Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK (2nd MAY - 6th MAY 2011)

  Nifty future reversed from swing target of 5920 last week to achieved the 2nd target

of short. Great week for traders @ jerrytechnicals.

For the week ahead, nifty future resistances are placed at 5805, 5840.

Break above 5865 will restore bullishness and nifty future will climb to 5910, 5960 and 6000.

Reversal from resistance level will take nifty down to 5700 and 5660.

Break of 5645 will bring back bears from hibernation and index will get hammered to 

5600, 5555 and 5535.

It promises to be a great week ahead for traders.

Join us here for coverage of day by day action.

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 Weekly Outlook 08 March to 12 March 2010

RECAP

We had written in last week's outlook that nifty will scale to highs above 5015.

What happened last week was nifty followed the blog precisely :-)

Link to last week's outlook: http://jerrytechnicals.blogspot.com/2010/02/week-after-budget-how-to-trade-nifty.html

Nifty next week:

All short term indicators on the daily chart are in overbought mode indicating that nifty might take a pause in the coming week.

For the momentum to continue on upside, nifty must trade above 5181 with volumes next week,

Reversal from 5140 - 5165 area which is Fibonacci confluence resistance zone will take nifty to 5070.

Breaking and trading below 5025 will indicate that corrective mode has set in on nifty and will move

down to 4990, 4950. 4950 area is crucial Fibonacci confluence support zone which the bulls must

defend in order to cross the earlier high of 5303.

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.

Week after budget - how to trade nifty

NIFTY

Nifty moved pretty much inline with expectations

Link to last week's outlook: http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market_20.html

NIFTY

Nifty has entered into a positive territory. Only breaking and trading below 4835 will make nifty outlook as negative.

In the scenario of nifty future breaking and trading below 4835, it will move to 4796 and 4754.

4885 should be strong support for nifty in the coming week from where it should attempt to scale 4965 and 4992.

Breaking and trading above 5015 with volumes will take nifty to 5055, 5095 and 5150 very easily.

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.

Weekly outlook for Indian Stock Market 22nd Feb - 26th Feb Nifty

Owing to illness the blog could not be updated last week.

Sincere apologies to readers.

NIFTY

In the week ahead, 4905 would be huge resistance level for nifty.

Only if nifty trades above 4945 with volumes, it can move to higher targets of 4980, 5015 and 5050.

4805 would be huge support area for nifty next week. If it breaks and trades below 4790 with volumes,

nifty will move to 4755, 4717 and 4680 in the week ahead.

It is week which leads upto the budget. So one should be prepared to welcome the high volatilty which accompanies

any pre-budget week.

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.

Weekly outlook for Indian Stock Market 15th Feb - 19th Feb Nifty

RECAP

Last week we had written that trading above 4795, nifty will move to 4850 ad 4880.

The high of last week was 4849.

Also we had written that nifty will be weak only below 4655. Low of last week was 4667

NIFTY

Nifty future will be bullish if it trades above 4885 next week. Bullish targets are 4930, 4980 and 5020.

4940 is the fibonacci confluence level, trading above which trend will be bullish in the days to come.

After crossing 4885, if nifty future breakes 4745, bears will pound nifty to 4655, 4610 and 4568 next week.

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.

Weekly outlook for Indian Stock Market 8th Feb - 12th Feb Nifty

RECAP

Last we had written that braking 4800 nifty will nose dive to 4735 and 4690.

The low of nifty was 4687.

Nifty

This week nifty will be in trouble only on break of 4655.

If nifty future breaks and trades below 4655, it may fall upto 4590, 4530, 4465.

On the other hand, if nifty future trades above 4795, it will move to 4850 and 4880.

4920 will indicate that bulls are in total control and the simple euphoria will lift the market to

5020 and 5110

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.

Weekly outlook for Indian Stock Market 1st Feb - 5th Feb Nifty

RECAP

We all saw the brutual selling that happened last week once nifty broke 4920.

Last week's link: http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

NIFTY

4829 will act as strong support in the coming days for nifty future.

If nifty is able to cross and trade above 4945 next week, it will move to 5015, 5045, 5145 fibonacci extensions.

4800 will be key level to watch on the downside for coming week.

Breaking and trading below 4800, nifty future will straight away fall to 4735 and 4690.

Breaking and trading below 4650 will open up further downsides till 4531 and 4451.

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.

Weekly outlook for Indian Stock Market 25th Jan - 29 jan 2010 Nifty

Nifty

Last week nifty panned out exactly like what we had written.

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market.html

4920 will be level to watch on downside next week. If 4920 is held nifty will attempt a pullback to 5115.

Trading above 5115 with volumes, the extenstion targets are 5160, 5260 and 5340.

On the otherhand, failure to hold 4920 would mean nifty will correct to the first target of 4828 which is strong support

region. Trading below 4828 with volumes will open up down side targets of 4735, 4650 and 4575.

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.

Weekly outlook for Indian Stock Market 18th Jan - 22 jan 2010 Nifty

Last week we had writen that below 5240 nifty will fall to 5175 ( see link http://jerrytechnicals.blogspot.com/2010/01/nifty-weekly-outlook-11-january-till-15.html).

Nifty low for last week was 5176.

Nifty is range bound so far. And we have been using bands to trade.

Bands are currently placed at

1) 5386

2) 5229

3) 5172

4) 5115

5) 4960

These bands indicate huge support and resistance areas and any reversal from these would be powerful.

