KISS - Keep it simple stupid

Trade like pro


         I have often been fascinated by people chasing after trading systems, spending their hard earned money,

 often to no avail. Couple of days back I introduced a new page on jerrytechnicals called nifty intraday chart.

See this page : link

It is very simple, basic system and the only quality one needs is discipline.

Just have a look at today's chart and the trading opportunities generated by this system.

Nifty intraday chart

It is as easy as it looks !!!.

NEXT: Nifty takes a pause


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 04-June-2010

NIFTY FUTURE

Just like what I had written yesterday (link) nifty moved above 5065 and rocketted to 5105.

For today's trading 5115 (again) till 5125 will hold the key for bears.

If nifty reverses from this level it will fall to 5075, 5040 and 5010.

On the other hand trading above 5136 will make nifty future really bullish and it might even move to 5168.

NEXT: Nifty 03-June-2010

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 03-June-2010

NIFTY FUTURE

5025 - 5045 is crucial resistance level for nifty future tomorrow.

Reversal from this zone will take nifty to 4985 - 4975 which is confluence support band .

5065 and 4965 can be considered as break out and break down levels for nifty future tomorrow.

A break out will see nifty moving to 5085 and 5105

On the other hand a break down from 4965 will see nifty falling to 4945, 4935 and 4905.

It could be a highly volatile day tomorrow with the support and resistance bands placed 60 points from each other.

NEXT : Nifty 02-June-2010

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 02-June-2010

NIFTY FUTURE

4980 will be critical resistance area for nifty future tomorrow.

Reversal from this level will make nifty future retest today's low of 4933 and may even fall uptill 4880.

4880 is the confluence support region . Breaking this level with volumes, bears will pound nifty to 4850 and 4825.

Inorder for nifty to attract bulls, it has to trade above 5025 with volumes.

If nifty is able to that, bears will forced to shut shop and nifty will rocket to 5080 tomorrow.

Everything is perfectly setup for thrill a minute trading.

Next : THE OPTIONS TRADER

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 01-June-2010

NIFTY FUTURE CHART

5070-5085 will be the key area to watch out for tomorrow's trading in nifty.

This is a confluence resistance area.

Reversal from this level will take nifty straight to 5040 and 5025.

Break if 5020 could induce correction to 4990 - 4985 tomorrow.

On the other hand, break and trade above 5085 with volumes will take nifty to 5115 (again :-)).

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 28-May-2010

NIFTY FUTURE TRADING PLAN

As we start a new series tomorrow, nifty futur will meet with stiff resistance at 5030.

Reversal from this level will take nifty to 5000, 4970, 4945.

However if nifty trades above 5060 it will move to 5085 and 5110.

4945 is the confluence support level for nifty future.

Break of 4920 with volumes will bring the bears back and they will knock nifty down to 4895.

NEXT : OPTIONS TO RICHES

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 27-May-2010

(NIFTY FUTURE)

Nifty future will will have strong support at 4890 - 4900 region today.

Break of 4870 will invite selling in nifty and it could move to 4855 and 4835.

On the other hand reversal from support region will open up exciting oppurtunities.

4945 is the first target area for reversal from 4890-4900.

4955 - 4960 will be resistance area for nifty today.

Trading above 4960 with volumes will take nifty future to 4980 and 4995.

Most Active Puts

Most Active Calls

Source : www.nseindia.com

NEXT: When resistance became support

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 26-May-2010

(NIFTY FUTURE DAILY)

ATR for nifty is approaching the resistance area as seen in the above chart.

Near term stochastics are approaching multimonth support area.

These are early signs that we might see a range contraction in nifty,especially with expiry just around the corner.

4840 will act as strong resistance for nifty future tomorrow.

Reversal from this level will take nifty to 4796 and 4776.

Break and trade below 4750 will invite panic selling to 4730 and 4710.

Trading with volumes above 4840 will bring cheers to bulls and they will move nifty to 4865, 4885 and 4910.

NEXT : Counting the targets

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 25-May-2010

Resistance band of nifty has shifted to 4940 - 4970 for tomorrow.

