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

Chart Study - State BANK of India

Chart Study - State Bank of India

From daily chart, it is clear that SBI is at a critical level.

In the coming week, if SBI trades above 2118 with volumes, it will give a beautiful swing long trade.

The next resistances for SBI come in only at 2214 and 2260.

We will be entering the trade with a risk reward ratio of 1: 3 in case SBI trades above 2118 with volumes.

Next : Bank 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.

Weekly Outlook 10-August-2009 till 14-August-2009

Weekly Outlook post format is undergoing change. Do leave your opinion on the new format.

Nifty

Weekly Resistance Levels

R5 4771

R4 4739

R3 4670

R2 4600

R1 4542

Weekly Support Levels

S1 4428

S2 4400

S3 4341

S4 4299

S5 4271

Bank Nifty

Weekly Resistance Levels

R5 7763

R4 7632

R3 7569

R2 7499

R1 7404

Weekly Support Levels

S1 7263

S2 7197

S3 7123

S4 7104

S5 6942

Reliance - King of Stocks

Weekly Resistance Levels

R5 2199

R4 2161

R3 2123

R2 2085

R1 2057

Weekly Support Levels

S1 1975

S2 1949

S3 1910

S4 1860

S5 1800

Last week's outlook

Last week's profit tracker

Weekly Index Outlook 27-July-2009 - 31-July-2009

Nifty

Nifty's further move depends on how market reacts to lacklusture numbers by RIL on friday evening.

Nifty weekly resistances are placed at 4611-4660 and 4785 while weekly supports are placed at

4485, 4380, 4285.

Sultan of stocks - Reliance

As traders we should expect one sided movement in RIL this week.

On the bullish side closing above 2055 will take RIL to 2200 this week.

On the bearish side closing below 1950 will take RIL to 1805 this week.

King of Banks

SBI could not follow up with an impressive performance last week.

In the weak ahead, SBIN needs to firmly close above 1750 inorder to move to 1830.

Failing to do so, SBI is in danger of a fearful bear attack to 1650 and 1580 levels.

Nifty Outlook 17-June-2009

Flashback

Nifty high was 4291 which happened to be nifty short level too. Readers would have enjoyed the fall till buy level of 4205, from where

readers would have enjoyed the ride to 4270.

Bear Level

Short nifty future at 4237 with 4265 as stoploss for targets 4175, 4135, 4080.

Bull Level

Buy nifty future at 4080 with stoploss at 4050 for targets 4135, 4175, 4200.

King of banks - SBI - Only for Bears

SBI has reversed from weekly resistance level.

For friday trading short SBI at 1621 with stoploss at 1638 for targets 1580, 1555, 1520

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.

Index and Biggies - Weekly Outlook 13th July - 17th July 2009

Nifty

Supports for nifty are placed at 3850 and 3640 this week.

If nifty is able to test the first support successfully it can test the reistance levels at 4190 and 4250.

I had a writen last week about how 4170 has become critical confluence support. Nifty has closed significantly below that level.

Sultan of stocks - Reliance

Reliance will run into strong resistances at 1840 and 1870 this week. Strong support for RIL exists at 1685.

However failure to hold the first support will result in RIL getting thrashed to 1590 and 1460.

King of Banks - SBI

Weekly reistances for SBIN are placed at 1650 and 1670 this week. 1450 should provide good support for SBI failing which SBI can fall

to 1320 and 1150.

New Kid on the block - LT

LT is in danger of going to sub 1000 level if it is unable to trade above 1500 this week. Small supports do exist at 1280 and 1160.