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

Nifty Future Trading 12-JAN-2011

NIFTY FUTURE OUTLOOK (12/01/2011)


What a day for traders yesterday. Just like it was predicted earlier in this column, market gyrated violently .




For today's trading, 5795 is the Market Balance Point.


Support are placed at 5750 .


Reversal from Market Balance Point or Support will take nifty to 5835.


Crossing yesterday's high of 5842, nifty will generate momentum and move to 5875, 5910 and 5930.




Trade below 5728 is huge sign of trouble and nifty will crash to 5695, 5650, 5625.






NEXT: A beautiful trading day


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 Trading Plan 11-JAN-11

NIFTY FUTURE OUTLOOK


           Jackpot to our readers who shorted nifty based on our weekly article.
Nifty is already close to targets given.

For today's trading, Market balance point is 5783.

Support is placed at 5746 and 5703.

Trade below 5695 is trouble for nifty and index could correct to 5675, 5655 and 5605.


Resistances are placed at 5815 and 5835.

Trade above 5840 will take nifty to 5880, 5924 and 5965.


NEXT: When the ship ran into icebergs


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 Trading Plan 19-November-2010

NIFTY FUTURE OUTLOOK


   Readers of the blog  would have minted the almighty dollar in nifty future


in yesterday's trade as nifty reversed from resistance to support and from support 


to resistance. Those who were unlucky to miss out yesterday's article can access the 


same here.


Readers who entered weekly short in RELINFRA would be richer by Rs 20,000 on a 
single lot of trade as the stock crashed to 971. 


Those who missed the article can access it here.


For today's trading market balance point is placed at 6020.


5983 is strong support level for nifty future today.


Reversal from 5983 will take nifty to 6055, 6075 and 6105.








Break below 5955 will indicate that yesterday's upmove was a flash in the pan 


and nifty will nose dive to 5915. 5900-5895 remains the last line of support for nifty 


below which expect nifty to fall to 5845 and 5825 in no time.

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

NEXT: Money Tree

Nifty Trading Plan 18-November-2010

NIFTY FUTURE OUTLOOK


          The market balance point for nifty future is placed at 5985 tomorrow.


If nifty takes support at this level and reverses, it will move to 6020, 6045.


Break out will be above 6066 and targets for the BO are 6105 and 6145.


Trade below 5960 will take nifty to 5945 and 5920.


Last line of support is 5900.


If this support doesn't hold nifty will move down to 5865 and 5825 in no time.




NEXT: Yet another holiday

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 Trading Plan 16-November-2010

NIFTY FUTURE OUTLOOK 


  Readers who short sold RELINFRA at 1055 today would have minted the almighty dollar
as the stock crashed to 1020.


Those who missed the article can access it here.


For tomorrow's trading, the market balance point for nifty future is placed at 6120.


Support for nifty is placed at 6085.


Break below 6070 will invite trouble and nifty will 6050 and 6030.


Break below 6010 is serious trouble and nifty will tank to 5960.




Resistance for nifty future is at 6160.


Break and trade above 6178 will take nifty to 6198, 6210 and 6230.




NEXT: Nifty 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

Nifty Trading Plan 08-October-2010

NIFTY FUTURE OUTLOOK


      Nifty future reversed from pivot level mentioned in this column yesterday 


and then crashed to short targets. 


For tomorrow's trade Nifty future pivot is moved to 6157.


Support level is 6115. Break and trade below 6100 will be disastrous for nifty and 


it will move down to 6085, 6060 and 6040.


Resistance level for nifty is at 6195. For nifty to trade in positive zone it must 


cross break out level of 6207.


In doing so nifty will move to 6230 and 6255.




NEXT: 'Precisionfull' target


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

No Post today

Due to technical reasons, levels and trading ideas are not updated today