Fibonacci

5258 would be break out point for bulls in the week ahead. Trading above 5258 with volumes 5315 and 5340 are the fibonacci

extension targets. Once 5258 is crossed with volumes, 5220 should act as strong suport.

On the other hand, if after crossing 5258 nifty breaks and trade below 5190, bears would knock nifty down to 5100 and 5050 in the

coming week.

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 Weekly Outlook 11 January till 15 january 2009

Nifty

Nifty is interestingly poised for next week, a week in which result season will kick off.

All short term indicators have moved into sell mode suggesting domination of bears.

5240 will be the key level to watch next week. Trading below 5240 with volumes, nifty can correct

to 5195 and 5175.

Key resistance level for next week is placed at 5270. Above 5270 nifty will try to test 5310, 5370 and 5400.

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 Weekly Outlook

Last week we had written that nifty future support is at 4935.

The low of the week happened to be 4937 !!!!!

The third long target of the week was 5205. High of the week was 5210.

Link to last week's article - http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

Nifty

Chart Take

As per chart last week's low of 4937 is critical to the further fortunes of nifty.

As long as 4937 holds in the coming weeks, nifty will tread higher.

.

Fibonacci

As per fibonacci extentions, nifty will face huge resistance at 5260 next week. Trading above this

resistance level with volumes, nifty will move to 5300, 5365 and 5420.

If nifty future is unable to trade above 5260 with volumes, it will correct to support level of 5050.

As per fibonacci studies, 4940 is critical support level that nifty should not break, which is the inference that we get from weekly chart also.

Breaking and trading below 4940, nifty will move to 4820.

Note: Next week is a truncated week with 2 trading holidays.

Access the list of holidays here : http://jerrytechnicals.blogspot.com/2009/12/list-oif-trading-holidays-2010.html

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 Weekly Outlook (21 December till 25 december 2009(

Nifty traded in the range that we had written last week (http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_13.html).

Chart Take

Chart support 4935 and 4820.

5165-5190 area in chart has become high resistance zone.

Fibonacci

The fibonacci support for next week is at 4935. Breaking and trading below 4935 with volumes

nifty may move the the extension levels of 4880, 4840, 4790.

5080 is fibonacci resistance area for next week. Above 5080, the extention zones are 5130, 5180, 5205.

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 Weekly Outlook

Link to last week's outlook :

http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook.html

Nifty pretty much traded within the range as mentioned in last week's outlook.

In the week ahead 5155 will determine nifty's fortunes. Trading above 5155 with volumes

nifty future can move to 5208, 5240 and 5309.

For the coming week, last week's low of 5051 will act as strong support. IF 5051 is broken

with volumes, nifty future can move to 4998, 4950 and 4900.

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 Weekly Outlook

Nifty Weekly Outlook

Nifty has closed below the critical level of 5133 on weekly chart and thus created a negative closing.

This negtiveness will be overcome only if nifty trades 5184 next week. Trading above 5184 nifty future

will move to 5255 and 5330 next week. However trading below 5133 with volumes, nifty can move

down to 5025, 4975 and 4925 next week.

Monthly Profit Tracker November 2009

Assumptions:

All calculations are based on free recommendations on the blog.

Readers would have traded one contract of stock future and


two contracts of index future.

Calculations do not take into consideration, trades done in


bank nifty future.

Date	Scrip	Trade	Buy	Sell	Quantity	Profit/Loss
11/3/2009	No Trade initiated
11/4/2009	NIFTY	Short	4695	4660	100	-3500
11/4/2009	NIFTY	Long	4679	4711	100	3200
11/5/2009	No Trade initiated
11/6/2009	No Trade initiated
11/9/2009	NIFTY	Short	4780	4820	100	4000
11/9/2009	NIfty	Long	4820	4900	100	8000
11/09/2009	ICICIBANK	Short	840	855	350	5250
11/10/2009	NIFTY	Long	4865	4901	100	3600
11/10/2009	RELCAPITAL	Long	820	841	276	5796
11/10/2009	RELCAPITAL	Long	817	826	276	2484
11/11/2009	NIFTY	Short	4935	4915	100	-2000
11/12/2009	NIFTY	Long	4950	5000	100	5000
11/12/2009	RELIANCE	Short	2075	2140	150	9750
11/13/2009	No Trade initiated
11/16/2009	No Trade initiated
11/17/2009	No Trade initiated
11/18/2009	NIFTY	Long	5035	5080	100	4500
11/18/2009	NIFTY	Short	5035	5080	100	4500
11/18/2009	ABAN	Long	1352	1376	400	9600
11/19/2009	LICHSGFIN	Short	848	900	425	22100
11/19/2009	NIFTY	Short	4960	5033	100	7300
11/19/2009	STER	Short	842	872	438	13140
11/20/2009	No Trade initiated
11/23/2009	No Trade initiated
11/24/2009	NIFTY	Long	5050	5100	100	5000
11/25/2009	HDIL	Short	316	339	774	17802
11/25/2009	NIFTY	Long	5095	5135	100	4000
11/26/2009	NIFTY	Long	5098	5080	100	-1800
11/26/2009	NIFTY	Short	4980	5080	100	10000
11/27/2009	No Trade initiated
11/30/2009	NIFTY	Short	5036	5010	100	-2600
11/30/2009	NIFTY	Long	5036	5070	100	3400
11/30/2009	SBIN	Short	2230	2280	132	6600
						145,122
	Net Profit	One Lakh Forty Five Thousand One Hundred Twenty Two Rupees