NIFTY FUTURE OUTLOOK
Nifty future exactly reversed from the area of resistance to fall to balance point as
written in this column yesterday.
For today's trading the market balance point is placed at 6008.
Resistance is at 6050.
Trading above 6065, nifty future will move to 6085, 6100 , 6125.
Support exists at 5965.
Break and trade below 5950 will take down to 5935, 5915, 5895.
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
Showing posts with label Nifty October. Show all posts
Showing posts with label Nifty October. Show all posts
Tuesday, December 7, 2010
Monday, December 6, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
The market balance point for nifty future is placed at 5980 this week.
5940 is support area for nifty future.
The second weekly support is at 5910 area.
Break below 5880 can induce correction and nifty will move to 5815 and 5775.
On the other hand nifty will face resistance at 6021.
Other overhead resistances are placed at 6075 and 6115.
Break out level for the week is 6145.
Targets for the breakout are 6220 and 6270.
NEXT: MONEY TREE
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
The market balance point for nifty future is placed at 5980 this week.
5940 is support area for nifty future.
The second weekly support is at 5910 area.
Break below 5880 can induce correction and nifty will move to 5815 and 5775.
On the other hand nifty will face resistance at 6021.
Other overhead resistances are placed at 6075 and 6115.
Break out level for the week is 6145.
Targets for the breakout are 6220 and 6270.
NEXT: MONEY TREE
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
Friday, December 3, 2010
Nifty Trading Plan 03-December-2010
NIFTY FUTURE OUTLOOK
The market balance point for nifty future is placed at 6025 today.
Trading above 6025, nifty future will move to 6058 and 6070.
Trading above 6073 will take nifty future to 6130, 6145 and 6165.
Support for nifty future is placed at 5978.
Break below 5963 will take nifty down to 5945, 5925 and 5900 levels.
NEXT: Gap up and away
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
The market balance point for nifty future is placed at 6025 today.
Trading above 6025, nifty future will move to 6058 and 6070.
Trading above 6073 will take nifty future to 6130, 6145 and 6165.
Support for nifty future is placed at 5978.
Break below 5963 will take nifty down to 5945, 5925 and 5900 levels.
NEXT: Gap up and away
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
Thursday, December 2, 2010
Nifty Trading Plan 02-Dec-2010
NIFTY FUTURE OUTLOOK
Market balance point for nifty future is placed at 5970 for tomorrow.
Supports for nifty are placed at 5945 and 5915.
Break and trade below 5910 will take nifty to 5885, 5850 and 5830.
Resistance for nifty future is placed at 6005 and 6020.
Trading above 6035 will take nifty future to 6065, 6095 and 6120.
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
Market balance point for nifty future is placed at 5970 for tomorrow.
Supports for nifty are placed at 5945 and 5915.
Break and trade below 5910 will take nifty to 5885, 5850 and 5830.
Resistance for nifty future is placed at 6005 and 6020.
Trading above 6035 will take nifty future to 6065, 6095 and 6120.
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
Sunday, November 28, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Readers who traded as per last week's outlook would have made close to 30,000 rupees
in just two lots trade of nifty. Those who missed the article can access it here.
The market crashed in a wave of scams and poor results.
Let us see what is in store for traders this week.
The market balance point for nifty future is placed at 5825.
Nifty will get resisted at 5895 and 5940.
For nifty to reverse the current trend, nifty future needs to trade above 5980.
Doing so nifty will zoom past last week's high an move to 6050 and 6125.
On the downside, nifty future will get support at 5750 and 5710.
Break and trade below 5670 will mean trouble and nifty could correct to 5595 and 5525.
The week ahead promises to be one packed with action. Join us on weekdays where
we will track every little move of nifty.
Trade Rich !!!!
NEXT: Yet another short trade in the name of scam
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
Readers who traded as per last week's outlook would have made close to 30,000 rupees
in just two lots trade of nifty. Those who missed the article can access it here.
The market crashed in a wave of scams and poor results.
Let us see what is in store for traders this week.
 |
| Nifty Spot |
The market balance point for nifty future is placed at 5825.
Nifty will get resisted at 5895 and 5940.
For nifty to reverse the current trend, nifty future needs to trade above 5980.
Doing so nifty will zoom past last week's high an move to 6050 and 6125.
On the downside, nifty future will get support at 5750 and 5710.
Break and trade below 5670 will mean trouble and nifty could correct to 5595 and 5525.
The week ahead promises to be one packed with action. Join us on weekdays where
we will track every little move of nifty.
Trade Rich !!!!
NEXT: Yet another short trade in the name of scam
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
Tuesday, November 23, 2010
Nifty Trading Plan 23-November-2010
NIFTY FUTURE OUTLOOK
Readers of the blog would have minted the almighty dollar as nifty moved from
5925 to 6025 exactly as written in this column yesterday. Those who missed the article can access it
here.