Reversal from these levels will take nifty future to 4885 , 4855 and 4830.

Bulls might decide to show up if nifty future crosses and trades above 5000.

Nifty might move to 5030, 5055 and 5080 in such a case.

NEXT: Options the true multibagger

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 24-May-2010

Nifty future will have strong support at 4915 tomorrow.

If nifty takes support at 4915, it will move to 4965 and 4990.

Trading above 4990 with volumes will take nifty t0 5015, 5030 and 5060.

If nifty breaks and trades below 4892, it will become weak and fall to 4870 and 4850.

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

Nifty Trading Plan 21-May-2010

NIFTY

4868 will be critical for nifty future today on the downside

If 4868 is not proteted, nifty can crack even upto 4735 , 4719 today.

Reversal from 4868 will take nifty future to 4915.

Resistance for the day is placed at 4945 - 4970.

For nifty future to be positive it must trade above 4995 with volumes.

NEXT: A meandering 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 20-May-2010

Nifty is approaching fibonacci confluence support level of 4886 and 4869.

If nifty reverses from these support levels it will move to 4945.

Breaking and trading below 4850 will invite trouble for nifty it could easily get knocked down to

4820 and 4795.

For nifty to turn bullish it must trade above 4975 with volumes.

If it manages to do that then it will move to 5005 and 5030.

NEXT: When support level became resistance - magic of charts

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-May-2010

Today's low in nifty future is critical for further upmove in nifty future.

Breaking and trading below 5017 with volumes will induce a correction upto 4980 and 4960.

On the other hand if support at 5035 holds nifty future will move to 5090.

5115 (again :-)) will be critical level for tomorrow.

Trading above 5115 with volumes, nifty future will rock to 5140, 5160 and 5180.

NEXT: Triangle Breakout

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 18-May-2010

Today's low of nifty future is extremely critical in the near future. Breaking and trading below 4957 , nifty future will

be knocked hard to 4932, 4905 and 4880.

On the other hand, extremely strong support exists at 5005. Reversal from support will take nifty future to 5045 and 5075.

Breaking and trading above 5080 will take nifty future to 5105, 5130 and the logical extension target of 5158.

NEXT: When 5020 ruled 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.

Nifty Trading Plan 17-May-2010

5043 is confluence support level for nifty future tomorrow.

Reversal from 5043 will take nifty future to 5100 and 5152.

5207 is critical level for bulls tomorrow. Break out above 5207 will take nifty future to 5245.

Breaking and trading beloe 5020 will invite selling in nifty future and index might correct to 4985 and 4950.

NEXT: Indian stock market 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 13 May 2010

Today's support for nifty future is placed at 5115 (again :-).

Trading above 5177 with volumes will take nifty to 5197, 5215 and 5240.

On the other hand break and trade below 5080 will cause nifty to correct to 5045 and 5020.

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 12 May 2010

If nifty trades above 5162 tomorrow it will blast to 5190 and 5207.

Bulls will be in trouble only if nifty future trades below 5080.

Doing so index can , pull back to 5100 and fall to the extent of 5069, 5050 and 5032.

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 May 2010

Just as I had written in weekly outlook., nifty made an explosive move after crossing 5115 and attained the first weekly target of 5190.

Tomorrow nifty future will have tremendous support at 5178.

if 5178 support holds nifty future will move to 5228 and 5258 (again :-)) .

Trading above 5281 will pull in reluctant bulls and index will move to 5338.

Break below 5140 will invite selling and nifty future will correct to 5110 and 5080.

NEXT: THE POWER OF 5115

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 07 May 2010

Tomorrow is a big day for nifty future. Nifty is on the verge of testing out 200 day moving average which is at 4959.

5025 will act as strong support for nifty future.

Real trouble will start when nifty future trades below 5005 with volumes.

It could free fall to 200 day moving average easily.

Nifty will trade in the positive zone only above 5075.

In case of that happening, nifty future can move to 5095, 5115 and 51535.

NEXT : The Tricky 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.