RELIANCE CAPITAL 22-JAN-2013

NSE BSE STOCK MARKET OUTLOOK 22-JAN-2013

An intraday trading opportunity has come up in RELCAPITAL.
See the below chart.

Buy RELCAPITAL around 487 with stop loss 482 for targets 493-498.


For Nifty and more such stocks email us at jerryetchnicals@gmail.com

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Disclaimer: This is not a recommendation/ solicitation of any order to buy or sell, but my view on indian stock market. I assume no responsibility for any opinion or statement made in this postr. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Indian Stock Market Weekly Outlook 1st October 2012

BULLS CONTINUE TO RULE
       As we discussed in our last post, we were long in JINDALSTEL, SUNTV and TVS MOTORS.
All 3 stocks outperformed to give superior returns.

We tried short selling also with mixed results. We made huge money in Oriental Bank of Commerce while lost money in JSWSTEEL short.

SO where is market headed? 
All technical indicators are in positive zone and some of them even in the overbought zone. 

On the daily chart some divergences have started to show up. 

Does this mean we are ready to short the market?

At JerryTechnicals we will follow market wherever it goes. Our readers will watch two levels for next week.

1) 5870 - This is the near term target from which market can go into correction mode. 

2) 5640 on NF and 5600 on Nifty spot. Close below these levels will take the index down to 5355-5250  levels.

What are the stocks to keep watch on:

1) TATASTEEL - This stock looks like it will come out of trading range and give a huge move in next 2 weeks.

2) AXIS BANK - High Beta stock- Keep trading the direction of Nifty. 


One should avoid preempting the market at this stage. Go with the flow is our take.


For more details and questions how you can profit from clear cut trading ideas contact us at jerrytechnicals@gmail.com

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Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK(9th MAY- 13th MAY 2011)


Nifty future pivot is placed at 5465 next week.

Resistances are placed at 5595 and 5640.


Sustaining above 5655 will take nifty to 5730, 5770, 5830.




On the downside, break of 5380 will indicate huge trouble for nifty and index will correct to  5333, 5290 and 5200.

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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