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

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 - 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

Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK

Balance point for nifty is placed at 5470 next week.


Supports will come in at 5430 and 5400 levels.


Break below 5380 will induce correction and nifty will move to 5350,  5325, 5300 and 5285 next week.




Resistances for nifty are placed at 5510 and 5535.


Break above 5560 is needed for nifty to be bullish.


In such a scenario nifty will move to 5600 and 5640.






NEXT: Friday


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

Stocks for trading in the coming week




RELINFRA
            
           IF relinfra future breaks 1037 , it can retrace to 1055.


Trading idea is short at retracement and hold for targets of 1025, 1002 and 985.


1068 can be maintained as stop for this trade.




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 Trading Plan 17-September-2010

Nifty Future Outlook


Nifty future pivot has moved to 5855 for tomorrow's trading.


Reversal from this level will take nifty future to 5830 and 5815.


Break of 5800 will indicate a temporary reversal in trend and nifty will correct to 5760 
and 5740.


5900 is the level to be watched for resistance.


Above 5905 nifty will attempt to cross 5916 and 5930.


Break and trade above 5945 will indicate bulls in charge and they will move
the index to 5970 and 5990.


NEXT: Trade using simplicity



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

Dow Jones Index Technical Analysis

Technical Analysis of Dow Jones Index DJIA

Last week i had writen that only above 10569 Dow trend will turn positive.

Last week's high was 10549 from where it crashed 200$.

If one looks at the recent swing of Dow, one can see fibonacci cluster zones

at 10350 and 10550. So these two levels can be considered as Make or Break for dow next week.

Trading above 10550, upper fibonacci extension targets are 10715, 10790 and 10815.

Trading below 10350, lower projection targets are 10240, 10165, 10095.

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.