Indian Stock Market Daily Outlook

NIFTY TRADING PLAN 08-MAR-2011


              Concerns on DMK withdrawing support for UPA govt weighed heavily on nifty as it opened gap down and moved down before a smart recovery towards close.


For tomorrow's trading nifty will find good support at 5450 level.


Reversal from this level will take nifty to 5475, 5500 and 5525.


5525 will be strong resistance level. Trading above this will take nifty to weekly targets
mentioned in yesterday's column.


Today's low of 5400 will be critical for nifty future in days to come.


Breaking 5400 will take nifty future down to short targets mentioned in weekly outlook.




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




Nifty future will have strong support at 5520 and 5480 next week.

Reversal from  these levels will take nifty future to 5600, 5640 and 5690.

Break out level is 5750.

Break out targets are 5820, 5890.


Break down level is 5435.

Breakdown targets are 5375, 5340, 5290.


NEXT: friday blues

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 13-October-2010

NIFTY FUTURE TRADING PLAN


                Nifty pivot is placed at 6117 for today's trading.


Above 6117 nifty will move to 6135 and 6155, which are strong resistances for the day.


Breakout level is 6171. Above  this level nifty will move to 6195 and 6210.




Support exists for nifty at 6080.


Break an trade below 6064 will take nifty to 6048, 6030 and 6015.




NEXT: Reversal from pivot




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


Last week, just like what was written in this column, nifty future moved to 6245 and gave up 


all the gains and fell to the support of 6100. Readers who missed last week's column can access it 

here.


As per Fibonacci time zones, next week could be a very interesting week. See the chart below,

It is very clear from the above chart that whenever nifty enters the time zone, volatility increases. 


For the coming week, nifty future pivot is placed at 6138.


Resistance is at 6185.  Trading above 6207 will restore bullishness in nifty and it will move to 


6245, 6280 and 6300.


Support level for nifty future is placed at 6105. Break and trade below 6090 will invite bears to 


have a good week and they will thrash nifty to 6050,  6015 and 5970.




NEXT: Should we buy IDFC INFRASTRUCTURE BONDS?






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


  Last week I had written that 5962 will be strong support for nifty future.


Nifty low was exactly 1 point above the support level.


Those who missed last week's article can access it here.

For next week, nifty future pivot is placed at 6140. 


6180 is the resistance for NF. 6195 is BO point for nifty next week.


Trading above 6195 nifty future will move to 6245 and 6299.


6300 to 6344 is historical resistance zone. 


On the down side, support for nifty this week is at 6100 level.


Break and trade below 6075 will indicate trouble and nifty will correct to 


6025, 5965 and 5910.






NEXT: Making money in unitech




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