Indian Stock Market Daily Outlook

NIFTY OUTLOOK 08-JUNE-2011


Readers who used my trading levels yesterday would have made a handsome profit of 6000 rupees in two lots of nifty future.


Today's trading idea would be 


Buy nifty future around 5540 with stop loss of 5520 for targets 5560, 5580, 5600.
Reversal targets: 5500, 5480, 5460.




NEXT




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 25-June-2009

Flashback

Readers who went long near the long level would have printed out the almighty dollar as nifty nearly achieved 3rd target on upside.

Bull Level

Buy nifty future around 4250 with stoploss at 4230 for targets 4290, 4320, 4340

Bear Level

Short nifty future around 4345 with stoploss at 4370 for targets 4310, 4280, 4255

As usual no stock recommendations on expiry 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 alone be responsible for profit/loss.

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Nifty Outlook 23-June-2009

Flashback

Readers who went long at long level would have booked a loss as nifty was on a one way track which went only downwards. Readers who went long in reliance capital would have had the oppurtunity to book 20 rs profit as the stock gave up all gains after that

Bull Level

In case of gap down buy nifty future at 4140 with stoploss at 4118 for targets 4190, 4220, 4240

Bear Level

In case of flat or gap up opening, short nifty future at 4290 with stoploss at 4310 for targets 4240, 4190, 4160.

DLF - Feed the Bears

DLF has made a reversal pattern at a key resistance area

Tomorrow short DLF at retracement level 331 with stoploss at 342 for targets 309, 290, 275.

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Nifty Outlook 22-June-2009

Bull Level

Buy nifty future at retracement level of 4285 with stoploss at 4251 for targets 4335, 4370, 4415.

Nifty Outlook 11-June-2009

Bull Level

1) Buy nifty future at retracement level of 4605 with stoploss at 4576 for targets 4645, 4680, 4715.

2) In the scenario of nifty future crossing 4741 buy nifty future on retracement to 4701 with 4675 as stoploss for targets 4750, 4775, 4805

Bear Level

1) Short nifty future at resistance level of 4720 with 4741 as stoploss for targets 4690, 4660, 4620

2) Nifty future, breaking 4576 short at retracement level of 4630 with stoploss at 4667 for targets 4560, 4520, 4485.

Looking Good - Renuka

For thursday trading buy renuka on retracement to 141 with stoploss at 139 for targets 146, 150, 155