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

Indian Stock Market Daily Outlook

NIFTY FUTURE EXPIRY OUTLOOK (26-MAY-2011)


Readers who short sold nifty future as per levels given yesterday would have made a profit of 2500 rs in 2 lots of trade.


Today is expiry day for May contract.


As any expiry day, it could be volatile and it is wiser to be on sidelines.


Tata steel's European entity has shown profit first time after take over. 
This makes Tatasteel stock to watch today.




It is very interesting to note the relative movement of nifty, cnxit and banknifty.


Have a look at the chart below and send us your observations.

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

Trading in indian stock market - A look at last week

A COMEBACK OF SORTS


                  Nifty, JindalStel and TataSteel. 
3 perfect picks last week.


Nifty future achieved all targets as per this article


A profit of 20,000 rupees for 2 lots of nifty future.


JINDALSTEL achieved all targets as per this article


A profit of 35,000 rupees for a single lot of future !!!!


TATASTEEL achieved all targets as per this article


A profit of 25,000 rupees for a single lot of future.




A net gain of 80,000 rupees in a week!!!!


And all this with charts and free of cost at JerryTechnicals.




NEXT: A freaky friday

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 18-FEB-2011




Market balance point: 5510


Supports: 5495, 5480


Breakdown level: 5465


Breakdown targets: 5445, 5425.


Breakout targets: 5585, 5605, 5630




NEXT: Tatasteel

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 Pick

TATASTEEL - LOOKING GOOD

               Tatasteel will have strong support at 600 level.


Breakdown level is 585. Long targets are 615, 640 and 650.


On the other hand break of 585 will lead to 570, 560 and 550.




NEXT: Nifty 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

Nifty outlook 01-October-2009

Flashback

Readers would have had a mixed day yesterday with ABAN triggering stop loss while nifty long moved like a rocket on the upside.

We are ever so close to my original target of 5270. Readers holding nifty bees should book another 25% at this juncture.

Soon the same analysts and TV stars, who were asking to go short and book holdings after budget day, would be saying "It is a bull market, Buy everything in sight".

Well, none of that nonsense here at jerrytechnicals. Only rock solid analysis, supported by charts.

Now coming to today's levels

Bull Level

Buy nifty future at 5035 with stoploss at 4992 for targets 5080, 5115, 5145, 5170

Bear Level

Nifty future breaking 4992 short at retracement to 5020 with stoploss at 5050 for targets 4960, 4930, 4920.

Sultan of steel - TataSteel

Tata steel appears to have taken suuport at key fibonacci support.

For today's trading, buy tatasteel at 508 with stop loss at 502 for targets 516, 525, 532.

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.