Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK

Nifty future closed a bit above pivot level at 5625.

For the week ahead, nifty future will be resisted at 5660.

Break and trade above 5675 will take nifty future to 5695, 5715 and 5740.

Support for nifty future is placed at 5590.

Break and trade below 5575 will take nifty future to 5555, 5535 and 5505.

NEXT: Money talks

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 pivot is placed at 5465 this week.

5500 will be huge resistance in the coming week.

If nifty is able to cross and trade above 5510, it will move to 5535, 5555 and 5575.

Support for nifty future is placed at 5433 this week.

However break and trade beloe 5419 will induce a trend change in nifty,

In such a case, nifty future will move to 5395, 5370 and 5350.

NEXT: Best of last week

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

Weekly Outlook Indian Stock Market

NIFTY FUTURE WEEKLY ANALYSIS

Nifty traded between support and resistance level mentioned in this column last week.

Those who missed the article can access it here (link).

For the week ahead the pivot level is placed at 5435.

Expect nifty to test this level in monday morning trade itself.

5467-5476 will act as strong resistance region for nifty future.

Cross and trade above 5481 will induce positive vibes and nifty future

will move to 5520, 5550 and 5590.

Reversal from resistance region will take nifty down to 5400 levels.

5370 - 5398 is support region for nifty future.

However break of 5363 will indicate a crack and nifty will slide to

5338, 5300 and 5265.

NEXT:BEAR FRIDAY

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

Are you a subbroker ? Jerrytechnicals has a special plan for small and medium subbrokers.

Please contact us at jerrytechnicals@gmail.com for more details.

Best of Last week

We anticipated the turn at 5375, provided a TA lesson on picking strong stock (McDowell) and

predicted a flat expiry.

Given below are the most popular posts from last week.

Weekly stock market outlook

Spirit of Leadership

A flat 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.

Best Of Last Week

• The sheer power of 5162. We identified the critical level for the week. We know what happened later

Read the post here

• A lesson in technical analysis for identifiying trend of stocks. M&M made a 9% move last week.

• The upward journey

http://jerrytechnicals.blogspot.com/2010/06/indian-stock-market-outlook-16-june.html

http://jerrytechnicals.blogspot.com/2010/06/nifty-trading-plan-17-june-2010.html

This week's most popular posts

This week we identified the support at 4950 and ran our long position till our favourite level of 5115.

• Weekly outlook - which identified 4950 as support and 5115 as resistance.

• Short at confluence resistance are using options

• The power of 5065

Best of this week

This Week's Most Popular Posts



This week we entered short at 5017, identified a trend change based on ATR and made a fortune on F&O expiry day

•  Weekly Analysis

                       § which identified 5017 - 5040 as crucial resistance area from which nifty corrected to 4750.

•  Analysis implemented using options

                     § A whopping 133.33% return

•   Identification of trend reversal using ATR

                     Need to cover shorts

•  Best Expiry Day Ever            

                        § An amazing return of 187.5% on 4900 CE

• Mail me your comments at Jerry

Weekly Index Outlook 27-July-2009 - 31-July-2009

Nifty

Nifty's further move depends on how market reacts to lacklusture numbers by RIL on friday evening.

Nifty weekly resistances are placed at 4611-4660 and 4785 while weekly supports are placed at

4485, 4380, 4285.

Sultan of stocks - Reliance

As traders we should expect one sided movement in RIL this week.

On the bullish side closing above 2055 will take RIL to 2200 this week.

On the bearish side closing below 1950 will take RIL to 1805 this week.

King of Banks

SBI could not follow up with an impressive performance last week.

In the weak ahead, SBIN needs to firmly close above 1750 inorder to move to 1830.

Failing to do so, SBI is in danger of a fearful bear attack to 1650 and 1580 levels.

Weekly outlook June 15 - June 19

NIFTY

Nifty has made a long legged doji on weekly charts.

For next week nifty resitances are placed at 4670 and 4750 while supports are placed at 4475 and 4365.

Sultan of Stocks - Reliance Industries

Reliance has closed in a high resitance zone this week.

Unable to trade above weekly resistance level of 2395, bears will attack RIL and take it down to 2155 and 2090

King of Banks - SBI

If SBI .is unable to trade above 1695 next week, expect SBI to drift down to support level of 1540 and 1500

Oil Barron - ONGC

Weekly resistance for ONGC are placed at 1150 and 1200 while weekly supports are placed at 1060 and 1025.

Weekend Analysis of Index biggies

Sultan of Stocks - RIL

RIL found it impossible to penetrate and trade above 61.8 expansion level last week. This week, RIL will run into huge resitances at 2315 and 2375. Unable to trade above the first resistance level will be first sign of weakness in RIL and it can correct to weekly support levels at 2000 and 1950.

King of Banks - SBI

SBI was the strongest index stock last week retaining most of the gains it made on monday. For this week resistances for SBI are placed at 1875 and 1950 while supports are placed at 1590 and 1520.

Oil Barron - ONGC

ONGC was quite the star last week. In doing so, ONGC has moved to 61.8 retracement of the fall from its all time high and therefore at huge resitance levels. This week ONGC will have huge resitances at 1130 and 1180 levels. If ONGC is unable to cross first resitance level, it can easily correct to support levels of 980 and 920.