Best of Last week

We anticipated the turn at 5375, provided a TA lesson on picking strong stock (McDowell) and

predicted a flat expiry.

Given below are the most popular posts from last week.

Weekly stock market outlook

Spirit of Leadership

A flat expiry

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.

Technorati : Indian stock market, Nifty, Trading, bse, futures, mcdowell, nse, options, share trading, weekly
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Indian Stock Market Weekly outlook

NIFTY FUTURE

On friday night Dow closed 324 points or -3.16% down in a savage session.

Asian market will react to this when they open for trade on monday.

As shown in above chart nifty is near huge resistance of 61.8% retracement area at 5162.

If 5162 is conquered with volumes nifty future will move to 5235 and 5285.

However reversal from this region will take nifty to 4935.

If 4935 is broken with volumes, nifty future will move to 4875, 4835 and 4795 this week.

After a narrow range week, this week promises to be one with a wider range.

As usual we will tracking it here in our daily updates and trading plan.

NEXT : The best of last 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.

Technorati : Bank Nifty, Fibonacci, June, Long, Nfty Future, Nifty, Nifty weekly outlook, Resistance, Short, Stock Tips, Support, Target, Trading, Trading tips
Del.icio.us : Bank Nifty, Fibonacci, June, Long, Nfty Future, Nifty, Nifty weekly outlook, Resistance, Short, Stock Tips, Support, Target, Trading, Trading tips
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Flickr : Bank Nifty, Fibonacci, June, Long, Nfty Future, Nifty, Nifty weekly outlook, Resistance, Short, Stock Tips, Support, Target, Trading, Trading tips