Nifty Outlook 30-July-2009

Flashback

Readers who went long in JPA at 236 would have printed out the almighty dollar as JPA moved to 242 before giving up gains.

Readers who shorted nifty future on break of 4515 would have bought the minting press as nifty crashed nearly 100 points from entry.

Another expiry day beckons, with a promise of even more volatility.

Bear Level

Short nifty future at 4535 with stoploss at 4565 for targets 4495, 4435, 4395, 4375.

Bull Level

1) Buy nifty future at 4375 with stoploss at 4350 for targets 4405, 4435, 4480.

2) In the scenario of nifty future crossing 4610 , buy on retracement to 4570 with stoploss at 4540 for targets 4630, 4650, 4690

As usual there are no stock recommendations for expiry 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.

Nifty Outlook 27-July-2009

Bull Level

Buy nifty future around 4525 with stoploss at 4490 for targets 4560, 4600, 4620.

Bear Level

In the scenario of nifty future breaking 4490 short with stoploss of 4527 for targets 4455, 4420, 4400.

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.

Profit Tracker 20July2009-24July2009

Nifty outlook 24-July-2009

Sultan to decide market direction. Tomorrow is RIL result day. This will decide the immediate direction of indian stock market.

Bear Level

Short nifty future at 4635 with stoploss at 4665 for targets 4581, 4520, 4490, 4440

Bull Level

Buy nifty future at 4430 with stoploss at 4400 for targets 4490, 4510, 4530

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 22-July-2009 - Trading the SOLAR ECLIPSE

Flashback

Nifty traded in a narrow range of 4506-4439. Readers who went long at 4445 would have taken home in their kitty all but 12 points of that range as nifty moved from buy level to 4499.

Bull Level

In the scenario of nifty future crossing 4530 buy at retracement to 4505 with stoploss at 4480 for targets 4560, 4590, 4630

Bear Level

In the scenario of nifty future breaking 4409 short at retracement to 4425 with stoploss at 4455 for targets 4380, 4340, 4300.

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 20-July-2009

Bull Level

Buy nifty future around 4330 with 4299 as stoploss for targets 4375, 4395, 4430.

Bear Level

1) In the scenario of nifty future breaking 4299 short at retracement to 4325 with 4351 as stoploss for targets 4280, 4255, 4220.

2) Short nifty future around 4435 with stoploss at 4465 for targets 4395, 4375, 4340.

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 16-July-2009

Flashback

Readers who went long in herohonda and short in hdfcbank would printed out the almight dollar.

Nifty future triggered stoploss though, thereby spoiling an otherwise perfect day.

Bear Level

In case of gap up, short nifty future at 4291 with stoploss at 4321 for targets 4240, 4205, 4165.

Bull Level

In case of flat or gap down opening buy nifty future on retracement to 4205 with stoploss at 4175 for targets 4250, 4290, 4315.

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 15-July-2009

Flashback

Readers who went long near 4035 as i had writen would have printed out the almighty dollar as nifty moved to 4135, just 5 rs shy of third target of 4140.

Bear Level

Short nifty future around 4205 with stoploss at 4235 for targets 4165, 4135, 4095.

Bull Level

Buy nifty future around 4070 with stoploss at 4043 as stoploss for targets 4135, 4165, 4205

Herohonda - Darling of Bulls

Buy HEROHONDA future at 1395 with stoploss of 1380 for targets 1435, 1450, 1475.

HDFCBANK - Sweetheart of Bears

Short HDFCBANK future at 1382 with stoploss of 1400 for targets 1325, 1295, 1250.

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.

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 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

Nifty Outlook 08-July-2009

Flashback

Neither nifty nor DLF triggered buy/sell levels given yesterday

Bear Level

Short nifty future around 4240 with stoploss at 4265 for targets 4185, 4155 , 4120

Bull Level

Buy nifty future around 4120 with stoploss at 4098 for targets 4175, 4210, 4240.

There are no stock recommendations for tomorrow

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 07-July-2009

Bull Level

Buy nifty future around 4055 with stoploss at 4020 for targets 4160, 4205, 4260

Bear Level

Short nifty future around 4260 with stoploss at 4295 for targets 4205, 4160, 4055

Special Note: Due to expected volatility, if one of the trades taken (either long or short), goes well, resist from doing the other trade.

DLF - Feed the bears

DLF has broken key support levels today.

For tomorrow trading, short DLF at 325 with stoploss at 337 for targets 288, 265, 235.

