Market Outlook 05-SEP-2012

Market Outlook 05-SEP-2012

We wrote yesterday that 5257 is crucical level for NIfty Future. Saw how Nifty future took support around that level and moved up?

Our premium readers minted in Maruti long.

5257 remains crucial level as market will open gap down today. 

Our weekly pick of JUBLFOOD continues to rock like a rocket!!!!

Today our picks are DLF for a long trade and TATASTEEL for a swing long trade.

200 is critical level for DLF.

NEXT: 5257 and MARUTI

Indian Stock Market Weekly Outlook

Stocks for trading in the coming week




RELINFRA
            
           IF relinfra future breaks 1037 , it can retrace to 1055.


Trading idea is short at retracement and hold for targets of 1025, 1002 and 985.


1068 can be maintained as stop for this trade.




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

MCX Gold Weekly Outlook - 12 April 2010 till 17th April 2010

GOLD

We had writen at 16290 will be strong support for Gold.

Gold exactly reversed from around 16290 and rallied 600 rupees from there.

What a great long trade !!!

GOLD

For the week ahead Gold will take support at 16724 if it needs to continue the upmove.

Reversal from 16724 will take Gold to 16890 and 17030.

Trading above 17035 with volumes next avenues for Gold are 17170 and 17292.

On the other hand breaking and trading below 16650 with volumes, Gold can give up all the gains of last week

and fall to 16381 , 16260 and 16120 in the coming week.

NEXT: BANK 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.