Nifty Outlook 15-July-2009

Flashback

Readers who went long near 4035 as i had writen would have printed out the almighty dollar as nifty moved to 4135, just 5 rs shy of third target of 4140.

Bear Level

Short nifty future around 4205 with stoploss at 4235 for targets 4165, 4135, 4095.

Bull Level

Buy nifty future around 4070 with stoploss at 4043 as stoploss for targets 4135, 4165, 4205

Herohonda – Darling of Bulls

Buy HEROHONDA future at 1395 with stoploss of 1380 for targets 1435, 1450, 1475.

HDFCBANK – Sweetheart of Bears

Short HDFCBANK future at 1382 with stoploss of 1400 for targets 1325, 1295, 1250.

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 : HDFC BANK, HEROHONDA, Nifty, Nifty July, Nifty Outlook
Del.icio.us : HDFC BANK, HEROHONDA, Nifty, Nifty July, Nifty Outlook
Zooomr : HDFC BANK, HEROHONDA, Nifty, Nifty July, Nifty Outlook
Flickr : HDFC BANK, HEROHONDA, Nifty, Nifty July, Nifty Outlook

Nifty Outlook 12-May-2009

Flashback

Readers of blog would have had a field day as nifty opened at short level and fell all the way to extended 4th target (normally i give only 3 targets, but as it turned out today was special).

Readers would have made good money in ONGC as it fell to the second target of short.

For tuesday trading

Bear Level

Short nifty at retracement level of 3590 with stoploss at 3630 for targets 3531, 3500, 3485

Bull Level

Buy nifty at 3rd target of 3485 with stoploss at 3452 for targets 3531, 3560, 3590

HDFC Bank at strong support level

For tuesday trading buy hdfc bank at 1133 with stoploss at 1114 for targets 1165, 1193

Market Outlook 01-APR-2009

Today was a traders day out. There was so much volatility created by reliance refusing to move up and sbi and banks pushing the index up. As a result we have an inside day formation on nifty.

For wednesday trading

Bear Level

Short nifty at 3040 with SL of 3067 for targets 2981, 2955, 2930

Below 2992, expect nifty future be attacked by bears.

Bull Level

Buy Nifty at 2909 with SL at 2883 for targets 2945, 2972, 3010.

Above 3075 nifty can upset many a bearish plans.

In such a scenario buy at retracement level 3055 with SL 3037 for tgt 3125.

Taking a contrarian View

HDFCBANK is near resistance levels.

On Wednesday, short around 975 level with SL at 995 for target of 873.

Have a profitable trading day !!!!!!!