Market Balance point for nifty future is placed at 6005.
Nifty future will have resistance at 6030 and 6050. Trading above 6065 will take nifty future to
6095, 6125 and 6140.
Nifty future support is placed at 5975, 5959.
Break below 5940 will induce correction and nifty will move down to
5910, 5875, 5855.
NEXT: NIFTY WEEKLY OUTLOOK
Readers of the blog would have minted the almighty dollar as nifty moved from
5925 to 6025 exactly as written in this column yesterday. Those who missed the article can access it
here.
Market Balance point for nifty future is placed at 6005.
Nifty future will have resistance at 6030 and 6050. Trading above 6065 will take nifty future to
6095, 6125 and 6140.
Nifty future support is placed at 5975, 5959.
Break below 5940 will induce correction and nifty will move down to
5910, 5875, 5855.
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
Sunday, November 21, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Expiry week is here. Readers who went through our weekly article last week
would have had no problem in navigating the twists and turns of the market.
For this week, market balance point is placed at 5925.
Expiry week is here. Readers who went through our weekly article last week
would have had no problem in navigating the twists and turns of the market.
For this week, market balance point is placed at 5925.
 |
| Nifty chart |
Resistance of nifty is placed at 5990 and 6030.
For nifty to trade in positive zone it must cross 6068.
In such a case nifty will move to 6140, 6210, 6250.
Support for nifty future is placed at 5850 & 5810.
Break below 5775, will take nifty to 5700 and 5630.
NEXT: chart predicts doom
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
Sunday, November 14, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Nifty future reversed exactly from weekly resistance level as mentioned
in this column last week. Those who missed the article can access it here.
Readers who did the article would have made a minimum of 25,000 rupees in just lots
trading of nifty future.
For the week ahead , Market balance point for nifty future is placed at 6131.
Support for nifty future is at 6088 level.
Break below 6074 will mean more correction in the offing and nifty will move to
6045 and 5980.
Break below 5980 can mean serious trouble and index can fall to 5945 and 5910.
Resistance for nifty future is placed at 6178 and 6210.
Nifty needs to cross and trade above 6245 in order for trend change to occur.
In such a case, nifty future will move to 6320, 6380 and 6420.
Join us next week where we will track day by day movement of nifty and generate
trading ideas.
NEXT: Money Tree
Nifty future reversed exactly from weekly resistance level as mentioned
in this column last week. Those who missed the article can access it here.
Readers who did the article would have made a minimum of 25,000 rupees in just lots
trading of nifty future.
For the week ahead , Market balance point for nifty future is placed at 6131.
Support for nifty future is at 6088 level.
Break below 6074 will mean more correction in the offing and nifty will move to
6045 and 5980.
Break below 5980 can mean serious trouble and index can fall to 5945 and 5910.
Resistance for nifty future is placed at 6178 and 6210.
Nifty needs to cross and trade above 6245 in order for trend change to occur.
In such a case, nifty future will move to 6320, 6380 and 6420.
Join us next week where we will track day by day movement of nifty and generate
trading ideas.
NEXT: Money Tree
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
Sunday, November 7, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Last week nifty traded as per our expectations.
Readers can access that article here. The article predicts and explosive move in nifty, which
is just what happened last week.
For the coming week, nifty is placed at a very interesting juncture.
The market balance point for nifty future is placed at 6265 next week.
Supports come in at 6225 and 6180.
Trading below 6175 will introduce correction in nifty and it will correct to 6125 and 6100.
Break of 6095 will put the whole upmove at risk and nifty will move down to
6050 and 6005.
Resistances for the next week are placed at 6346 and 6380.
6405 is the BO level above which, nifty will move to 6451 and 6490.
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
Last week nifty traded as per our expectations.
Readers can access that article here. The article predicts and explosive move in nifty, which
is just what happened last week.
For the coming week, nifty is placed at a very interesting juncture.
The market balance point for nifty future is placed at 6265 next week.
Supports come in at 6225 and 6180.
Trading below 6175 will introduce correction in nifty and it will correct to 6125 and 6100.
Break of 6095 will put the whole upmove at risk and nifty will move down to
6050 and 6005.
Resistances for the next week are placed at 6346 and 6380.
6405 is the BO level above which, nifty will move to 6451 and 6490.
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
Wednesday, November 3, 2010
Nifty Trading Plan 03-November-2010
Labels:
free chart,
free nifty tips,
HDFC,
Live nifty future,
Nifty,
Nifty November,
Nifty October
NIFTY FUTURE OUTLOOK
The market balance point for today's trading in nifty future is
6145.
6165 is the resistance level. Trading above 6175 will take nifty future to
6190 and 6215.
