Nifty Trading plan 30-November-2010

NIFTY FUTURE OUTLOOK


               Nifty future market balance point is at 5841 for today's trading.


Support for nifty future is at 5810-5805.


Break below 5790 will induce correction and nifty will move down to 5755,  5725.


5870-5880 will be the resistance level for nifty future today.


Trading above 5891 nifty future will move to 5910, 5930 and 5950.






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

Swing Trade Pick : UNITECH : Update

Readers who went long in UNITECH at 81 would be laughing all the way to the bank.


Unitech blasted its way through resistances and closed at 94.4 on firday.


Those who missed the article can access it here.

A trade in unitech cash using 3000 shares itself would have given the reader a profit of 
39,000 rupees.


All this entirely free of cost at jerrytechnicals. Is your paid site giving you this much returns?




NEXT: DLF on the move

Indian Stock Market Weekly Outlook

Nifty Future Weekly Outlook

Nifty future has closed above weekly pivot level of 5502.

Supports for nifty future are at 5495, 5456 and 5429.

Trade below 5401 will be open invite for bears to smash nifty to 5365, 5315 and 5300.

On the other hand 5535 will be resistance for nifty future.

5547 is breakout for nifty future and nifty will move to 5585, 5600 and 5635.

Given that the week ahead is settlement week, it will be really interesting to see how

nifty pans out.

As usual we will be tracking the curves and lines of nifty on a daily basis here.

Do comeback and track us.

NEXT: Initiating coverage

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

Are you a subbroker ? Jerrytechnicals has a special plan for small and medium subbrokers.

Please contact us at jerrytechnicals@gmail.com for more details.

The best of last week

Most popular links last week

RELIANCE exactly reversed from near our resistance level and crashed to

first target. This happened at a time when fund houses and technical analysts were

shouting 'buy buy' for RIL.

Link

Readers of jerrytechnicals would have just said 'bye bye'.

We started our coverage for 'TATA Investment Company'.

Link

The stock still trades above our buy price.

We are waiting patiently to enter this trade.

Nifty is a narrow range. We predicted the same will happen.

Link

Nfty crossed above BO level and moved to target 2 .

That was the only trade for weekly traders in nifty.

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