Indian Stock Market Daily Outlook

Indian Stock Market Daily Outlook

NIFTY FUTURE  29-04-2010


Supports are placed at 5755 and 5740.


Break below 5730 could indicate trouble and nifty will move down to 5715, 5700 and 5675.


Resistances are placed at 5795, 5815.

Break above 5822 will move nifty to 5840, 5860, 5905.

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

Trading in indian stock market - A look at last week

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.

Indian Stock Market - Weekly pick

GE SHIPPING - Whatz cooking?

GE Shipping reversed from upper bollinger band last week.


Following are the trading levels for GE Shipping for the next few days.




Resistance levels - 332, 339


Break out level : 345


Break out targets: 360, 372, 390.




Short targets for short entry at R1 or R2 : 311, 298, 280.




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

Dow Jones Index Technical Analysis

Technical Analysis of Dow Jones Index DJIA

Last week i had writen that only above 10569 Dow trend will turn positive.

Last week's high was 10549 from where it crashed 200$.

If one looks at the recent swing of Dow, one can see fibonacci cluster zones

at 10350 and 10550. So these two levels can be considered as Make or Break for dow next week.

Trading above 10550, upper fibonacci extension targets are 10715, 10790 and 10815.

Trading below 10350, lower projection targets are 10240, 10165, 10095.

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.

Dow Jones Technical Analyis

I had writen in http://jerrytechnicals.blogspot.com/2009/11/technical-analysis-dow-jones-djia.html

that 10420 to 10500 will be supply zone for dow as per charts. See where dow reversed from :-)

For Dow short term trend to move to positive now, a close above fibonacci resitance zone of 10569 is absolutely

essential. Will the bulls be able to pull that one off ?? Only time will reveal.

For now Dow looks all set to attain logical targets of 10105, 9773 and 9845 in the coming week.

As mentioned earlier, only a close above 10569 will turn the short trend back to positive for dow.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on 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.

Technical Analysis Dow Jones - DJIA

This week Dow made a high of 10341 which was just as per what i had writen last week

http://jerrytechnicals.blogspot.com/2009/11/technical-analysis-of-dow-jones-djia.html.

Looking at the daily chart of dow, after a furios upmove on comaparitively low volume,

negative divergence has started to develop in almost all indicators. As i had writen last week,

the negative divergence in weekly indicators is scary, to say the least.

However what is going positive on long side is the momentum indicator which tells there

might a bit more steam left in the rally.

In this week look out for the region of 10420 - 10500 which as per charts, is expected to be supply zone for

dow. Failing to close above these levels will mean dow will test 10120 this week. Below 10120

strong support exists at 9910 region which is fibonacci confluence level.

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.