Nifty Outlook 30-September-2009

Flashback

Readers of the blog would have made good money yesterday as both nifty and relinfra fell to first target of short level.

Bull Level

In the scenario of nifty future crossing 5037 buy on retracement to 5020 with stop loss at 5000 for targets 5065, 5095, 5115.

Bear Level

Short nifty future at 5020 with stop loss at 5037 for targets 4985, 4965, 4935.

Bear Pick – ABAN

Short ABAN future around 1575 with stoploss at 1596 for targets 1540, 1525, 1505.

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-September-2009

Bear Level

Short nifty future at 5017 with stoploss at 5045 for targets 4985, 4945, 4920

Bull Level

Buy nifty future at 4920 with stoploss at 4900 for targets 4945, 4965, 4985.

Bear Pick- RELINFRA

RELINFRA appears to have run to serious short term resistance.

Short RELINFRA future around 1250 with stop loss at 1270 for targets

1208, 1190, 1170, 1155.

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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Weekend read – Day Trading – A reflection of personality

Over the years, I have interacted with many day traders. Most of them (well successful ones atleast) seem to have a routine.

They all seem to know one thing. This is the stock/list of stocks they am going to trade next day. I know of people who take position at 10 am and hold on to it (assuming its

a winning position) till 3.30. They dont switch from one stock to another like buzzing bees.

Talk of buzzing bees, i also know some people who switch 7 to 8 stocks during the day making 1% in one and movin on to the next.

Some of them are extremely successful. There are some other people, who seem to know all about news based stock moves. They seem to have

perfect knowledge on how a stock will react to positive\negative news.

As a day trader, what should i be doing?? I think day trading is a direct reflection of one’s personality. Your style of trading reflects what sort

of a person you are in real life. When your style of trading matches with your persona, you will find one of two things. Either you will be enormously successful or

you will be losing money on every single trade. The point i am trying to make here is, when you reflect upon a day’s trade always ask yourself, is the trade according

to my personality. However do keep in mind that there is ALWAYS scope for improvement in both facets – your trading style and your persona.

All the very best

Jerry

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Nifty outlook 24 september 2009

Bull Level

In the scenario of nifty future crossing 5007, buy on retracement to 4995 with stop loss at 4980 for targets 5035, 5070, 5115.

Bear Level

Short nifty future around 4970 with stop loss at 5005 for targets 4915, 4870, 4830

Bear Pick – Infosys Technologies

Short sell infosystch future at 2381 with stop loss at 2400 for targets 2345. 2320, 2290, 2260.

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 16-September-2009

Bear Level

Short nifty future at 4955 with stoploss at 4972 for targets 4920, 4890, 4860.

Bull Level

Buy nifty future around 4848 with stoploss at 4825 for targets 4885, 4900, 4920.

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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Fibonacci @ indian stock market

Flashback

In yesterday’s post i had posted a nifty chart with fibonacci projections marked.

It leaves a follower of fibonacci with renewed admiration for the mathematical genius when things like this happen.

In the below chart you will see that the high of today is exactly 38.2 projection of the confluence zone. WOW!!!!.

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Nifty Outlook 15-September-2009

Flashback

Readers would have had a mixed day today with good money being made in nifty future long while infosys triggered the stop loss

Bull Level

Buy nifty future at 4810 with stop loss at 4780 for targets 4840, 4860, 4875.

Bear Level

In the scenario of nifty future breaking 4780 short ar retracement to 4805 with stoploss at 4820 for targets 4760, 4720, 4700.

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 14-September-09

I had writen on 06 th july a possible route map of nifty from those levels.

http://jerrytechnicals.blogspot.com/2009/07/nifty-outlook-06-july-2009.html

A reader who bought niftybees based on the analysis provided on this site has writen in to ask if the analysis is still valid and whether she can wait for the afore mentioned target.

I am answering her query here for the benefit of other readers who must have done that trade.

The view still holds. However nothing is ever sure in market. Sell 50% of your niftbees and hold the rest with stop loss of 4400 on closing basis. The fibonacci confluence support zone has moved itself to 4400.

Good trade by all traders who took the risk based on my analysis.

Bull Level

Buy nifty future at 4805 with stoploss at 4780 for targets 4835, 4855, 4875

Bear Level

Breaking 4780, short sell nifty future on retracment to 4805 with 4825 as stoploss for targets 4755, 4740, 4720.

Weapon for Bulls – INFOSYS

For monday trading buy infosys at 2259 with stoploss at 2245 for targets 2280, 2295, 2325.

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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Sultan of Good Times – Profit Tracker 07-september-2009 till 11-september-2009

Note: The calculations are based on one lot of stock future and two lots of nifty future.

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Nifty Outlook 11-September-2009

Flashback

Readers of the blog would have printed out the almighty dollar as nifty fell down from short level to second target of 4805.

Bear Level

Short nifty future at 4850 with stop loss at 4870 for targets 4815, 4760, 4720.

Bull Level

Buy nifty future at 4720 with stop loss at 4705 for targets 4750, 4775, 4800.

Creating ‘Udyog’ Oppurtunity for Bears – Maruti

For friday trading short sell maruti future at 1509 with stop loss at 1525 for targets 1475, 1460, 1420.

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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