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

Nifty Outlook 17-September-2009

Flashback

Readers of the blog would have made decent money in nifty future short as nifty fell from short level to first target before moving up.

Quite amazingly the master fibonacci is at it again. Today's high is spot on at 50% extension of the confluence zone.

Bull Level

Buy nifty future at 4890 with stoploss at 4870 for targets 4915, 4945, 4960.

Bear Level

Short nifty future around 5030 with 5055 as stoploss for targets 5005, 4975, 4950, 4920, 4890.

Note:

As i am busy with personal work, the blog will not be updated till the 23rd september.

Happy trading folks !!!!!!!!!!!!!!

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.