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

Nifty Trading Plan 19-November-2010

NIFTY FUTURE OUTLOOK


   Readers of the blog  would have minted the almighty dollar in nifty future


in yesterday's trade as nifty reversed from resistance to support and from support 


to resistance. Those who were unlucky to miss out yesterday's article can access the 


same here.


Readers who entered weekly short in RELINFRA would be richer by Rs 20,000 on a 
single lot of trade as the stock crashed to 971. 


Those who missed the article can access it here.


For today's trading market balance point is placed at 6020.


5983 is strong support level for nifty future today.


Reversal from 5983 will take nifty to 6055, 6075 and 6105.








Break below 5955 will indicate that yesterday's upmove was a flash in the pan 


and nifty will nose dive to 5915. 5900-5895 remains the last line of support for nifty 


below which expect nifty to fall to 5845 and 5825 in no time.

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

NEXT: Money Tree

Nifty Trading Plan 18-November-2010

NIFTY FUTURE OUTLOOK


          The market balance point for nifty future is placed at 5985 tomorrow.


If nifty takes support at this level and reverses, it will move to 6020, 6045.


Break out will be above 6066 and targets for the BO are 6105 and 6145.


Trade below 5960 will take nifty to 5945 and 5920.


Last line of support is 5900.


If this support doesn't hold nifty will move down to 5865 and 5825 in no time.




NEXT: Yet another 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 Trading Plan 16-November-2010

NIFTY FUTURE OUTLOOK 


  Readers who short sold RELINFRA at 1055 today would have minted the almighty dollar
as the stock crashed to 1020.


Those who missed the article can access it here.


For tomorrow's trading, the market balance point for nifty future is placed at 6120.


Support for nifty is placed at 6085.


Break below 6070 will invite trouble and nifty will 6050 and 6030.


Break below 6010 is serious trouble and nifty will tank to 5960.




Resistance for nifty future is at 6160.


Break and trade above 6178 will take nifty to 6198, 6210 and 6230.




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