Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK (01-FEB-2011)


What a day for readers of JerryTechnicals !!!!


Nifty future bounced exactly from support mentioned.


CADILA cracked exactly from short level and crashed to 780 in 1 hour flat.


Any avid reader would have clocked a profit of 30,000 rupees within 3 hours of market open.


For tomorrow's trading, nifty future balance point is placed at 5510.


Supports are placed at 5480 and 5465.


Breakdown level is placed at 5450.


Breakdown targets are 5426, 5401 and 5375.


Resistances are placed at 5535, 5550.


Breakout level is 5565.


Breakout targets are 5590, 5615 and 5640.




NEXT: CADILA makes waves




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 Pick

CADILA HEALTHCARE

CadilaHC has shown reversal signs last week.


This week, cadilla will have huge resistance at 823.


Reversal from 823 will take the stock to 775 , 760.


Breakout level for the week for CadilaHC is 846.50. 


Break out targets are 878 and 892.


NEXT: Nifty future 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 TRADING PLAN


5575 is the balance point for nifty future for this week.


5650 and 5695 will provide strong resistances for nifty future.

For nifty future outlook to be positive it must cross 5735.


Break out targets for the week are 5810 and 5885.


On the down side, supports are placed at 5500 and 5450.


Break and trade below 5417 will invite trouble and market might tank to 5340 and 5265.




NEXT: Taking Stock




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 in indian stock market - A look at last week

Trading in Indian Stock Market


What a week for readers of jerrytechnicals. 


We started the week with a look at nifty chart (link) and a weekly pick (RCOM).


We forewarned readers about potential turn of market after RBI policy and it was


exactly what happened. Nifty crashed like nine pins.


RCOM broke 129.50 and crashed to 120 in a matter of hours. 


Any regular reader of this site would have made 20,000 rupees last week trading 


two lots(contracts) of nifty future and one lot(contract) of RCOM.




Join us tomorrow for analyzing nifty chart and weekly pick.

Indian Stock Market Daily Outlook

NIFTY FUTURE 28 JAN 2011


Readers of the blog would have minted the almighty dollar as nifty future crashed exactly from


MBP to the second target given. What a great selling by FIIs on expiry day !!!




As the February series starts, 5625 becomes the MBP.


Very strong supports exist at 5595 and 5580.


Break down level is 5565. Break below 5565 will lead to 5538 and 5515.




Reversal from support will take nifty future to 5655 and 5670.


Breakout level is 5687. Breakout targets are 5715 and 5740.




NEXT: A beautiful F&O  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

Indian Stock Market Daily Outlook

Nifty future January expiry levels




Market balance point for nifty future is placed at 5715 on expiry day.


5750 will be the resistance region.


5780 is the breakout level. Break out targets are 5803, 5830 and 5860.




Reversal from MBP / resistance will take nifty down to 5684 and 5665.




Break down level is 5649. Break down targets are 5621, 5590 and 5565.






NEXT: holiday list


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 Holiday

Today is a holiday for the Indian stock market.


For the list of holidays click here




NEXT: RBI Hikes rates

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK


RBI (Reserve Bank of India) is set to announce quarterly financial policy on Tuesday.

Readers would be well advised to adopt a wait and watch approach for trading tomorrow.


The balance point for nifty future is placed at 5745 tomorrow.


Resistance is placed at 5770.


Break out level is 5787.


Above 5787 nifty future will move to 5800 and 5815.




5720 will act as support for nifty future.


Break down level is 5710.


Breakdown targets are 5695, 5680 and 5665.




NEXT: Weekly pick






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 Pick

RELIANCE COMMUNICATION (RCOM)


RCOM has bounced from historical support levels.

In the coming week, RCOM will have strong support at 133.


IF stock takes support at 133,it will zoom to 139, 142 and 148.


On the other hand, break and trade below 129.50 will take the stock down to


126, 122 and 117.




NEXT: Nifty future 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 Outlook


The market balance point for nifty future is placed at 5730.


Supports for nifty future are placed at 5685 and 5670.


Break down level is 5664.


Break down targets are 5636, 5607 and 5577.

Resistances are placed at 5762 and 5780.


Break out level is 5801.


Break out targets are 5830, 5855 and 5870.




NEXT: Taking stock






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 in indian stock market - A look at last week

A look at last week


What a trading week for readers of jerrytechnicals.


Nifty traded the whole week between the balance point and resistance as stated in 
market outlook. Those who missed it can access it here


Our weekly trading pick was CORPORATION BANK. CORPBANK rocketed from our levels and moved to target zone . Readers would have made a killing in this scrip


Our next pick of the week was JSWSteel. JSW Steel came to long entry point and zoomed to the targets given in flat 3 hours.


Join me tomorrow where we will have a look at what nifty might to do next week
and explore trading setups for stocks and futures.




With just 3 trades, readers would have made upwards of 50,000 rupees this week. All this for free :-)


As the age old saying goes - 'Trade less but wise'






NEXT: A calm friday

Indian Stock Market Daily Outlook

NIFTY FUTURE 


Market balance point for nifty future is placed at 5715 for tomorrow.