Above 6215, the targets 6235 and 6255.
On the downside, support for nifty is at 6130 level.
Break and trade below 6115 will invite trouble and nifty will correct to
6100 and 6085.
NEXT: HDFC trading levels
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
The market balance point for today's trading in nifty future is
6145.
6165 is the resistance level. Trading above 6175 will take nifty future to
6190 and 6215.
Above 6215, the targets 6235 and 6255.
On the downside, support for nifty is at 6130 level.
Break and trade below 6115 will invite trouble and nifty will correct to
6100 and 6085.
NEXT: HDFC trading levels
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
Monday, November 1, 2010
Stocks for trading 02-November-2010
INTERESTING STOCKS TO TRADE - HDFC
HDFC looks good for trading tomorrow.
For HDFC future,
Long Level: 705.
SL: Low of first 15 minutes (or below 700) whichever is lower).
If HDFC sustains above 705, it will easily move to the targets of
720, 735 and 750.
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
HDFC looks good for trading tomorrow.
For HDFC future,
Long Level: 705.
SL: Low of first 15 minutes (or below 700) whichever is lower).
If HDFC sustains above 705, it will easily move to the targets of
720, 735 and 750.
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
Stock to watch out for this week
TATA MOTORS
Short level : 1180
Stop loss : 1188
Targets : 1134, 1115, 1075.
Long level : 1188
Stop loss: 1170
Targets: 1220, 1240.
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
TATA MOTORS
Short level : 1180
Stop loss : 1188
Targets : 1134, 1115, 1075.
Long level : 1188
Stop loss: 1170
Targets: 1220, 1240.
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
Sunday, October 31, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Nifty future traded as per our expectations last week.
Last week' article can be accessed here.
For the week ahead Market Balance Point for nifty future is placed at 6025.
Nifty will get resisted at 6075 and 6105.
These are Fibonacci confluence resistance and expected to provide strong resistance.
6140 is the weekly break out level . Above this level nifty is expected to out perform
and move to 6190, 6220, 6240 and 6290.
On the downside, strong support for nifty exists at 5975.
5940 is a long term pivot support.
Nifty will play into the hands of bears if it breaks 5915.
In such a case nifty will crack to 5865 and 5820.
It promises to be an action packed week with explosive moves on both side.
We will be tracking day by day movement here at JerryTechnicals.
Everyone is invited !!!.
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
NEXT: Bears the Menace
Nifty future traded as per our expectations last week.
Last week' article can be accessed here.
For the week ahead Market Balance Point for nifty future is placed at 6025.
Nifty will get resisted at 6075 and 6105.
These are Fibonacci confluence resistance and expected to provide strong resistance.
6140 is the weekly break out level . Above this level nifty is expected to out perform
and move to 6190, 6220, 6240 and 6290.
On the downside, strong support for nifty exists at 5975.
5940 is a long term pivot support.
Nifty will play into the hands of bears if it breaks 5915.
In such a case nifty will crack to 5865 and 5820.
It promises to be an action packed week with explosive moves on both side.
We will be tracking day by day movement here at JerryTechnicals.
Everyone is invited !!!.
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
NEXT: Bears the Menace
Wednesday, October 27, 2010
Nifty Trading Plan 28-October-2010
NIFTY FUTURE OUTLOOK
Readers who shorted nifty future as per yesterday's article would have minted the almighty dollar
as nifty tanked by 100 points from short level.
For tomorrow's trading the Market Balance Point is at 6038.
Resistance for nifty future is at 6075. Break out will be above 6091.
Trading above 6091, nifty future will move to 6115, 6135 and 6150.
Support for nifty future is at 6000.
Break below 5985 will indicate real trouble and nifty future will move down to
5960, 5945 and 5925.
NEXT: Short means -> money in short time
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
Readers who shorted nifty future as per yesterday's article would have minted the almighty dollar
as nifty tanked by 100 points from short level.
For tomorrow's trading the Market Balance Point is at 6038.
Resistance for nifty future is at 6075. Break out will be above 6091.
Trading above 6091, nifty future will move to 6115, 6135 and 6150.
Support for nifty future is at 6000.
Break below 5985 will indicate real trouble and nifty future will move down to
5960, 5945 and 5925.
NEXT: Short means -> money in short time
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-October-2010
NIFTY FUTURE OUTLOOK
For today's trading Market Balance Point is placed at 6110.
Resistances for nifty future are placed at 6130, 6148.
If nifty breaks and trades above 6165 , it should be considered a breakout and nifty will
rock to 6195 , 6225 and 6240.
Supports for nifty future are placed at 6090, 6072.
Break and trade below 6055 indicates trouble for bulls and nifty will correct to
6025, 6000 and 5988.
