Indian Stock Market Weekly Outlook

NIFTY WEEKLY OUTLOOK


 Nifty future traded exactly as written in this column last week.


Readers who missed the article can access it here.


What is in store for traders next week? Let us examine with the help of charts.

Nifty future balance point is placed at 5890.


Nifty will get resisted at 5940 - 5960 next week.


5990 is the break out point for next week.


Break out targets are 6070, 6150, 6230.


5845 is the support for nifty next week.


5805 is the second  support for nifty future for next week.


Trade below 5800 will take nifty future to 5725, 5675 and 5630.




NEXT: when bulls ruled the roost


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

Weekly outlook for Indian Stock Market 8th Feb - 12th Feb Nifty

RECAP

Last we had written that braking 4800 nifty will nose dive to 4735 and 4690.

The low of nifty was 4687.

Nifty

This week nifty will be in trouble only on break of 4655.

If nifty future breaks and trades below 4655, it may fall upto 4590, 4530, 4465.

On the other hand, if nifty future trades above 4795, it will move to 4850 and 4880.

4920 will indicate that bulls are in total control and the simple euphoria will lift the market to

5020 and 5110

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.

Weekly outlook for Indian Stock Market 1st Feb - 5th Feb Nifty

RECAP

We all saw the brutual selling that happened last week once nifty broke 4920.

Last week's link: http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html

NIFTY

4829 will act as strong support in the coming days for nifty future.

If nifty is able to cross and trade above 4945 next week, it will move to 5015, 5045, 5145 fibonacci extensions.

4800 will be key level to watch on the downside for coming week.

Breaking and trading below 4800, nifty future will straight away fall to 4735 and 4690.

Breaking and trading below 4650 will open up further downsides till 4531 and 4451.

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.

Weekly outlook for Indian Stock Market 25th Jan - 29 jan 2010 Nifty

Nifty

Last week nifty panned out exactly like what we had written.

http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market.html

4920 will be level to watch on downside next week. If 4920 is held nifty will attempt a pullback to 5115.

Trading above 5115 with volumes, the extenstion targets are 5160, 5260 and 5340.

On the otherhand, failure to hold 4920 would mean nifty will correct to the first target of 4828 which is strong support

region. Trading below 4828 with volumes will open up down side targets of 4735, 4650 and 4575.

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.

Weekly outlook for Indian Stock Market 18th Jan - 22 jan 2010 Nifty

Last week we had writen that below 5240 nifty will fall to 5175 ( see link http://jerrytechnicals.blogspot.com/2010/01/nifty-weekly-outlook-11-january-till-15.html).

Nifty low for last week was 5176.

Nifty is range bound so far. And we have been using bands to trade.

Bands are currently placed at

1) 5386

2) 5229

3) 5172

4) 5115

5) 4960

These bands indicate huge support and resistance areas and any reversal from these would be powerful.

Fibonacci

5258 would be break out point for bulls in the week ahead. Trading above 5258 with volumes 5315 and 5340 are the fibonacci

extension targets. Once 5258 is crossed with volumes, 5220 should act as strong suport.

On the other hand, if after crossing 5258 nifty breaks and trade below 5190, bears would knock nifty down to 5100 and 5050 in the

coming 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 Weekly Outlook 11 January till 15 january 2009

Nifty

Nifty is interestingly poised for next week, a week in which result season will kick off.

All short term indicators have moved into sell mode suggesting domination of bears.

5240 will be the key level to watch next week. Trading below 5240 with volumes, nifty can correct

to 5195 and 5175.

Key resistance level for next week is placed at 5270. Above 5270 nifty will try to test 5310, 5370 and 5400.

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 Weekly Outlook

Last week we had written that nifty future support is at 4935.

The low of the week happened to be 4937 !!!!!

The third long target of the week was 5205. High of the week was 5210.

Link to last week's article - http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

Nifty

Chart Take

As per chart last week's low of 4937 is critical to the further fortunes of nifty.

As long as 4937 holds in the coming weeks, nifty will tread higher.

.

Fibonacci

As per fibonacci extentions, nifty will face huge resistance at 5260 next week. Trading above this

resistance level with volumes, nifty will move to 5300, 5365 and 5420.

If nifty future is unable to trade above 5260 with volumes, it will correct to support level of 5050.

As per fibonacci studies, 4940 is critical support level that nifty should not break, which is the inference that we get from weekly chart also.

Breaking and trading below 4940, nifty will move to 4820.

Note: Next week is a truncated week with 2 trading holidays.

Access the list of holidays here : http://jerrytechnicals.blogspot.com/2009/12/list-oif-trading-holidays-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 Weekly Outlook (21 December till 25 december 2009(

Nifty traded in the range that we had written last week (http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_13.html).

Chart Take

Chart support 4935 and 4820.

5165-5190 area in chart has become high resistance zone.

Fibonacci

The fibonacci support for next week is at 4935. Breaking and trading below 4935 with volumes

nifty may move the the extension levels of 4880, 4840, 4790.

5080 is fibonacci resistance area for next week. Above 5080, the extention zones are 5130, 5180, 5205.

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 Weekly Outlook

Link to last week's outlook :

http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook.html

Nifty pretty much traded within the range as mentioned in last week's outlook.

In the week ahead 5155 will determine nifty's fortunes. Trading above 5155 with volumes

nifty future can move to 5208, 5240 and 5309.

For the coming week, last week's low of 5051 will act as strong support. IF 5051 is broken

with volumes, nifty future can move to 4998, 4950 and 4900.

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.