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

NEXT

Indian Stock Market Outlook For Week Starting 17 SEP 2012

NDIAN STOCK MARKET OUTLOOK FOR WEEK STARTING 17 SEP 2012

Our  weekly pick of LICHSGFIN rocked the charts last week.

Our daily subscribers made a ton of money in JINDAL STEEL in a buy and hold trade.

With FED announcement, diesel price hike, FDI in retail and aviation, proposed RBI rate cut, market condition is bullish at its best.

Where is Nifty headed?

        Immediate resistance for Nifty is at 5700 Nifty future level.

What are the stocks we will trade this week?

                  IGL - Indraprastha Gas LTD - 240 is key level. As long as stock doesn't close below this level, long trades with targets 300-320.

Entry for our subscribers.

For intraday trading we will look at AXISBANK, TATAMOTORS.

JETAIRWAYS, BHARTIARTL.

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and 

sniper trades. Why not join us? Contact us for trial  (for a trial request, kindly email us jerrytechnicals@gmail.com) 

NEXT

Indian Stock Market Outlook For Week Starting 10 SEP 2012

Indian Stock Market Outlook For Week Starting 03 SEP 2012

Last week our traders booked huge profit in JUBLFOOD. Our SL was triggered in Centrury Textiles.

Nifty Traders  all around the world should only for one number now. 5472.
This is the golden level.

Entry, SL and target for our registered users.

We are looking for long trade in LIC Housing Finance this week.

We are also looking for short trade in JSW Steel this week.

For intraday trading, we will be looking to trade ICICIBANK, RELINFRA, AXISBANK, TATAMOTORS and Century Textiles.

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and sniper trades. Why not join us? Contact us for trial 

NEXT 5257 rocks

Market Outlook 03 September 2012

Indian Stock Market Outlook For Week Starting 03 SEP 2012

Where is Nifty headed? We have presented to our subscribers of JerryTechnicals how the scenario will unfold last week itself. Whole world was bullish. We gave our readers clear instruction to short the market. Will the trend continue ?

This week 5300 spot level is crucial. Reversal from this level will take us to 5100.

Entry, SL and target for our registered users.

What happens at 5100? We will have an update when market hits 5100.

Do come back to check on it.

Additionally we are being very stock specific this week.

We are looking for long trade in JUBLFOOD and short trade in CENTURY TEXTILES.

For intraday trading, we will be looking to trade ICICIBANK, RELINFRA, AXISBANK, TATAMOTORS.

All our trades have clear entry, SL and targets. We do not give two sided view. Clear, focused, and sniper trades. Why not join us? Contact us for trial 

NEXT: Performance matters. Nothing Else

Market Outlook 23-APR-2009

FlashBack

The head and shoulders is starting to take its toll. Nifty opened near target1 of long and fell to target 1 of short in a straight line.
Tomorrow is Sultan of Stocks result day.

For Thursday trading

Bear Level

Sell nifty at retracement level of 3372 with stoploss at 3397 for targets 3315, 3285, 3215

Bull Level

In the scenario of nifty future crossing 3397, buy at retracement level of 3375 with stoploss at 3340 for targets 3415, 3445, 3481

Stock Watch

Century Textiles has made a very negative pattern on charts




Sell century at 218 with stoploss at 228 for targets 202, 192, 182.

Have a great trading day