TATAMOTORS 18 JAN 2013

NSE BSE MARKET OUTLOOK 18 JAN 2013

Many readers asked us for an intraday trade.

See the chart of TATAMOTORS.

TATAMOTORS on crossing 333.30 will retrace to 330. Buy there with stoploss of 325 for targets 335-340 for intraday.

Note: All levels are cash levels.

Our pick of BHARTIARTL is rocking the charts. All simple and powerful chart

 reading using scientific techniques.

Readers who missed it can review it here.

For more such stocks and Nifty trades contact us at jerrytechnicals@gmail.com

Disclaimer: This is not a recommendation/ solicitation of any order to buy or sell, but my view on indian stock market. I assume no responsibility for any opinion or statement made in this postr. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Indian Stock Market Weekly Outlook 1st October 2012

BULLS CONTINUE TO RULE
       As we discussed in our last post, we were long in JINDALSTEL, SUNTV and TVS MOTORS.
All 3 stocks outperformed to give superior returns.

We tried short selling also with mixed results. We made huge money in Oriental Bank of Commerce while lost money in JSWSTEEL short.

SO where is market headed? 
All technical indicators are in positive zone and some of them even in the overbought zone. 

On the daily chart some divergences have started to show up. 

Does this mean we are ready to short the market?

At JerryTechnicals we will follow market wherever it goes. Our readers will watch two levels for next week.

1) 5870 - This is the near term target from which market can go into correction mode. 

2) 5640 on NF and 5600 on Nifty spot. Close below these levels will take the index down to 5355-5250  levels.

What are the stocks to keep watch on:

1) TATASTEEL - This stock looks like it will come out of trading range and give a huge move in next 2 weeks.

2) AXIS BANK - High Beta stock- Keep trading the direction of Nifty. 


One should avoid preempting the market at this stage. Go with the flow is our take.


For more details and questions how you can profit from clear cut trading ideas contact us at jerrytechnicals@gmail.com

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Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK(9th MAY- 13th MAY 2011)


Nifty future pivot is placed at 5465 next week.

Resistances are placed at 5595 and 5640.


Sustaining above 5655 will take nifty to 5730, 5770, 5830.




On the downside, break of 5380 will indicate huge trouble for nifty and index will correct to  5333, 5290 and 5200.

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

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 05-APR-2011

Market balance point : 5930

Upside:

Resistance: 5975

Break out level: 5985

Break out targets: 6010, 6035

Downside:

Support: 5905, 5890

Breakdown level: 5875

Breakdown targets: 5850, 5825

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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 Daily Outlook

NIFTY FUTURE OUTLOOK - 30-MAR-2011




Nifty future almost achieved weekly target as mentioned in our weekly 


outlook article. Readers who missed that article can access it here.


What is in store for nifty future today?




Nifty future will get resisted at 5765 and 5790 today.


Reversal from these levels will take nifty to 5740,  5720 and 5695.




Break and trade above 5810 will take nifty to 5835, 5855.

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

A remarkable comeback


Nifty future made a remarkable comeback last week.

For the week ahead, which is the expiry week, nifty balance point is placed at 5635.


Immediate resistances for nifty are placed at 5720 and 5765 as depicted in the above chart.


Immediate target for nifty appears to 5804 as it is the fibonacci confluence zone.


Above 5815 nifty could move to 5890 and 5930.


Support for nifty is placed at 5550 and 5500 levels.


Break below 5455 is needed to jeopardize the up-move.


In such a scenario nifty will move down to 5370 and 5290.

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