Supports are placed at 5695 and 5675 respectively.


Break down level is placed at 5660.


Break down targets are 5634, 5608 and 5585.


Resistances are placed at 5745 and 5765 respectively.


Breakout level is 5778.


Breakout targets are 5805, 5835 and 5850.


NEXT: See how readers made a fortune on JSW Steel

Meanwhile Our pick of CORPBANK continues its uptrend.

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 Daily Outlook

NIFTY FUTURE OUTLOOK


The market balance point for today's trade is at 5727.


5709 and 5682 are the key support regions.


Break down level is 5667 below which nifty future will fall to 5649, 5625, 5615.


Nifty will get  resisted at 5762. 


Trading above 5777 indicates break out and nifty future will move to 


5792, 5805, 5825.




JSWSTEEL - Making waves 


JSWSTEEL  will have strong support at 1000 level today.


Break down level is 989.


Targets for long in JSWfuture at support : 1015, 1030, 1055




Trading below 989 stock correct to 978, 967.






NEXT: A look at CORPBANK








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 Daily Outlook

CORPBANK


               Readers of the blog would have minted the almighty dollar in CORPBANK 


trade as the stock moved up from balance point and went through the roof while call providers stop 


losses were being taken out elsewhere in a very volatile session of trading.  Expect the stock to do 


more fireworks in the coming days. Levels remain the same as written in this column


NIFTY FUTURE


                Nifty future literally spent the whole day yesterday at Market Balance point .


Readers may continue to use the levels given in this column for today's trading.




NEXT: A whopping 6 percent trade




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 Pick

CORPORATION BANK


Last week our weekly pick was GE SHIPPING. Let us check what happened to the stock.


We had asked readers to short the stock between 332 and 339 for target of 311.


Stock made a high of 336 and sharply reversed to 312 . 


A whopping profit of 25,000 rupees.


This week we are taking on corporation bank. Last week the stock bounced back from historical support levels. 


For this week CORPBANK will have strong resistance at 533 (Stock Balance Point) and 550 levels.


Break out point is 563. Break and trade above 563 will take the stock to 605, 619 and 650.


Targets for reversal from resistance or balance point levels : 485, 446.






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 Outlook




                     Bears knocked the wind out out of nifty last week.
What is in store for next week?

Market balance for nifty future is placed at 5640 next week.


Fibonacci confluence support exists at 5520 - 5500 level.


Close below this zone could be disaster and nifty can easily slip down to 5430, 5350 and 5285.




Resistance for nifty future will come in at 5705 and 5745.


Break above 5784 can be considered positive and nifty will move to 5850, 5925 and 5990.




Another week of  action in offing at dalaal street. Join us back every day where we will track the minutest detail of nifty moves.




NEXT: Laser precision levels


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 14-JAN-11

NIFTY FUTURE OUTLOOK


          Market balance point for today's trading is placed at 5775.


Support exists at 5735. Break below 5720 will take nifty to 5705, 5665, 5635.


Resistance for nifty is at 5815.


Break above 5830 will take nifty to 5865, 5900, 5940.




NEXT: BEARS ALL THE WAY

Nifty Future Trading 12-JAN-2011

NIFTY FUTURE OUTLOOK (12/01/2011)


What a day for traders yesterday. Just like it was predicted earlier in this column, market gyrated violently .




For today's trading, 5795 is the Market Balance Point.


Support are placed at 5750 .


Reversal from Market Balance Point or Support will take nifty to 5835.


Crossing yesterday's high of 5842, nifty will generate momentum and move to 5875, 5910 and 5930.




Trade below 5728 is huge sign of trouble and nifty will crash to 5695, 5650, 5625.






NEXT: A beautiful trading 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 11-JAN-11

NIFTY FUTURE OUTLOOK


           Jackpot to our readers who shorted nifty based on our weekly article.
Nifty is already close to targets given.

For today's trading, Market balance point is 5783.

Support is placed at 5746 and 5703.

Trade below 5695 is trouble for nifty and index could correct to 5675, 5655 and 5605.


Resistances are placed at 5815 and 5835.

Trade above 5840 will take nifty to 5880, 5924 and 5965.


NEXT: When the ship ran into icebergs


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 pick

GE SHIPPING - Whatz cooking?

GE Shipping reversed from upper bollinger band last week.


Following are the trading levels for GE Shipping for the next few days.




Resistance levels - 332, 339


Break out level : 345


Break out targets: 360, 372, 390.




Short targets for short entry at R1 or R2 : 311, 298, 280.




NEXT: Nifty Future 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 OUTLOOK




          After tanking on friday, how will the bulls react on dalal street next week. 


Let us examine nifty with the help of charts.

Market balance point for nifty future is placed at 5898 for the coming week.


Nifty will have very strong support at 5815 and 5775. 


Break down level is 5735. 


Break down targets are 5660, 5580, 5500.




