Nifty Trading Plan 29-JUL-2010 Expiry day

NIFTY FUTURE

Readers who shorted nifty future as per yesterday's levels would have made good money.

Tomorrow is expiry day, and contrary to usual business nifty future might present

a nice oppurtunity to trade.

5400 is pivot level for tomorrow.

5430 will be strong resistance area and 5447 is breakout level.

Breakout targets are 5468, 5485 and 5510.

On the other hand support lies at 5365 tomorrow.

Break and trade below 5355 will invite all round selling and nifty could crash to 5340, 5325 and 5310 tomorrow.

NEXT: Shorting the nifty future

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 28-JUL-2010

NIFTY FUTURE

Nifty future will have have strong support at 5400 today.

Break and trade below 5386 will result in 5365, 5345 and 5320.

5435 is the pivot for nifty future today.

Resistance is around 5470 and 5482 will be breakout point.

Breakout targets are 5501, 5520 and 5545.

NEXT: Striking gold in gold

Nifty trading plan 27-Jul-2010

NIFTY FUTURE

Readers who traded short as per our weekly analysis would have printed the almighy dollar

as nifty reversed from our resistance area and crashed like 7 pins.

Those who missed this article can access it here

Nifty future will have strong support at 5392 tomorrow.

Trading below 5380 will invite trouble for bulls and index will correct to 5360, 5340 and 5320 tomorrow.

Nifty future pivot is placed at 5430 for tomorrow's trading.

Resisatance is placed at 5465 and breakout is above 5476.

Breakout targets at 5495, 5515 and 5540.

NEXT: WEEKLY GOLD 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

NiftyTrading Plan 22-July-2010

The unstoppable bulls

Bulls were back in style today at dalal street taking nifty exactly to the resistance level

mentioned in this column.

For tomorrow, the crucial pivot level is placed at 5445.

5480 is the resistance level and 5490, the breakout level.

Breakout targets are 5510, 5530 and 5550.

Nifty should find support around the 5400 mark.

Trading below 5395 will invite selling and nifty will correct to 5380, 5360 and 5340.

Will it be a day on which bulls decide to have a field day or will bears crash the party ?

Let us wait and watch.

NEXT : ONLY BULLS ALLOWED

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 22 - July -2010

NIFTY FUTURE

The whole of yesterday was a colossal waste of time for nifty traders as it traded in a

a super narrow range. One of those days where not trading would have made money .

Fo today's trading in nifty future, 5400 is the central pivot level.

Support is placed around 5360 .

Break below 5355 will lead to 5335, 5315 and 5295.

Resistance is placed around 5440.

Trading above 5448 will take nifty future to 5470, 5490 and 5508.

NEXT: A rangebound 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