bank Nifty and Stocks)

Nifty crashed just like what we wrote in weekly outlook.

For today 4895 will be high resistance zone for nifty future. A reversal from 4895 zone will mean that nifty future will fall to

4830, 4800, 4730 today.

Breaking and trading above 4915 will make outlook positive for nifty future and nifty future will move to 4930, 4975, 5020 in

such a scenario.

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

Link to Weekly Analysis of Gold Future:

http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-25th-jan-2010-till.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 27-Jan-2010 (Nifty, Bank Nifty and Stocks)

Readers who went long in bhel and short in infosys on monday would have made a lot of money as BHEL

moved up and infosys fell like nine pins just like we had written in

http://jerrytechnicals.blogspot.com/2010/01/interesting-stocks-for-next-week-25th.html

Nifty

With RBI meeting round the corner, markets are expected to exhibit nervousness in the coming days.

For tomorrow's trading two levels are critical for nifty future as per fibonacci extension.

On the upside 5035 and on the downside 5000.

Crossing and trading above 5035 with volumes, nifty future will move to 5050, 5075 and 5096.

On the other hand if nifty crosses 5035 and then breaks 5000 , bears will hammer it down to

the extent of 4970 and 4940. Trading below 4940 can even take the index to 4882.

SUNPHARMA

SUNPHARMA looks good for a swing long trade.

1425 is the buying area and stop should be below 1400.

Target would be 50% retracement of the recent fall at 1530.

Weekly Outlook

Link to Weekly Analsyis of Indian Stock Market:

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

Link to Weekly Analysis of Gold Future:

http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-25th-jan-2010-till.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.

Interesting stocks for next week (25th Jan 2010 to 29th Jan 2009)

BHEL

Outlook : Bullish

Key support level 2315.

Stop Level 2275

Targets: 2425, 2470, 2500.

INFOSYS

Outlook : Bearish

Key Resistance Level : 2590

Stoploss Level : 2615

Target Levels: 2550, 2530, 2492.

Link to Weekly Analsyis of Indian Stock Market:

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

Link to Weekly Analysis of Gold Future:

http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-25th-jan-2010-till.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.

Gold Views MCX India (25th Jan 2010 till 30th Jan 2010)

Gold

last week readers of the blog would have picked both the high and low of gold

Even one lot of gold future contract would have fetched the reader in excess of 70,000 rupees.

http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-18th-jan-2010-till.html

For the coming week, 16200 could turn out to be vital support for gold.

If 16200 is held, gold will attempt a pullback to 16500 and 16700.

On the other hand, breaking and trading below 16130 will open up gold for

downside targets of 15990, 15850 and 15700.

Weekly Outlook for Indian Stock Market : http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.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 25th Jan - 29 jan 2010 Nifty

Nifty

Last week nifty panned out exactly like what we had written.

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

4920 will be level to watch on downside next week. If 4920 is held nifty will attempt a pullback to 5115.

Trading above 5115 with volumes, the extenstion targets are 5160, 5260 and 5340.

On the otherhand, failure to hold 4920 would mean nifty will correct to the first target of 4828 which is strong support

region. Trading below 4828 with volumes will open up down side targets of 4735, 4650 and 4575.

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 22-Jan-2010 (Nifty, Bank Nifty and Stocks)

Any reader of the blog who followed our weekly outlook would have booked 120 points in

nifty future short today. What a great day for traders !!!!

Nifty

Look at how the bands continue to attract nifty.

For tomorrow, Nifty outlook will change to positive only if nifty is able to trade above 5160 with volumes.

Inability to trade above 5160 with volumes will be taken advantage by bears and nifty wiill fall to 5050 and 5020.

5020 is trendline support area for nifty. If nifty takes support in that region it might even attempt a pullback to 5120.

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

Weekly Gold Outlook : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-18th-jan-2010-till.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 21-Jan-2010 (Nifty, Bank Nifty and Stocks)

Nifty

Nifty has closed in the weak zone. From here 5245 is a major area of resistance for nifty.

If nifty is unable to trade above 5245 with volumes nifty will fall to 5185, 5155 and 5140 tomorrow.

Mean while Gold has pulled back to resistance level as we had written in weekly outlook.

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

Weekly Gold Outlook : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-18th-jan-2010-till.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 20-Jan-2010 (Nifty, Bank Nifty and Stocks)

RECAP

Just like we had written yesterday, nifty broke 5250 and fell to third target of short.

http://jerrytechnicals.blogspot.com/2010/01/indian-stock-market-outlook-19-jan-2010.html

Nifty

For tomorrow if nifty crosses and trades above 5260 it will move to 5290 and 5305.

On the downside breaking and trading below 5190 nifty future will move to 5175 and 5150.

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

Weekly Gold Outlook : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-18th-jan-2010-till.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 19-Jan-2010 (Nifty, Bank Nifty and Stocks)

Nifty

As written in weekly outlook, nifty took support at the band and moved up sharply.

Tomorrow if nifty trades above 5296 with volumes, it will move to 5325, 5340 and 5355.

Support exists at 5260.

On the down side, 5250 will be key. Breaking and trading below 5250 nifty future can move to

5235, 5225 and 5210.

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

Weekly Gold Outlook : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-18th-jan-2010-till.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.

Gold Views MCX India (18th Jan 2010 till 23rd Jan 2010)

Gold

Chart Take

Short term indicators are in oversold mode indicating a possible pullback to resistance level for gold.

17000 remains resistance zone for gold. 16600 is chart support area.

Fibonacci Levels

16950, and 17030 are weekly resistance levels as per fibonacci expansion.

Trading with volumes above 17080 gold will move to 17190, 17250, 17400.

Strong support exists at 16720 fibonacci confluence zone.

Gold should not break and trade below 16600 zone. In such a scenario, a decline to 16450 and 16300 would be inevitable.

Indian stock Market Weekly Outlook :

http://jerrytechnicals.blogspot.com/2010/01/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 18th Jan - 22 jan 2010 Nifty

Last week we had writen that below 5240 nifty will fall to 5175 ( see link http://jerrytechnicals.blogspot.com/2010/01/nifty-weekly-outlook-11-january-till-15.html).

Nifty low for last week was 5176.

Nifty is range bound so far. And we have been using bands to trade.

Bands are currently placed at

1) 5386

2) 5229

3) 5172

4) 5115

5) 4960

These bands indicate huge support and resistance areas and any reversal from these would be powerful.

Fibonacci

5258 would be break out point for bulls in the week ahead. Trading above 5258 with volumes 5315 and 5340 are the fibonacci

extension targets. Once 5258 is crossed with volumes, 5220 should act as strong suport.

On the other hand, if after crossing 5258 nifty breaks and trade below 5190, bears would knock nifty down to 5100 and 5050 in the

coming 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 14-Jan-2010 (Nifty, Bank Nifty and Stocks)

Recap

Nifty exactly reversed from our first target and zooomed to resistance level just like

what we wrote yesterday http://jerrytechnicals.blogspot.com/2010/01/indian-stock-market-outlook-13-jan-2010.html

Nifty

Nifty is poised for a smart move.

5205 will be key level for longs from here on. If nifty future does not break 5205 tomorrow, it will move to 5295, 5330 and even 5390.

If nifty future breaks 5205 , expect bears to perform their duty perfectly and nifty future @5120 and 5090.

HDIL

HDIL looks good for a swing trade.

Today's low will hold the fortunes for HDIL in the coming days. HDIL future can be bought on retracement to 367 with today's low of 354

as stop loss for targets 402 and 420.

If the stop loss is hit, the trade may be reversed to make profits.

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.