Canara Bank Trading idea 29th October

CANARA BANK(NSE: CANBK, BSE: 532483)

      

CANARA BANK is looking weak on charts.

Short sell CANBK around 432 with stop loss of 443 on closing basis for targets 412-407.

Time frame: 1- 3 days.

All rates are cash level. Trade in future with reference to cash rates

For more such calls with clear levels, SL and targets join us at www.jerrytechnicals.com

 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 news letter. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss 

NEXT

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 26-04-2011




Nifty future balance point: 5910


Nifty future resistances: 5920


Breakout level: 5940


Breakout targets: 5955, 5975


Support: 5870, 5860.


Break down: 5845.


Breakdown targets: 5825, 5800 and 5785.

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

Indian Stock Market Daily Outlook

NIFTY FUTURE TRADING PLAN 21-APR-2011




 Nifty supports for the day 5860, 5840.


Nifty resistances for the day: 5880, 5895




Upside targets: 5925, 5950, 5970.


Downside targets: 5800, 5785, 5755




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

Indian Stock Market Daily Outlook

NIFTY FUTURE DAILY OUTLOOK




Nifty supports: 5745, 5730


Nifty Resistances: 5775, 5795


Nifty downside targets: 5700, 5655, 5625.


Nifty upside targets: 5825, 5855, 5875.






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

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 23-02-2010


  

Market balance point: 5448

Support: 5420

Breakdown level: 5398

Breakdown targets: 5375, 5355, 5335.


Resistance: 5475

Breakout: 5500

Breakout targets: 5520, 5545, 5560.


NEXT: 22 Feb


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

Indian Stock Market Daily Outlook

NIFTY FUTURE 22-02-2011


           Due to global markets, nifty might open gap down at 5467.


5450 is strong support for nifty.


Breakdown level is 5430.


Break down targets are 5400, 5370 and 5340.


Reversal from support level will take nifty to 5500, 5530 and 5545.


Break and trade above 5567 will take nifty to 5595.


Trade above 5600 will introduce momentum and nifty will move to 5635 and 5655.




NEXT: 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

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK


                       Where will nifty end up on settlement day?
As usual let us depend on charts study.

Nifty will get resisted at 5480 - 5520 region next week.


Reversal from this level will take nifty down to 5385, 5330, 5260 next week.


On the other hand if nifty trades above the resistance band, it will move to 


5580, 5640 and 5675.


Nifty might even try and trade above 5705, which could the be ultimate target for 
nifty this week.




NEXT: A look at last week




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

Indian Stock Market Weekly Outlook

NIFTY FUTURE AT CRITICAL LEVELS


Market is riffed with rumors.  Nifty makes a spectacular comeback on Friday.


As traders, what should we do? As always we fall back on charts to give us clear picture.

Fibonacci projections indicate the possible levels that nifty future will move to next.


For the upcoming week, nifty future will be centered at 5310.


Strong support will come in at 5280.


Failure to hold 5280 will take nifty future to 5215, 5155, 5120 and 5085.




Resistance is placed at 5355.


Break above 5370 will lead nifty future to 5425, 5470 and 5520.






NEXT: TAKING STOCK




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

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK


Nifty is placed at historical support for next week.

Nifty future balance point is placed at 5445.


Supports are placed at 5385 and 5360.


Break down level is 5330.




Break down targets are 5285, 5235.




Resistances are placed at 5495 and 5525.


Break out level is 5555.


Break out targets are 5605, 5655.




NEXT: Taking Stock






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

Indian Stock Market Daily Outlook

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

Indian Stock Market Daily Outlook

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

Indian Stock Market Daily Outlook

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

Indian Stock Market Daily Outlook

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

Indian Stock Market Weekly Pick

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

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY TRADING PLAN


5575 is the balance point for nifty future for this week.


5650 and 5695 will provide strong resistances for nifty future.

For nifty future outlook to be positive it must cross 5735.


Break out targets for the week are 5810 and 5885.


On the down side, supports are placed at 5500 and 5450.


Break and trade below 5417 will invite trouble and market might tank to 5340 and 5265.




NEXT: Taking Stock




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

Indian Stock Market Daily Outlook

NIFTY FUTURE 28 JAN 2011


Readers of the blog would have minted the almighty dollar as nifty future crashed exactly from


MBP to the second target given. What a great selling by FIIs on expiry day !!!




As the February series starts, 5625 becomes the MBP.


Very strong supports exist at 5595 and 5580.


Break down level is 5565. Break below 5565 will lead to 5538 and 5515.




Reversal from support will take nifty future to 5655 and 5670.


Breakout level is 5687. Breakout targets are 5715 and 5740.




NEXT: A beautiful F&O  expiry








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

Indian Stock Market Weekly Pick

RELIANCE COMMUNICATION (RCOM)


RCOM has bounced from historical support levels.

In the coming week, RCOM will have strong support at 133.


IF stock takes support at 133,it will zoom to 139, 142 and 148.


On the other hand, break and trade below 129.50 will take the stock down to


126, 122 and 117.




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

Indian Stock Market Weekly Outlook

Nifty Future Weekly Outlook


The market balance point for nifty future is placed at 5730.


Supports for nifty future are placed at 5685 and 5670.


Break down level is 5664.


Break down targets are 5636, 5607 and 5577.

Resistances are placed at 5762 and 5780.


Break out level is 5801.


Break out targets are 5830, 5855 and 5870.




NEXT: Taking stock






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

Indian Stock Market Weekly Outlook

Nifty Future Weekly Outlook




                     Bears knocked the wind out out of nifty last week.
What is in store for next week?

Market balance for nifty future is placed at 5640 next week.


Fibonacci confluence support exists at 5520 - 5500 level.


Close below this zone could be disaster and nifty can easily slip down to 5430, 5350 and 5285.




Resistance for nifty future will come in at 5705 and 5745.


Break above 5784 can be considered positive and nifty will move to 5850, 5925 and 5990.




Another week of  action in offing at dalaal street. Join us back every day where we will track the minutest detail of nifty moves.




NEXT: Laser precision levels


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

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK




          After tanking on friday, how will the bulls react on dalal street next week. 


Let us examine nifty with the help of charts.

Market balance point for nifty future is placed at 5898 for the coming week.


Nifty will have very strong support at 5815 and 5775. 


Break down level is 5735. 


Break down targets are 5660, 5580, 5500.




On the other hand resistances for nifty are placed at 5975 and 6020.


6060 is the break out level.


Break out targets are 6145, 6200, 6250.




All in all it promises to be a week of wild movements next week. 
Ideally suited for traders.


We will follow the daily action nifty in this column. Join us back.






NEXT: Performance Tracker



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