Indian Stock Market Weekly Outlook 1st October 2012

BULLS CONTINUE TO RULE
       As we discussed in our last post, we were long in JINDALSTEL, SUNTV and TVS MOTORS.
All 3 stocks outperformed to give superior returns.

We tried short selling also with mixed results. We made huge money in Oriental Bank of Commerce while lost money in JSWSTEEL short.

SO where is market headed? 
All technical indicators are in positive zone and some of them even in the overbought zone. 

On the daily chart some divergences have started to show up. 

Does this mean we are ready to short the market?

At JerryTechnicals we will follow market wherever it goes. Our readers will watch two levels for next week.

1) 5870 - This is the near term target from which market can go into correction mode. 

2) 5640 on NF and 5600 on Nifty spot. Close below these levels will take the index down to 5355-5250  levels.

What are the stocks to keep watch on:

1) TATASTEEL - This stock looks like it will come out of trading range and give a huge move in next 2 weeks.

2) AXIS BANK - High Beta stock- Keep trading the direction of Nifty. 


One should avoid preempting the market at this stage. Go with the flow is our take.


For more details and questions how you can profit from clear cut trading ideas contact us at jerrytechnicals@gmail.com

NEXT

Indian Stock Market Holiday

Update on trades

     Today 19-SEP-2012 is a holiday for NSE and BSE.

Following are list of holidays for the year (source: www.bseindia.com)

List of Holidays - 2012           Holidays Date Day 1 Republic Day 26th January 2012 Thursday 2 Mahashivratri 20th February 2012 Monday 3 Holi 8th March 2012 Thursday 4 Mahavir Jayanti 5th April 2012 Thursday 5 Good Friday 6th April 2012 Friday 6 Maharashtra Day 1st May 2012 Tuesday 7 Independence Day 15th August 2012 Wednesday 8 Ramzan Id 20th August 2012 Monday 9 Ganesh Chaturthi 19th September 2012 Wednesday 10 Mahatma Gandhi Jayanti 2nd October 2012 Tuesday 11 Dussera - Vijaya Dashmi 24th October 2012 Wednesday 12 Diwali Amavasya (Laxmi Pujan)* 13th November 2012 Tuesday 13 Diwali Balipratipada 14th November 2012 Wednesday 14 Gurunanak Jayanti 28th November 2012 Wednesday 15 Christmas 25th December 2012 Tuesday

So what have been doing this week so far? 

Absolutely nothing :-)  

We bought JINDALSTEL at 340. Stock rocked to 400+ levels. We booked

We bought SUNTV at 308. Stock rocked to 335+ levels. We have partly booked. 

We have entered new position in TVS MOTORS. 

Apart from these nothing else. We specifically asked our readers not to trade Nifty on Monday and Tuesday.

As the great traders of the past have taught us - One needs to know when not to trade too!!!

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and 

sniper trades. Why not join us? Contact us for trial  (for a trial request, kindly email us jerrytechnicals@gmail.com) 

NEXT

Indian Stock Market Outlook For Week Starting 17 SEP 2012

NDIAN STOCK MARKET OUTLOOK FOR WEEK STARTING 17 SEP 2012

Our  weekly pick of LICHSGFIN rocked the charts last week.

Our daily subscribers made a ton of money in JINDAL STEEL in a buy and hold trade.

With FED announcement, diesel price hike, FDI in retail and aviation, proposed RBI rate cut, market condition is bullish at its best.

Where is Nifty headed?

        Immediate resistance for Nifty is at 5700 Nifty future level.

What are the stocks we will trade this week?

                  IGL - Indraprastha Gas LTD - 240 is key level. As long as stock doesn't close below this level, long trades with targets 300-320.

Entry for our subscribers.

For intraday trading we will look at AXISBANK, TATAMOTORS.

JETAIRWAYS, BHARTIARTL.

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and 

sniper trades. Why not join us? Contact us for trial  (for a trial request, kindly email us jerrytechnicals@gmail.com) 

NEXT

Indian Stock Market Outlook For Week Starting 10 SEP 2012

Indian Stock Market Outlook For Week Starting 03 SEP 2012

Last week our traders booked huge profit in JUBLFOOD. Our SL was triggered in Centrury Textiles.

Nifty Traders  all around the world should only for one number now. 5472.
This is the golden level.

Entry, SL and target for our registered users.

We are looking for long trade in LIC Housing Finance this week.

We are also looking for short trade in JSW Steel this week.

For intraday trading, we will be looking to trade ICICIBANK, RELINFRA, AXISBANK, TATAMOTORS and Century Textiles.

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and sniper trades. Why not join us? Contact us for trial 

NEXT 5257 rocks

Market Outlook 05-SEP-2012

Market Outlook 05-SEP-2012

We wrote yesterday that 5257 is crucical level for NIfty Future. Saw how Nifty future took support around that level and moved up?

Our premium readers minted in Maruti long.

5257 remains crucial level as market will open gap down today. 

Our weekly pick of JUBLFOOD continues to rock like a rocket!!!!

Today our picks are DLF for a long trade and TATASTEEL for a swing long trade.

200 is critical level for DLF.

NEXT: 5257 and MARUTI

Market Outlook 04 SEP 2012

Market Outlook 04 SEP 2012

Readers who traded with our levels yesterday would have made huge money in NIFTY, ACC and ICICIBANK.

Today will be a very tricky day to trade. 

In experienced traders should stay away.

5257 is crucial level in Nifty future today.

We have recommended long trade in MARUTI for our premium readers/

Our Weekly pick of JUBLFOOD is running away.

NEXT: ACC, ICCIBANK

ACC, ICICIBANK 03 SEP 2012

Sep 03 2012  Trading ideas:

 Today we are planning to trade ACC and ICICIBANK.

ACC
1325-1330 is huge resistance for ACC.

Chart above is self explanatory  and is inviting sell trade.

SL and targets for our premium readers.

Join us now


ICICIBANK

We have been short selling ICCIBANK from 960- 990 levels.

We will still continue to short sell till stock shows signs of reversal on chart.

ICICI will face strong resistance in 923-932 area from now on.



SL and targets for our premium readers.

Join us now

NEXT; WEEKLY OUTLOOK

Market Outlook 03 September 2012

Indian Stock Market Outlook For Week Starting 03 SEP 2012

Where is Nifty headed? We have presented to our subscribers of JerryTechnicals how the scenario will unfold last week itself. Whole world was bullish. We gave our readers clear instruction to short the market. Will the trend continue ?

This week 5300 spot level is crucial. Reversal from this level will take us to 5100.

Entry, SL and target for our registered users.

What happens at 5100? We will have an update when market hits 5100.

Do come back to check on it.

Additionally we are being very stock specific this week.

We are looking for long trade in JUBLFOOD and short trade in CENTURY TEXTILES.

For intraday trading, we will be looking to trade ICICIBANK, RELINFRA, AXISBANK, TATAMOTORS.

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and sniper trades. Why not join us? Contact us for trial 

NEXT: Performance matters. Nothing Else