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| JUBIILANT ORGANOSYS - Looking bad on charts |
Learn Technical Analysis and Earn
Last week I had posted 3 stocks for trading.
LIC Housing, Reliance Infra and State Bank of India.
Those who missed it can access it here.
Let us do a quick calculation on how much a trader would have made in last week.
| Total | 27625 | |||||
| Stock | Type of Trade | Entry | Exit | LotSize | Net | Remarks |
| SBIN | Long | 2795 | 2950 | 125 | 19375 | |
| RELINFRA | Long | 1037 | 1055 | 250 | 4500 | |
| LICHSGFIN | Long | 1224 | 1202 | 250 | -5500 | SL Hit |
| LICHSGFIN | Short | 1202 | 1165 | 250 | 9250 |
The gain from these stocks stand at Rs. 27625.
Add to this the long on nifty future from 5510 till 5600 as per weekly nifty outlook.
The gain from nifty is 100* 90 = Rs 9000.
The total gain for a reader of this blog this week is 36600/- excluding brokerage and levies.
Now this is what we call @ JerryTechnicals as "Minting the almighty dollar".
NEXT: Enjoy the trading holiday
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 Weekly Outlook
Nifty future has closed above weekly pivot level of 5502.
Supports for nifty future are at 5495, 5456 and 5429.
Trade below 5401 will be open invite for bears to smash nifty to 5365, 5315 and 5300.
On the other hand 5535 will be resistance for nifty future.
5547 is breakout for nifty future and nifty will move to 5585, 5600 and 5635.
Given that the week ahead is settlement week, it will be really interesting to see how
nifty pans out.
As usual we will be tracking the curves and lines of nifty on a daily basis here.
Do comeback and track us.
NEXT: Initiating coverage
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
Are you a subbroker ? Jerrytechnicals has a special plan for small and medium subbrokers.
Please contact us at jerrytechnicals@gmail.com for more details.
Criteria for selection
Technical Analysis
Parameters used - RSI, STOC, MACD, OBV
Pivot Levels
Proprietary algorithm of JerryTechnicals
Weak stock for next week:
SUNPHARMA
PIVOT: 1745
Support: 1735
Breakdown:1729
BD targets :1710, 1698, 1680
Breakout :1760
BO targets: 1780, 1800
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.
NIFTY FUTURE TRADING PLAN
Crucial support exists at 5260 region.
Breaking and trading below this level with volumes will take nifty future to 5235, 5215, 5195.
Reversal from support region will take nifty future to 5305.
Resistance region for nifty future is 5340.
Trading above 5350 with volumes, nifty future will move to 5380 and 5400.
NEXT: Nifty 30 June
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
As written in this column yesterday, cracks developed in nifty future and fell to all targets given.
For tomorrow 5275 is the critical level to watch out for.
This level will see tussle between bulls and bears to obtain control.
5207 is the support level tomorrow.
Trading below 5207 with volumes nifty future will move down to 5185, 5165 and 5135.
For nifty future to move into positive mood, it must trade above 5308 with volumes.
In such a case nifty might move to 5320 and 5340.
NEXT : http://jerrytechnicals.blogspot.com/2010/06/nifty-29-june-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 TRADING PLAN
As written in this column yesterday, 5290.35 decided the move of nifty future today.
On the eod chart, nifty has broken out of a flag pattern.
However, short term indicators are in divergence with price.
5365 will be critical level for bulls tomorrow.
Crossing and trading above 5375 with volumes, nifty future will move to 5395 and 5405.
On the other hand , 5300 has become critical level to watch for all long trades.
5300 PE witnessed quite some addition of OI today indicating that in the near term 5300
will decide the direction of nifty future.
Break and trade below 5295 with volumes will take nifty to 5275 and 5255.
NEXT: Nifty June 28
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
The all important pivot level in nifty future is 5290.30.
5320 - 5340 is the resistance zone . Trading above this zone with volumes, nifty future will move to
5370 and 5390.
5280 - 5260 will be the support zone for nifty future.
Break and trade below 5260 with volumes will induce correction in nifty to the extent of 5240 and 5225
NEXT: Best of last 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 FUTURE
Just as we had written yesterday , nifty traded in narrow range moving from exactly
our support region to our resistance region.
Our pick of MCDOWELL is printing the allmighty dollar as written here
Day after expiry, expect nifty to give direction by breaking out from range.
The all important pivot is placed at 5319.55 in nifty fuutre for today.
5345 will be resistance area and 5356 will represent breakout zone.
Breakout targets will be 5375, 5390 and 5405.
Support for nifty future is placed at 5290.
Break and trade belw 5280 with volumes will induce correction and nifty will move to 5265, 5245 ad 5225.
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 TRADING PLAN
As expected it was a narrow trading range for nifty future with expiry just around the corner.
5330 is the all important pivot level for nifty on expiry day.
5355- 5360 will act as strong resistance.
Trading above this level could see nifty moving to 5380-5390.
Similarly 5300 - 5315 will act as support region for nifty.
Trading below this level could see nifty moving to 5275.
Volumes indicate another narrow range day.
An expiry without fireworks ?? Let us wait and see tomorrow.
NEXT: NIFTY OUTLOOK 23rd June
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.