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 06-july-2009 till 10- july-2009

Last week's outlook

Nifty

The resistances for nifty are placed at 4500 and 4550 for this week. 4240 has become key support level for nifty below which a fall to 4090 shall be inevitable.

Once we have the budget, there's quite good chance that there will be a new trading range setup for nifty.

Sultan of Stocks - Reliance

Last week RIL turned exactly from resitance level and came down to almost support level.

For this week RIL resitances are placed at 2090 and 2125 while supports are placed at 1990 and 1950.

King of banks - SBIN

As per my weekly analysis last week, SBIN bounced exactly from first support level and hit the second resistance level on friday.

For this week, SBI resistances are placed at 1840 and 1890 respectively while supports are placed at 1760 and 1705

New Kid on the Block - LT

As i had writen last week, LT was hammered to 1540 from where the trend reversed and moved to the second resistance level.

This week LT resistances are placed at 1635 and 1690. Inablity to trade above first level means L&T can reverse sharply to 1540 and 1500.

Nifty Outlook 03-June-2009

Flashback

Readers who went long as per bull level would have booked a loss as volatility destroyed a good long trade.

Bull Level

Buy nifty future around 4262 with stoploss at 4240 for targets 4315, 4330, 4370

Bear Level

Short nifty future around 4375 with stoploss at 4400 for targets 4330, 4315, 4275

Because of the expected volatility, no stock is recommended for tomorrow.

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 02-July-2009

Flashback

Readers who went long near the long level of nifty would have printed out the almighty dollar as nifty zooomed to third target of 4360 in a virtual ly straight line.

The adventurous trader who went short at 4360, the short level would have bagged home close to 60 points.

ABAN was set on fire at 850 and comfortably surpassed the second target given.

Bull Level

In the scenario of nifty future crossing 4367 buy at retracement level of 4350 with 4320 as stoploss for target 4390, 4415, 4440.

Bear Level

Short nifty around 4440 with stoploss at 4465 for targets 4410, 4370, 4340.

There are no stock recommendations for tomorrow.

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 01-July-2009

Flashback

Readers who went short near bear level would have printed out the almighty dollar as nifty crashed to achieve all targets on the downside.

Although ACC crashed to the targets given, readers may not have been able to take advantage of it as it came nowhere near short level of 810.

Bull Level

Nifty is near key fibonacci support level of 4235 .

In case of gap down buy nifty at 4228 with stoploss at 4190 for targets 4301, 4330, 4360

Bear Level

In case of flat opening short nifty future around 4360 with stoploss at 4385 for targets 4301, 4270, 4230.

ABAN - Will the support , support ABAN

ABAN has strong support at 850 and tomorrow this support might get tested in a gap down scenario.

For wednesday trading, buy ABAN at 850 with 833 as stoploss for targets 874, 900, 930.

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 30-June-2009

Flashback

Readers who went short in nifty at opening near the shortlevel would have booked closed to 50 points profits before nifty reversed direction.

Bear Level

Short nifty future around 4425 with stoploss at 4455 for targets 4375, 4340, 4300

Bull Level

In the scenario of nifty future crossing 4455 buy at retracement level of 4425 with stoploss at 4390 for targets 4465, 4485, 4505

Feed the bears -ACC

ACC has made reversal from a high resistance zone.

For tuesday trading, short ACC around 810 with stoploss at 823 for targets 790, 771, 755.

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 29-June-2009

Bull Level

Buy nifty future around retracement level of 4305 with stoploss at 4280 for targets 4345, 4380, 4400.

Bear Level

Short nifty future around 4400 with stoploss at 4425 for targets 4360, 4330, 4300.

There are no stock recommendations for tomorrow.

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.

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Weekly Outlook 29th June - 03 July 2009

Nifty

Nifty has closed in a high resistance zone. 4445 is the first resistance of nifty for the coming week and second resistance is placed quite close at 4490.

On the support side, 4290 and 4250 should offer good supports below which nifty can fall to this weeks low of 4155.

Sultance of Stocks - Reliance

As i had writen last week, RIL came under huge bear attack.

For this week resistances for RIL are placed at 2065 and 2100 while strong support exists at 1955 below which RIL can test long term support of 1875.

King of Banks - SBIN

As i had writen last week, SBIN went into a small trading range.

This week SBIN will have resistances at 1785 and 1820 while supports exist and 1710, 1655.

New Kid on the Block - L&T

Due to new float rule, L&T takes the spot of ONGC in my weekly analysis. Hope readers will appreciate this change.

L&T will have huge resistance at 1640 and 1670. Inability to trade above first resistance level will mean L&T getting a bear attack to support levels of

1600, 1570 and 1540