BLOODBATH ON DALAAL STREET
We had written last week's outlook that nifty future might tank to 5340.
What a crushing blow dealt by bears !!!!
Any reader who traded nifty future as per our levels would have made 20,000 rupees in just two lots
of nifty future.
LINK
Our weekly pick was Cadila Healthcare. Stock crashed from short level to target with 30 minutes leaving our readers richer by 30,000 rupees.
LinK
Yet another great week for readers of JerryTechnicals. All this for free :-)
Is you call provider worth your money?
Meanwhile join us tomorrow where we will chart out the path for nifty next week and
provide trading idea(stock/future) for next week.
Nifty future outlook 04-Feb-2011
A reader wrote on facebook "Sooooper Jerry, both support and tgt 3 is achieved. congrats. keep going"
Perfectly sums up the day for readers of JerryTechnicals.
Nifty future made a smart reversal despite ridiculously high inflation numbers.
Market balance point is placed at 5535.
Support for nifty future is placed at 5510 and 5490.
Breakdown level is 5475.
Breakdown targets are 5450, 5425.
Resistances are placed at 5570 and 5585.
Breakout level is 5605.
Breakout targets are 5630, 5655, 5680
NEXT: Welcome back bulls
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 Future Outlook
Nifty future balance point is placed at 5450.
Support is placed at 5420.
Breakdown level is placed at 5405.
Breakdown targets are 5390, 5370 and 5355.
Resistance is placed at 5475.
Breakout level is 5495.
Breakout targets are 5515, 5530 and 5542.
NEXT: Bears rule the roost
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 FUTURE OUTLOOK (02-FEB-2011)
What a day for readers of JerryTechnicals !!!!
Nifty future reversed exactly from resistance mentioned and crashed.
For today's trading, nifty future balance point is placed at 5415.
However global cues indicate that market might gap up and open around resistance level of 5460.
Breakout level is 5480. Break out targets are 5510, 5540, 5570.
Supports for nifty future are placed at 5380 and 5360.
Break down level is 5340 and targets are 5310 and 5280.
NEXT: Classic reversal
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 FUTURE OUTLOOK (01-FEB-2011)
What a day for readers of JerryTechnicals !!!!
Nifty future bounced exactly from support mentioned.
CADILA cracked exactly from short level and crashed to 780 in 1 hour flat.
Any avid reader would have clocked a profit of 30,000 rupees within 3 hours of market open.
For tomorrow's trading, nifty future balance point is placed at 5510.
Supports are placed at 5480 and 5465.
Breakdown level is placed at 5450.
Breakdown targets are 5426, 5401 and 5375.
Resistances are placed at 5535, 5550.
Breakout level is 5565.
Breakout targets are 5590, 5615 and 5640.
NEXT: CADILA makes waves
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
CADILA HEALTHCARE
CadilaHC has shown reversal signs last week.
This week, cadilla will have huge resistance at 823.
Reversal from 823 will take the stock to 775 , 760.
Breakout level for the week for CadilaHC is 846.50.
Break out targets are 878 and 892.
NEXT: Nifty future 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