On the other hand resistances for nifty are placed at 5975 and 6020.


6060 is the break out level.


Break out targets are 6145, 6200, 6250.




All in all it promises to be a week of wild movements next week. 
Ideally suited for traders.


We will follow the daily action nifty in this column. Join us back.






NEXT: Performance Tracker



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 in indian stock market - A look at last week

INDIAN STOCK MARKET TRADING - POSITIONAL TRADES DONE LAST WEEK




 Readers would have minted the almighty dollar in nifty future as it reversed from resistance 
level given in this column and crashed to all targets given.


An readers would have obtained a profit of 20,000 rupees on just 2 lots of nifty.


Those who missed the article can access it here.


We recommended two stocks this weak. 1) Sesa Goa 2) Nagarjuna Constructions.


SeasGoa, without moving to entry point, zoomed up. 


No trade would have been possible in this script.


Nagarjuna constructions on the other hand broke 142 and fell to 134 on the very same day. In fact 


with in a matter of hours. A clean profit of 11,000 rupees  taking the weekly gain to 31,000 rupees.




What a beautiful start to new year for jerry technicals.




SESAGOA: http://jerrytechnicals.blogspot.com/2011/01/indian-stock-market-weekly-pick.html

NAGARCONST: http://jerrytechnicals.blogspot.com/2011/01/indian-stock-market-outlook-05-jan-2011.html




Join us tomorrow for nifty analysis and pick of the week

No blogpost today

Due to technical reasons, the blog will not be updated today.

Nifty Trading 06-January-2011

NIFTY FUTURE OUTLOOK


   Readers who traded as per levels given here would have minted the almighty dollar in nifty future.


For today's trading :




Nifty future balance point: 6105


Resistance: 6120, 6145


Breakout: 6167


Break out targets: 6197, 6215, 6235.


Support: 6070, 6055


Break down: 6050


Break down targets: 6030, 6015, 5995




NEXT: A beautiful trading 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

Indian Stock Market Outlook 05-Jan-2011

Nifty Future trading plan


 Market Balance point is placed at 6182.15 today.


Nifty will be resisted at 6195 and 6227.


Break above 6240 can lead to 6265 and 6290.


Nifty will have strong support at 6160 and 6140.


Break below 6128 will lead to 6108, 6090 and 6060.




NEXT: A volatile 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

Indian Stock Market Outlook 04-Jan-2011

Nifty Levels to watch for:


Market balance point: 6180


Support: 6140


BreakDown: 6130


Break down targets : 6100, 5980




Resistance: 6227


Break out: 6238


Break out targets: 6255, 6275




Stocks to watch for:


 Nagarjuna Constructions (NAGARCONST): 


   Stock Balance point: 150
    
   Support: 146
   
   Breakdown: 142


   Break down targets: 138, 134.


   Targets for long trade: 155, 160, 167.




NEXT: Top Stocks 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

Top gainers and losers of 2010 (Stocks on NSE)

Top Gainers of  2010 (NIFTY)


1) Bajaj Auto -> 80.45%


2) TATAMOTORS -> 65.79%


3) SUNPHARMA -> 59.41%


(TATAMOTORS and SUNPHARMA were recommended multiple times in this blog 
last year )


Top Losers of 2010 (NIFTY)


1) SUZLON -> - 39.4%
2) RELINFRA -> - 26.5%
3) JPASSOCIAT -> - 25.5%






Top Gainers of 2010 (Junior NIFTY)


1) CUMMINS (85.26%)
2) BANKBARODA(73.65%)
3) SRTRANSFIN(72.39%)






NEXT: First trading pick of 2011

Indian Stock Market - Weekly pick

SESA GOA

SESAGOA

Sesa Goa is showing signs of bottoming out.




It is looking good for a swing trade.


Sesa can be bought in the range of 300 - 308 rupees.


Stop should be maintained at 284 on closing basis.


Targets will be 380 and 420 for this trade.




NEXT: Indian Stock market holiday list


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 Holiday list 2011

List of Holidays - 2011           Holidays Date Day 1 Republic Day 26th January, 2011 Wednesday 2 Mahashivratri 2nd March, 2011 Wednesday 3 Ram Navmi 12th April, 2011 Tuesday 4 Dr. Babasaheb Ambedkar Jayanti 14th April, 2011 Thursday 5 Good Friday 22nd April, 2011 Friday 6 Independence Day 15th August, 2011 Monday 7 Ramzan Id 31st August, 2011 Wednesday 8 Shri Ganesh Chaturthi 1st September, 2011 Thursday 9 Dassera 6th October, 2011 Thursday 10 Diwali Amavasya (Laxmi Pujan) 26th October, 2011 Wednesday 11 Diwali Balipratipada 27th October, 2011 Thursday 12 Bakri-Id 7th November 2011 Monday 13 Gurunanak Jayanti 10th November, 2011 Thursday 14 Moharum 6th December 2011 Tuesday

Source: www.bseindia.com

NEXT: Nifty future weekly levels