Reliance Industries 20 MAY 2013

RELIANCE INDUSTRIES - A FIBONACCI PERSPECTIVE

As per Fibonacci study, RELIANCE has closed above critical resistance level and is about the buckle the downtrend which started last week of January 2013.

Chart

Trading Strategy

I would accumulate RELIANCE in the range 830 - 820 with stop loss of 815 on closing basis for targets 880 - 900 in short term positional trade.



Disclaimer:

This is not to be interpreted as a trading recommendation. This is a personal trade shared for educational purpose only. Risk of all trades remains with reader of this blog.

Indian Stock Market Daily Outlook

NIFTY FUTURE TRADING IDEA 15-JUNE-2011
Readers would have been saved lot of heartburn, as nifty did not hit my buy or sell level in what was a terrible day for trading
Today's trading idea:


Buy nifty future around 5495 with with stop loss of 5490 for targets 5510, 5520, 5540.

Reversal targets: 5480, 5460, 5430.


Short sell nifty future around 5530 with stop loss of 5540 for targets 5520, 5500, 5490.






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

Indian Stock Market Daily Outlook

NIFTY FUTURE 31/05/2011




Readers who bought nifty future would have made 2500 rupees in two lots of trading yesterday


as nifty reversed exactly from 5445.




Trading idea for today:


1) Short nifty future around 5485 with stop loss of 5500 for targets 5470, 5455, 5445
     Reversal targets 5515, 5525, 5550


2) Buy nifty future around 5445 with 5430 as stop loss for targets 5460, 5475, 5485.
     Reversal targets: 5415, 5400, 5380.

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

Weekly Outlook Indian Stock Market

NIFTY FUTURE - WEEKLY

Nifty future CMT level has moved to 5445.

Nifty will have resistance at 5480 level next week.

Trading above 5495 will take nifty to 5545 and 5600.

On the downside 5430 and 5400 will be support level for nifty future.

Break and trade below 5367 will invite trouble for bulls and index will correct to 5250 and 5225.

NEXT: Best of last week

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.

Best of last week

Nifty future exactly reversed from resistance area mentioned in my weekly post.

Link:

Where did the reversal end ? Yes exactly at the first target .

Gold reversed from exactly the short level and hit our first target.

Link:

RELINFRA short would have already yielded money for the aspiring reader.

Link:

We answered a query from a reader on IOB

Link:

Our investment pick of TATA INVESTMENT rocked on the upside

Link:

Get the word out. Share with your friends:

Weekly outlook Indian stock market

NIFTY FUTURE WEEKLY CHART

Nifty closed exactly at the continous moving pivot CMT level of 5442.

For the coming week, resistance is placed at 5475 - 5490 levels.

Trading above 5497 with volumes will take nifty future to 5540 and 5560 this week.

5400 - 5410 is the support region for nifty future.

Break and trade below 5390 will invite trouble for bulls and index will correct oto

5355, 5330 and 5300 this week.

Did you like the above post ? Why not send it to your friends ?

NEXT: Investment pick

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.

Weekly outlook Indian stock market

NIFTY FUTURE

Nifty future is precariously placed in weekly chart.

The divergences in short term indicators are really playing havoc for bulls.

5388 is pivot level for nifty future next week.

Resistance is placed at 5420 level.

Breakout is above 5435. Breakout targets are 5455, 5495, 5510.

Reversal from pivot/ ressitance level will take nifty future wto 5350 which is the support level for the week.

5340 is breakdown level.

Break down targets are 5320, 5300. 5280 and 5240.

Did you like the above post ? Why not send it to your friends ?

NEXT: Investment pick

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.

Weekly outlook Indian stock market

NIFTY FUTURE

Last week we had written that first support for nifty is at 5360 and reversal from this level

will take nifty future to 5467. Those who missed this post can read it here.

The low of nifty future was 5350 and high was 5476. It cannot get more precise than this.

For the coming week, 5467- 5476 will again act as huge resistance for nifty future.

Breakout targets are 5500, 5520 and 5548.

First support for nifty will be the pivot at 5430.

After this nifty could go into corrective mode and hit 5399.

Trading below 5385 could invite trouble for bulls and index will correct to 5365, 5345 and 5300.

NEXT: Bears crash the party

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 21-July-2010

NIFTY FUTURE

We had written yesterday that short term indicators are in negative divergence mode and sure enough,

bulls decided to take to out some profit today. The index corrected exactly to support mentioned in this forum

at 5353.

For tomorrow, the all crucial pivot level is placed at 5370.

Reversal from this pivot level will take nifty future to 5336.

Crack below 5323 will take nifty future to 5303 and 5280 levels.

