Indian Stock Market Daily Outlook

JSWSTEEL - Intraday trading idea 20-MAY-2011


Readers who went long in nifty future today at 5410 will have made a profit of 
2500 rs in two lots of future. Considering the fact that nifty traded in a narrow range of 40 points,
we were able to capture 25 points of that move @jerrytechnicals.




Trading idea for today's trade: JSWSTEEL


Short sell JSWSteel around 940 with stop loss at 951 for targets 929, 922, 915.


Reversal targets: 962, 970.




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 trading levels 19-MAY-2011




Readers who short sold nifty future as per our trading recommendation would have made Rs6000 in two lots of trade as nifty fell exactly to all targets given and finally came to a halt after achieving the final target.




Today's trading idea


Buy nifty future around 5410 with stop loss 5382 for target 5435 and 5445.
Reversal targets: 5355, 5333




If nifty future crosses 5452, buy nifty future on retracement to 5435 with stop loss  5425 for targets 5480, 5495 and 5510.




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 18-MAY-2011'


Far from good results of SBI resulted in market sinking to new low yesterday.


Today's trading idea:


Short nifty future around 5485 with SL 5501 for targets 5440, 5415, 5400.


Reversal targets: 5517,5550




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