Profit Tracker 06-July-2009 - 10-July-2009

Note:

No trading levels were triggered on 06 and 07 July.

The profit tracker is based on the assumption that one contract of stock future and two contracts of nifty future are traded.

Nifty Outlook 10-July-2009

Flashback

Nifty triggered short stoploss. LITL from short level crashed to 350. ABIRLANUVO from long level moved up in a straight line to 812. All in all readers of the blog would have had a good day at the dalal street.

Infosys Result

Consensus in media seems to be Infosys coming out with 10% to 13% hit in net profit.

As a result we could have a strong range expansion in nifty tomorrow.

Bull Level

Buy nifty crossing 4130 with stoploss at 4090 for targets 4215, 4265, 4320

Bear Level

Short nifty future around 4095 with stoploss at 4130 for targets 4005, 3950, 3900.

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 Outlook 09-July-2009

Flashback

Nifty opened 1.5% down and triggered long SL.

Bear Level

In the scenario of NF breaking 4050 short with stoploss of 4075 for targets 4016, 3982, 3942.

Bull Level

1) Buy nifty future around 3940 with stoploss at 3915 for targets 3982, 4016, 4035.

2) In the scenario of nifty future crossing 4128, buy with stoploss at 4099 for targets 4170, 4195, 4220.

LITL - Only for BEARS

For thursfay trading, short LITL around 365 with stoploss at 376 for targets 344, 335, 320

ABIRLANUVO - Only for Bulls

For thursday trading, buy ABIRLANUVO around 760 with stoploss at 730 for targets 805, 825, 845