Resistance for tomorrow is placed at 5405 and breakout will be above 5417.

Targets for breakout will be 5435 and 5455.

NExT : A prediction of impending correction

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 20-July-2010

NIFTY FUTURE

Readers who followed our chart based sell of sunpharma would have printed the almighty dollar today

as it crashed to 2nd target of short within no time.

For tomorrow, nifty future's critical pivot level is 5389.

Support for nifty is placed at 5353 and below 5340 nifty will fall to 5320, 5300 and 5280.

Trading below 5280 could be detrimental for nifty as it can crash to 5245 and 5195.

Overhead resistance for nifty will come in at 5421 and above 5435 nifty will zoom to 5455, 5475 and 5490.

With the short term indicators in strong negative divergence mode, it remains to be seen, how long bulls can

keep the momentum going.

NEXT: THE GOLDEN SHORT

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

Indian stock market weekly outlook

NIFTY WEEKLY OUTLOOK

Nifty has closed below weekly pivot level of 5400.

First support for nifty will come in at 5360 area.

Following are the support pivot levels for nifty for the coming week.

S2 : 5333

S3: 5312

S4: 5292

S5: 5258

Looking on the otherside, if nifty trades above the pivot level of 5400, it will move to 5440.

5467, 5487 and 5508 are further targets for nifty if the momentum favours bulls.

As usual we will be tracking nifty everyday here with our daily trading plan.

Next: Trading technique for rangebound days

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 01 July 2010

NIFTY FUTURE TRADING PLAN

Crucial support exists at 5260 region.

Breaking and trading below this level with volumes will take nifty future to 5235, 5215, 5195.

Reversal from support region will take nifty future to 5305.

Resistance region for nifty future is 5340.

Trading above 5350 with volumes, nifty future will move to 5380 and 5400.

NEXT: Nifty 30 June

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 30 June 2010

NIFTY TRADING PLAN

As written in this column yesterday, cracks developed in nifty future and fell to all targets given.

For tomorrow 5275 is the critical level to watch out for.

This level will see tussle between bulls and bears to obtain control.

5207 is the support level tomorrow.

Trading below 5207 with volumes nifty future will move down to 5185, 5165 and 5135.

For nifty future to move into positive mood, it must trade above 5308 with volumes.

In such a case nifty might move to 5320 and 5340.

NEXT : http://jerrytechnicals.blogspot.com/2010/06/nifty-29-june-2010.html

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 29-June-2010

NIFTY TRADING PLAN

As written in this column yesterday, 5290.35 decided the move of nifty future today.

On the eod chart, nifty has broken out of a flag pattern.

However, short term indicators are in divergence with price.

5365 will be critical level for bulls tomorrow.

Crossing and trading above 5375 with volumes, nifty future will move to 5395 and 5405.

On the other hand , 5300 has become critical level to watch for all long trades.

5300 PE witnessed quite some addition of OI today indicating that in the near term 5300

will decide the direction of nifty future.

Break and trade below 5295 with volumes will take nifty to 5275 and 5255.

NEXT: Nifty June 28

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 29-June-2010

NIFTY FUTURE

The all important pivot level in nifty future is 5290.30.

5320 - 5340 is the resistance zone . Trading above this zone with volumes, nifty future will move to

5370 and 5390.

5280 - 5260 will be the support zone for nifty future.

Break and trade below 5260 with volumes will induce correction in nifty to the extent of 5240 and 5225

NEXT: Best of last week

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 25-June-2010

NIFTY FUTURE

Just as we had written yesterday , nifty traded in narrow range moving from exactly

our support region to our resistance region.

Our pick of MCDOWELL is printing the allmighty dollar as written here

Day after expiry, expect nifty to give direction by breaking out from range.

The all important pivot is placed at 5319.55 in nifty fuutre for today.

5345 will be resistance area and 5356 will represent breakout zone.

Breakout targets will be 5375, 5390 and 5405.

Support for nifty future is placed at 5290.

Break and trade belw 5280 with volumes will induce correction and nifty will move to 5265, 5245 ad 5225.

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 24-June-2010

NIFTY FUTURE TRADING PLAN

As expected it was a narrow trading range for nifty future with expiry just around the corner.

5330 is the all important pivot level for nifty on expiry day.

5355- 5360 will act as strong resistance.

Trading above this level could see nifty moving to 5380-5390.

Similarly 5300 - 5315 will act as support region for nifty.

Trading below this level could see nifty moving to 5275.

Volumes indicate another narrow range day.

An expiry without fireworks ?? Let us wait and see tomorrow.

NEXT: NIFTY OUTLOOK 23rd June

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.