Nifty Outlook 01-July-2009

Flashback

Readers who went short near bear level would have printed out the almighty dollar as nifty crashed to achieve all targets on the downside.

Although ACC crashed to the targets given, readers may not have been able to take advantage of it as it came nowhere near short level of 810.

Bull Level

Nifty is near key fibonacci support level of 4235 .

In case of gap down buy nifty at 4228 with stoploss at 4190 for targets 4301, 4330, 4360

Bear Level

In case of flat opening short nifty future around 4360 with stoploss at 4385 for targets 4301, 4270, 4230.

ABAN – Will the support , support ABAN

ABAN has strong support at 850 and tomorrow this support might get tested in a gap down scenario.

For wednesday trading, buy ABAN at 850 with 833 as stoploss for targets 874, 900, 930.

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.

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Monthly Profit Tracker

Readers,

I started my profit tracker on first of june and today is 30th of June.

I am really proud and happy to announce that the blog recommendations has made a whopping

300512 Rs

profit in intraday trading. All the profit with one contact of stock and two nifty contracts.

So go ahead and grab a bottle of Shipwrecked 1907 Heidsieck and celebrate this moment with me. Thank you for all the support and all the comments.

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Nifty Outlook 30-June-2009

Flashback

Readers who went short in nifty at opening near the shortlevel would have booked closed to 50 points profits before nifty reversed direction.

Bear Level

Short nifty future around 4425 with stoploss at 4455 for targets 4375, 4340, 4300

Bull Level

In the scenario of nifty future crossing 4455 buy at retracement level of 4425 with stoploss at 4390 for targets 4465, 4485, 4505

Feed the bears -ACC

ACC has made reversal from a high resistance zone.

For tuesday trading, short ACC around 810 with stoploss at 823 for targets 790, 771, 755.

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.

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Nifty outlook 29-June-2009

Bull Level

Buy nifty future around retracement level of 4305 with stoploss at 4280 for targets 4345, 4380, 4400.

Bear Level

Short nifty future around 4400 with stoploss at 4425 for targets 4360, 4330, 4300.

There are no stock recommendations for tomorrow.

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.

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Weekly Outlook 29th June – 03 July 2009

Nifty

Nifty has closed in a high resistance zone. 4445 is the first resistance of nifty for the coming week and second resistance is placed quite close at 4490.

On the support side, 4290 and 4250 should offer good supports below which nifty can fall to this weeks low of 4155.

Sultance of Stocks – Reliance

As i had writen last week, RIL came under huge bear attack.

For this week resistances for RIL are placed at 2065 and 2100 while strong support exists at 1955 below which RIL can test long term support of 1875.

King of Banks – SBIN

As i had writen last week, SBIN went into a small trading range.

This week SBIN will have resistances at 1785 and 1820 while supports exist and 1710, 1655.

New Kid on the Block – L&T

Due to new float rule, L&T takes the spot of ONGC in my weekly analysis. Hope readers will appreciate this change.

L&T will have huge resistance at 1640 and 1670. Inability to trade above first resistance level will mean L&T getting a bear attack to support levels of

1600, 1570 and 1540

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Profit Tracker for week 22-June-2009 to 26-June-2009

Assumptions:

1) All figures are based on 1 contract of stock and 2 contracts of nifty

2) Weekly levels given are not considered.

Profit Trackers for rest of June

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Nifty Outlook 26-June-2009

Flashback

Readers who went short at bear level of 4345 would have booked huge profits at 4255, the third target of short. Even readers who tried adventurous long at 4250, the bull level, would have had oppurtunity to book 20 rs profit as nifty zoomed to 4270.

Bear Level

Short nifty future around 4290 with stoploss at 4320 for targets 4240, 4210, 4180, 4160

Bull Level

Buy nifty future at 4150 with stoploss at 4125 for targets 4180, 4210, 4240.

Sultan of Stocks – Can the Sultan stay afloat as we move to floating stock nifty

Sultan of stocks is unable to sustain above key levels and upmoves are getting resisted.

For friday trading short RIL around 1990 with stoploss at 2015 for targets 1955, 1935, 1900.

Do checkout my post about free float system here

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.

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Nifty – Free float and implications for traders

What is this free float ?

It simply means from tomorrow, the weightage of any scrip in nifty index will be proportional tothe public shareholding in the scrip. Currently weightage is proportional to public + promoter shareholding.

What does this mean to you and me as traders?

It means that there will be slight change in the scripts that we use to track nifty.

Highest weightage will remain with the Sultan, Reliance ( good news for RIL stock fans).

INFOSYS,L&T, ICICIBANK and HDFC will have more weightage.

ONGC will lose its position as index biggie.

What is the effect of this change on NIFTY ?

There will be no change in the index value because of change in weightage system. Based on today’s closing prices, the division will be adjusted accordingly

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Nifty Outlook 25-June-2009

Flashback

Readers who went long near the long level would have printed out the almighty dollar as nifty nearly achieved 3rd target on upside.

Bull Level

Buy nifty future around 4250 with stoploss at 4230 for targets 4290, 4320, 4340

Bear Level

Short nifty future around 4345 with stoploss at 4370 for targets 4310, 4280, 4255

As usual no stock recommendations on expiry day

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 alone be responsible for profit/loss.

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Nifty Outlook 24-June-2009

Flashback

Readers who went long near the long level would have printed out the almighty dollar as nifty achieved all 3 targets given.

Readers could not have made use of DLF as the stock opened way down from the short level.

Bull Level

Buy nifty future at 4203 with stoploss at 4180 for targets 4245, 4290, 4325

Bear Level

Short nifty around 4340 with stoploss at 4365 for targets 4315, 4290, 4245

As we are nearing expiry, there are no stock recommendations for tomorrow.

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 alone be responsible for profit/loss.

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