NIfty Trading Plan 09-September-2010

NIFTY FUTURE OUTLOOK

As written in this column, nifty future reversed from resistance and fell in a straight line.

For today's trading, pivot remains at 5596. Resistance is placed at 5630.

I have mentioned this before, there is a lot of fibonacci confluence resistance at 5640 level.

Only if nifty trades above 5647, further upmove can be expected.

In such a case it can move to 5667, 5687 and 5700.

Reversal from pivot or resistance can take nifty future to 5560 which is strong support area.

For nifty future to be weak, it must break and trade belwo 5545. In such a case bears will hammer

nifty to 5525 and 5500.

NEXT: Reversal from resistance

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 08-September-2010

Nifty outlook

After achieving all the weekly targets, nifty went into a narrow range today.

LIC broke 1202 and is already close to target 1.

5590 is the pivot level tomorrow for nifty future.

5625 is the resistance area.

Reversal from either pivot or resistance will take nifty to 5555.

Break and trade below 5540 will invite trouble and index will move to 5520 and 5500.

For nifty to trade in green, it must cross and trade above 5640.

NEXT: nifty pauses

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 07-September-2010

NIFTY FUTURE OUTLOOK

Readers who traded long above 5510 as per weekly outlook would have

minted the almighty dollar as nifty zoomed to achieve all targets given.

Those who missed this article can access it here.

In our weekly basket of stocks RELINFRA and SBIN are outperforming.

LIC Housing, is yet to take off.

For today's trading, 5565 will be the pivot level for nifty future.

Nifty future will have strong resistance at 5602. Crossng 5616 nifty will move to 5640

which is the confluence level for multiple fibonacci resistances.

Support for nifty future is placed way down at 5533. Breaking 5518 nifty will move down to

5495.

NEXT: STOCKS THAT ZOOM

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

BEST OF LAST WEEK

Weekly outlook: The center piece of our trading activities at JerryTechnicals.

All the action during the week is a subsystem of this.

A beautiful short trading plan

We are traders. The very next dat we will go long and make money.

A very good week for readers of jerrytechnicals.

We are invested in tata investments and finolex cables and are currently

in swing long trade of unitech.

Nifty trading plan 03-September-2010

NIFTY OUTLOOK

Pivot level for nifty future is at 5492 today.

5525 is expected to be resistance area and above 5540 nifty future will

blast to 5560, 5580 and 5600.

On the downside, 5457 will act as strong support for nifty.

Break and trade below 5442 will lead to correction and

nifty will move to 5422, 5402 and 5380.

NIFTY: THE GREAT LONG TRADE

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 02-September 2010

NIFTY FUTURE OUTLOOK

Nifty traded at our resistance level for 2 hours, moved to 5412 and then zoomed.

Crossing our breakout level of 5441, there was no stopping bulls, just like what we

had written yesterday in this column. Nifty then proceeded to hit our target 2 in

a matter of minutes.

For tomorrow's trading the pivot level is placed at 5468.

Resistance is placed at 5502 and above 5518 the bull saaga will continue and

nifty will move to 5535, 5535 and 5575.

Support level is placed at 5435.

For nifty to slip into the negative, it must trade below 5421.

In such a case, nifty future will move to 5400 and 5380.

NIFTY: THE GREAT LONG TRADE

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-September 2010

NIFTY FUTURE TRADING PLAN

Readers who went short in nifty as per yesterday's column would

have minted the almighty dollar as nifty reversed from pivot level

and fell all the way to first target.

Pivot level for tomorrow is placed at 5380.

Support will come in at 5360.

Reversal from support or pivot level will take nifty future to 5425 which will

act as resistance for nifty.

Trading above 5441 will induce a change in nifty trend and bulls will nifty to

5460, 5480 and 5505.

Break and trade below 5346 will indicate continuing weakness and index will correct to

5325, 5305 and 5280.

NEXT: THE REVERSAL FROM PIVOT

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