Market Outlook 04 SEP 2012

Market Outlook 04 SEP 2012

Readers who traded with our levels yesterday would have made huge money in NIFTY, ACC and ICICIBANK.

Today will be a very tricky day to trade. 

In experienced traders should stay away.

5257 is crucial level in Nifty future today.

We have recommended long trade in MARUTI for our premium readers/

Our Weekly pick of JUBLFOOD is running away.

NEXT: ACC, ICCIBANK

ACC, ICICIBANK 03 SEP 2012

Sep 03 2012  Trading ideas:

 Today we are planning to trade ACC and ICICIBANK.

ACC
1325-1330 is huge resistance for ACC.

Chart above is self explanatory  and is inviting sell trade.

SL and targets for our premium readers.

Join us now


ICICIBANK

We have been short selling ICCIBANK from 960- 990 levels.

We will still continue to short sell till stock shows signs of reversal on chart.

ICICI will face strong resistance in 923-932 area from now on.



SL and targets for our premium readers.

Join us now

NEXT; WEEKLY OUTLOOK

ACC and HDFC BANK Follow up

The tale of a long and short trade

              I had recommended two stocks in my weekly outlook.

One was for long trade and other was for short trade.

ACC  long rocked as the stock went through the roof after coming to entry point.

HDFC bank reached the short trade entry point and crashed like nine points

to the target given.

A whooping profit of Rs. 20,000 with a single lot trade in each future.

As usual readers who followed us printed the almighty dollar !!!!

Read: ACC & HDFC

NEXT: NIFTY FUTURE 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

Stocks to watch for this week




ACC (CLOSE : 989)


       Long Entry Point : 975
       Stop Loss: 959.80
       Targets : 1008, 1040, 1060


       Short Entry Point: 959
       Stop Loss: 975
       Targets: 925, 898




HDFC BANK(CLOSE:2333)


        Short Entry Point : 2370
        Short Stoploss: 2400


        Targets: 2310, 2250


        Long Entry Point: 2400
        Long Stop Loss : 2370


       Targets: 2465, 2500.




NEXT: NIFTY FUTURE 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 Outlook 01-July-2009

Flashback

Readers who went short near bear level would have printed out the almighty dollar as nifty crashed to achieve all targets on the downside.

Although ACC crashed to the targets given, readers may not have been able to take advantage of it as it came nowhere near short level of 810.

Bull Level

Nifty is near key fibonacci support level of 4235 .

In case of gap down buy nifty at 4228 with stoploss at 4190 for targets 4301, 4330, 4360

Bear Level

In case of flat opening short nifty future around 4360 with stoploss at 4385 for targets 4301, 4270, 4230.

ABAN - Will the support , support ABAN

ABAN has strong support at 850 and tomorrow this support might get tested in a gap down scenario.

For wednesday trading, buy ABAN at 850 with 833 as stoploss for targets 874, 900, 930.

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 Outlook 30-June-2009

Flashback

Readers who went short in nifty at opening near the shortlevel would have booked closed to 50 points profits before nifty reversed direction.

Bear Level

Short nifty future around 4425 with stoploss at 4455 for targets 4375, 4340, 4300

Bull Level

In the scenario of nifty future crossing 4455 buy at retracement level of 4425 with stoploss at 4390 for targets 4465, 4485, 4505

Feed the bears -ACC

ACC has made reversal from a high resistance zone.

For tuesday trading, short ACC around 810 with stoploss at 823 for targets 790, 771, 755.

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 outlook 06-may-2009

FlashBack


Readers of the blog would have made good money in both nifty(triggered buy level and zoomed to target 2 of long) as well as acc (which was, well on a one way track).


For Wednesday Trading




Bear Level




Once nifty future breaks 3623, short at retracement level of 3640 with stoploss at 3662 for targets 3595, 3575, 3560, 3530.



Bull Level


Once nifty future crosses 3712, buy at retracement level of 3695 with stoploss of 3681 for targets 3735, 3755, 3765.



King of Banks in trouble





SBIN has made a negative candlestick pattern at a high resistance area.
For wednesday short sbi at 1360 with stoploss at 1389 for targets, 1331, 1311, 1295.

Market Outlook 05-May-2009

FlashBack

Humongous - No other term can be used to described today's gapup.

Price - Only thing one needs for analysis


On 6th of april i had writen, nifty might have defined a new range. See this .


Now we are almost at the other end of the spectrum in that chart. 3775 is the value of upper horizontal line.














For tuesday trading

Bull Level

Buy nifty future at retracement level of 3635 with 3615 as stoploss for targets 3660, 3675, 3695

Bear Level

Short nifty future at 3705 with stoploss at 3725 for targets 3675, 3655, 3645

ACC in trouble

In case of a gapup, if ACC fails to cross todays high of 682 in futures, it will fall prey to the starving bears.
On break of 638, fall to 582 shall be inevitable and rapid. Entry should be made after assessing the market conditions and with opening highs as stoploss.

Market OutLook 21-APR-2009

FlashBack

Again quite a volatile day with nifty hitting buy level at open itself and proceeding smoothly to first target. After a religious testing of 200 dma nifty, gave up all gains and finally closed at 3370.

ACC came to short level and crashed to 604 with promise of lots more.

For tuesday trading

Bear Level

Short nifty future at retracement level of 3400 with 3420 as stoploss for targets 3337, 3265, 3235.

Bull Level

Buy nifty future at 3200 with 3172 as stoploss for targets 3275, 3330, 3365.

Note for positional traders in nifty

Nifty made a beautiful head and shoulders pattern in 30 minute chart and broke the neckline. The target as per this pattern is (3514 - 3350) = 3186. Refer to the chart below

Have a great trading day.

Market OutLook 13-Apr-2009

FlashBack
On thursday, market opened near short level, fell all the way down to long level, and then moved all the way up surpassing 2nd target ( Jerry's bull level and bear level ) . Such a day is godsent for intraday traders who trade with blessings of God of stock markets (Fibonacci). Readers of the blog who took this trade (Relinfra trading ideas posted by Jerry) would be very rich now as relinfra achieved the target of 668.

For Monday trading

Bear Level

1) In case of gap up open, short nifty future at 3501 with stoploss at 3535 for targets 3455, 3420, 3390
2) Otherwise Short nifty future at 3365 with stoploss of 3393 for targets 3325, 3295, 3245

Bull Level

Buy nifty future at 3410 with stoploss of 3383.5 for targets 3455, 3480, 3501.

India's No.1 Cement Company may be a No.1 shorting oppurtunity







In the above chart, it appears as though acc is struggling to surpass the resistance line.
Hence it can be shorted for positional trade on monday near 600 with stoploss at 623 for target 528.

Have a great trading day.