Readers who went long in nifty future today at 5410 will have made a profit of 2500 rs in two lots of future. Considering the fact that nifty traded in a narrow range of 40 points, we were able to capture 25 points of that move @jerrytechnicals.
Trading idea for today's trade: JSWSTEEL
Short sell JSWSteel around 940 with stop loss at 951 for targets 929, 922, 915.
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
What a trading week for readers of jerrytechnicals.
Nifty traded the whole week between the balance point and resistance as stated in market outlook. Those who missed it can access it here
Our weekly trading pick was CORPORATION BANK. CORPBANK rocketed from our levels and moved to target zone . Readers would have made a killing in this scrip
Our next pick of the week was JSWSteel. JSW Steel came to long entry point and zoomed to the targets given in flat 3 hours.
Join me tomorrow where we will have a look at what nifty might to do next week and explore trading setups for stocks and futures.
With just 3 trades, readers would have made upwards of 50,000 rupees this week. All this for free :-)
As the age old saying goes - 'Trade less but wise'
Meanwhile Our pick of CORPBANK continues its uptrend.
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