NEXT: Thrill of money
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
For today's trading Market Balance Point is placed at 6110.
Resistances for nifty future are placed at 6130, 6148.
If nifty breaks and trades above 6165 , it should be considered a breakout and nifty will
rock to 6195 , 6225 and 6240.
Supports for nifty future are placed at 6090, 6072.
Break and trade below 6055 indicates trouble for bulls and nifty will correct to
6025, 6000 and 5988.
NEXT: Thrill of money
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
Monday, October 25, 2010
Nifty Trading Plan 26-October-2010
NIFTY FUTURE TRADING
Nifty future Market Balance Level (MBL) for tomorrow's trading is placed at
6136. 6177 - 6197 is the resistance zone for nifty future.
Trading above 6206 will take nifty future to 6223, 6240 and 6260.
6100 is support level for nifty future.
Break and trade below 6085 will introduce negativeness in nifty
and bears will pummel it to 6058 and 6040.
NEXT: Rocking trade reccos
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 future Market Balance Level (MBL) for tomorrow's trading is placed at
6136. 6177 - 6197 is the resistance zone for nifty future.
Trading above 6206 will take nifty future to 6223, 6240 and 6260.
6100 is support level for nifty future.
Break and trade below 6085 will introduce negativeness in nifty
and bears will pummel it to 6058 and 6040.
NEXT: Rocking trade reccos
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
Sunday, October 24, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Nifty future traded as per our expectations last week.
For the week ahead Market Resting Point is at 6085.
Resistance for nifty is at 6125 - 6150 zone.
For nifty to trade in positive territory it must break and trade above 6175.
In such a case nifty future will move to 6215, 6245 and 6280.
Support zone for nifty future is 6030 - 6010.
Break and trade below 5985 will indicate trouble for bulls and nifty future will drop to
5940, 5905 and 5860.
NEXT: Zen and the art of Trading
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 future traded as per our expectations last week.
For the week ahead Market Resting Point is at 6085.
Resistance for nifty is at 6125 - 6150 zone.
For nifty to trade in positive territory it must break and trade above 6175.
In such a case nifty future will move to 6215, 6245 and 6280.
Support zone for nifty future is 6030 - 6010.
Break and trade below 5985 will indicate trouble for bulls and nifty future will drop to
5940, 5905 and 5860.
NEXT: Zen and the art of Trading
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
Wednesday, October 13, 2010
Nifty Trading Plan 13-October-2010
NIFTY FUTURE TRADING PLAN
Nifty pivot is placed at 6117 for today's trading.
Above 6117 nifty will move to 6135 and 6155, which are strong resistances for the day.
Breakout level is 6171. Above this level nifty will move to 6195 and 6210.
Support exists for nifty at 6080.
Break an trade below 6064 will take nifty to 6048, 6030 and 6015.
NEXT: Reversal from pivot
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 pivot is placed at 6117 for today's trading.
Above 6117 nifty will move to 6135 and 6155, which are strong resistances for the day.
Breakout level is 6171. Above this level nifty will move to 6195 and 6210.
Support exists for nifty at 6080.
Break an trade below 6064 will take nifty to 6048, 6030 and 6015.
NEXT: Reversal from pivot
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
Sunday, October 10, 2010
Indian Stock Market Weekly Outlook
NIFTY FUTURE WEEKLY OUTLOOK
Last week, just like what was written in this column, nifty future moved to 6245 and gave up
all the gains and fell to the support of 6100. Readers who missed last week's column can access it
here.
As per Fibonacci time zones, next week could be a very interesting week. See the chart below,
It is very clear from the above chart that whenever nifty enters the time zone, volatility increases.
For the coming week, nifty future pivot is placed at 6138.
Resistance is at 6185. Trading above 6207 will restore bullishness in nifty and it will move to
6245, 6280 and 6300.
Support level for nifty future is placed at 6105. Break and trade below 6090 will invite bears to
have a good week and they will thrash nifty to 6050, 6015 and 5970.
NEXT: Should we buy IDFC INFRASTRUCTURE BONDS?
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
Last week, just like what was written in this column, nifty future moved to 6245 and gave up
all the gains and fell to the support of 6100. Readers who missed last week's column can access it
here.
As per Fibonacci time zones, next week could be a very interesting week. See the chart below,
It is very clear from the above chart that whenever nifty enters the time zone, volatility increases.
For the coming week, nifty future pivot is placed at 6138.
Resistance is at 6185. Trading above 6207 will restore bullishness in nifty and it will move to
6245, 6280 and 6300.
Support level for nifty future is placed at 6105. Break and trade below 6090 will invite bears to
have a good week and they will thrash nifty to 6050, 6015 and 5970.
NEXT: Should we buy IDFC INFRASTRUCTURE BONDS?
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
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