Nifty Outlook 13-August-2009

Flashback

The fibonacci time confluence did take place, but unfortunately, long stop loss was triggered in the process.

Bull Level

Buy nifty future around 4445 with stop loss at 4410 for targets 4505, 4535, 4565, 4600.

Bear Level

In the scenario of nifty future breaking 4410 , short at retracment to 4440 with stop loss at 4465 for targets 4390, 4350, 4320, 4290.

Sultan of Stocks - Bears in trouble

See the low of RIL today and weekly level here.

For tomorrow trading buy RIL around 1965 with stop loss at 1941 for targets 1995, 2025, 2045.

In the scenario of RIL breaking 1941 short on retracement to 1958 with stop loss at 1978 for targets 1925, 1905, 1890.

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 Outlook 28-July-2009

<Updated at 10.55 PM>

Flashback

Today's low Nifty in nifty future was our buy level. Readers would have printed out the almighty dollar as nifty moved up by nearly 75 rs from buy level.

Bull Level

Buy nifty future at 4425 with stoploss at 4400 for targets 4465, 4485, 4500

Bear Level

Short nifty future around 4620 with stoploss at 4645 for targets 4575, 4535, 4485, 4425.

Incase 4645 is triggered, readers may go long with the objective of covering the loss.

Sultan of Stocks - Special update

weekly levels - here.

Readers would like to note that Sultan has closed below critical level of 1950 albeit by 9 points. So inorder to sustain the bearish mode, RIL should not

close above today's high of 1966. In case RIL closes above 1966 , readers may take positional long at retracement to 1950 with stoploss at 1900 for targets 2055 and 2125, 2200.

Otherwise, our weekly target of 1805 remains intact in RIL.

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.

Index and Biggies - Weekly Outlook 13th July - 17th July 2009

Nifty

Supports for nifty are placed at 3850 and 3640 this week.

If nifty is able to test the first support successfully it can test the reistance levels at 4190 and 4250.

I had a writen last week about how 4170 has become critical confluence support. Nifty has closed significantly below that level.

Sultan of stocks - Reliance

Reliance will run into strong resistances at 1840 and 1870 this week. Strong support for RIL exists at 1685.

However failure to hold the first support will result in RIL getting thrashed to 1590 and 1460.

King of Banks - SBI

Weekly reistances for SBIN are placed at 1650 and 1670 this week. 1450 should provide good support for SBI failing which SBI can fall

to 1320 and 1150.

New Kid on the block - LT

LT is in danger of going to sub 1000 level if it is unable to trade above 1500 this week. Small supports do exist at 1280 and 1160.

Weekly Market Oulook

NIFTY

This week nifty will run into huge resistances at 4645, 4695, 4790. Unable to trade above first level will take nifty down to support levels of 4535 and 4485, 4400.

RELIANCE - SULTAN OF STOCKS

Reliance looks all set to fall to support levels of 2175 and 2110 this week. Reliance will have huge resistances at 2270, 2310.

SBIN-KING OF BANKS

SBIN has huge resitances at 1830 and 1875 for this week. Inability to trade above first resitance level will drag SBI down to 1740 and 1700.

ONGC-OIL BARRON

If ONGC is unable to trade above this weeks high of 1215, ONGC will come under bear pressure. Supports exist at 1155 and 1115.

Weekend analysis of nifty and index biggies and a fibonacci confluence

Last week had plenty for both bulls and bears.

All the index biggies traded as per levels mentioned in Jerry's weekly analysis of index biggies .

In the end bulls were clear winners with a 400 point rally in nifty from the low of 4090. The week ahead should be really interesting because there is a fibonacci time cluster confluence happening on june 4 - june 8. As traders, we should expect change of trend in this time period.


NIFTY

For the week ahead, nifty support levels are placed at 4350 and 4250 levels while resitances are placed at 4570 and 4650 repectively.

RELIANCE

Sultan of stocks closed near a high resistance zone with reistances coming at 2340 and 2390. Weekly supports for reliance exists at 2230 and 2180 levels.

SBIN

King of banks had a most volatile week with a journey from weekly close to support level and back to resistance levels. In the week ahead, SBI will have huge resistance at 1900 and 1970 levels while support levels are placed at 1780 and 1700 levels.

ONGC

In the week ahead, ONGC could be the deal breaker. ONGC will run into huge resistance at 1250, 1320 levels. Inability to sustain above first resitance level will drag the stock down to 1100 and 900 levels.

Weekend Analysis of Index biggies

Sultan of Stocks - RIL

RIL found it impossible to penetrate and trade above 61.8 expansion level last week. This week, RIL will run into huge resitances at 2315 and 2375. Unable to trade above the first resistance level will be first sign of weakness in RIL and it can correct to weekly support levels at 2000 and 1950.

King of Banks - SBI

SBI was the strongest index stock last week retaining most of the gains it made on monday. For this week resistances for SBI are placed at 1875 and 1950 while supports are placed at 1590 and 1520.

Oil Barron - ONGC

ONGC was quite the star last week. In doing so, ONGC has moved to 61.8 retracement of the fall from its all time high and therefore at huge resitance levels. This week ONGC will have huge resitances at 1130 and 1180 levels. If ONGC is unable to cross first resitance level, it can easily correct to support levels of 980 and 920.

Market Outlook 28-APR-2009

Bull Level

Buy nifty future at retracement level of 3420 with stoploss of 3395 for targets 3495, 3520, 3555

Bear Level

If Nifty future breaks 3395 short at retracement level of 3420 with stoploss at 3445 for targets 3380, 3345, 3315.

Tracking the sultan

Interesting chart setup in reliance

Buy at retracement level of 1768 with stoploss at 1754 for targets 1790, 1802, 1815.

Have a nice trading day.

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

Market Outlook 22-APR-2009

FlashBack


Volatility was the name of the game today. Sultan of stocks made a small rally which made the nifty close in green.


For Wednesday trading


Bull Level


Buy nifty future at retracement level of 3345 with stoploss at 3318 for targets 3395, 3425, 3445, 3475.





Bear Level


If nifty future breaks 3318 sell at retracement level of 3345 with stop loss at 3375 for targets 3295, 3265, 3240




Stock approach


For wednesday sell relinfra at retracement level of 679 with 693 as stoploss for targets 661, 645, 637.


Above 693, relinfra can be bought for targets 710, 725, 732.





Have a great trading day