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

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


           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

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

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


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

Nifty Outlook 02-November-2010

NIFTY FUTURE OUTLOOK

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

Stock Market Today - Flashback

Flashback

As i had writen, it was a very difficult day indeed to trade.

I had writen on twitter to watchout for axis, relcapital and relinfra.

Out of these relcapital was outperformer by a long way. It just rocketed on the upside.

RELINFRA also rocked on the upside.

AXISBANK was a dud.

Yesterday night dow made a high of 10430, just i like i had writen in

http://jerrytechnicals.blogspot.com/2009/11/technical-analysis-dow-jones-djia.html

As expected, dow has met with stiff resistance in the supply zone.