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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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 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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Nifty Outlook 23-June-2009

Flashback

Readers who went long at long level would have booked a loss as nifty was on a one way track which went only downwards. Readers who went long in reliance capital would have had the oppurtunity to book 20 rs profit as the stock gave up all gains after that

Bull Level

In case of gap down buy nifty future at 4140 with stoploss at 4118 for targets 4190, 4220, 4240

Bear Level

In case of flat or gap up opening, short nifty future at 4290 with stoploss at 4310 for targets 4240, 4190, 4160.

DLF – Feed the Bears

DLF has made a reversal pattern at a key resistance area

Tomorrow short DLF at retracement level 331 with stoploss at 342 for targets 309, 290, 275.

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Nifty Outlook 11-June-2009

Bull Level

1) Buy nifty future at retracement level of 4605 with stoploss at 4576 for targets 4645, 4680, 4715.

2) In the scenario of nifty future crossing 4741 buy nifty future on retracement to 4701 with 4675 as stoploss for targets 4750, 4775, 4805

Bear Level

1) Short nifty future at resistance level of 4720 with 4741 as stoploss for targets 4690, 4660, 4620

2) Nifty future, breaking 4576 short at retracement level of 4630 with stoploss at 4667 for targets 4560, 4520, 4485.

Looking Good – Renuka

For thursday trading buy renuka on retracement to 141 with stoploss at 139 for targets 146, 150, 155