Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK

Nifty future supports for the week are placed at 5825 and 5800 levels.


Break below 5760 will put the entire up move at risk and nifty will fall to 5690. 5665 and 5625.


Nifty future resistances for the week are placed at 5900 and 5925.


Trade above 5950 will restore bullishness in nifty and it will move to 6025, 6075, 6125.

NEXT

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

How much money can a trader make in a week ?

Learn Technical Analysis and Earn

Last week I had posted 3 stocks for trading.

LIC Housing, Reliance Infra and State Bank of India.

Those who missed it can access it here.

Let us do a quick calculation on how much a trader would have made in last week.

				Total	27625
Stock	Type of Trade	Entry	Exit	LotSize	Net	Remarks
SBIN	Long	2795	2950	125	19375
RELINFRA	Long	1037	1055	250	4500
LICHSGFIN	Long	1224	1202	250	-5500	SL Hit
LICHSGFIN	Short	1202	1165	250	9250

The gain from these stocks stand at Rs. 27625.

Add to this the long on nifty future from 5510 till 5600 as per weekly nifty outlook.

The gain from nifty is 100* 90 = Rs 9000.

The total gain for a reader of this blog this week is 36600/- excluding brokerage and levies.

Now this is what we call @ JerryTechnicals as "Minting the almighty dollar".

NEXT: Enjoy the trading holiday

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