Weekly Outlook 10-August-2009 till 14-August-2009

Weekly Outlook post format is undergoing change. Do leave your opinion on the new format.

Nifty

Weekly Resistance Levels

R5 4771

R4 4739

R3 4670

R2 4600

R1 4542

Weekly Support Levels

S1 4428

S2 4400

S3 4341

S4 4299

S5 4271

Bank Nifty

Weekly Resistance Levels

R5 7763

R4 7632

R3 7569

R2 7499

R1 7404

Weekly Support Levels

S1 7263

S2 7197

S3 7123

S4 7104

S5 6942

Reliance – King of Stocks

Weekly Resistance Levels

R5 2199

R4 2161

R3 2123

R2 2085

R1 2057

Weekly Support Levels

S1 1975

S2 1949

S3 1910

S4 1860

S5 1800

Last week’s outlook

Last week’s profit tracker

Technorati : Bank Nifty, Nifty, Nifty Outlook, Reliance, SBIN, Weekly Nifty
Del.icio.us : Bank Nifty, Nifty, Nifty Outlook, Reliance, SBIN, Weekly Nifty
Zooomr : Bank Nifty, Nifty, Nifty Outlook, Reliance, SBIN, Weekly Nifty
Flickr : Bank Nifty, Nifty, Nifty Outlook, Reliance, SBIN, Weekly Nifty

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

Technorati : July, L&T, Nifty, Reliance, SBI, Weekly Outlook
Del.icio.us : July, L&T, Nifty, Reliance, SBI, Weekly Outlook
Zooomr : July, L&T, Nifty, Reliance, SBI, Weekly Outlook
Flickr : July, L&T, Nifty, Reliance, SBI, Weekly Outlook

Weekly outlook 22 June – 26 June 2009

NIFTY

This week nifty will run into huge resistances at 4430 and 4520. Reversal from either of the levels will make nifty weak.

Supports for this week are placed at friday low of 4201 and 4000.

Sultan of stocks – Reliance

Last week RIL came under the attack of bears as i had writen in previous weekly outlook.

This week RIL will have tremendous resistances at 2150 and 2200. Inability to trade above first resistance level will mean, RIL getting slaughtered to 1975 and 1870.

King of Banks – SBIN

SBI was the most sought after stock by bulls to daytrade last week as it moved moved from second support level to second resistance level.

This week resistances are placed at 1750 and 1830 while supports are placed at 1700 and 1630 for sbi. As a result, SBI may go into sideways trend this week.

Oil Barron – ONGC

ONGC broke down from its trading range last week. Resistances for ONGC this week are placed at 1065 and 1090. If in the course of this week, ONGC fails to close above second resitance bears will attack ONGC to 950 and 890.

Technorati : Expiry, Indian Stock Market, Nifty, Nifty June Expiry, ONGC, Reliance, SBI
Del.icio.us : Expiry, Indian Stock Market, Nifty, Nifty June Expiry, ONGC, Reliance, SBI
Zooomr : Expiry, Indian Stock Market, Nifty, Nifty June Expiry, ONGC, Reliance, SBI
Flickr : Expiry, Indian Stock Market, Nifty, Nifty June Expiry, ONGC, Reliance, SBI

Weekly Market Oulook

NIFTY

This week nifty will run into huge resistances at 4645, 4695, 4790. Unable to trade above first level will take nifty down to support levels of 4535 and 4485, 4400.

RELIANCE – SULTAN OF STOCKS

Reliance looks all set to fall to support levels of 2175 and 2110 this week. Reliance will have huge resistances at 2270, 2310.

SBIN-KING OF BANKS

SBIN has huge resitances at 1830 and 1875 for this week. Inability to trade above first resitance level will drag SBI down to 1740 and 1700.

ONGC-OIL BARRON

If ONGC is unable to trade above this weeks high of 1215, ONGC will come under bear pressure. Supports exist at 1155 and 1115.

Weekend analysis of nifty and index biggies and a fibonacci confluence

Last week had plenty for both bulls and bears.

All the index biggies traded as per levels mentioned in Jerry’s weekly analysis of index biggies .

In the end bulls were clear winners with a 400 point rally in nifty from the low of 4090. The week ahead should be really interesting because there is a fibonacci time cluster confluence happening on june 4 – june 8. As traders, we should expect change of trend in this time period.

NIFTY

For the week ahead, nifty support levels are placed at 4350 and 4250 levels while resitances are placed at 4570 and 4650 repectively.

RELIANCE

Sultan of stocks closed near a high resistance zone with reistances coming at 2340 and 2390. Weekly supports for reliance exists at 2230 and 2180 levels.

SBIN

King of banks had a most volatile week with a journey from weekly close to support level and back to resistance levels. In the week ahead, SBI will have huge resistance at 1900 and 1970 levels while support levels are placed at 1780 and 1700 levels.

ONGC

In the week ahead, ONGC could be the deal breaker. ONGC will run into huge resistance at 1250, 1320 levels. Inability to sustain above first resitance level will drag the stock down to 1100 and 900 levels.

Nifty outlook 25-May-2009

Reflecting about a playful friday

SunTV did not really shine as expected. Readers of the blog would have made a small loss in the trade. However readers who shorted nifty future as per levels given would have printed out the almighty dollar as nifty crashed from short level to almost 3rd target.


For monday trading

Bull Level

Buy nifty future at retracement level of 4210 with stoploss at 4192 for targets 4275, 4300, 4331.

Bear Level

1) In the scenario of nifty future breaking 4192, short nifty future at retracment to 4210 with 4225 as stoploss for targets 4165, 4140, 4125.

2) Short nifty future when it trades at 3rd target of long level of 4331. Instead of shorting in future buy 4000 june month put at around 70 rs with stoploss at 56 rs for targets 95, 112, 130.

If this trade becomes deep in the money, one can carry the position for targets 180 ,195.

Impending Breakout – ADLABS




Adlabs is a at a critical level. On monday crossing 345, buy adlabs on retracement to 334 with stoploss at 322 for targets 367, 385. It is essential that adlabs crosses 345 in futures before this trade is taken.

Note:

I have tried to analyse RIL, SBI and ONGC on a weekly basis here

Weekend Analysis of Index biggies

Sultan of Stocks – RIL

RIL found it impossible to penetrate and trade above 61.8 expansion level last week. This week, RIL will run into huge resitances at 2315 and 2375. Unable to trade above the first resistance level will be first sign of weakness in RIL and it can correct to weekly support levels at 2000 and 1950.

King of Banks – SBI

SBI was the strongest index stock last week retaining most of the gains it made on monday. For this week resistances for SBI are placed at 1875 and 1950 while supports are placed at 1590 and 1520.

Oil Barron – ONGC

ONGC was quite the star last week. In doing so, ONGC has moved to 61.8 retracement of the fall from its all time high and therefore at huge resitance levels. This week ONGC will have huge resitances at 1130 and 1180 levels. If ONGC is unable to cross first resitance level, it can easily correct to support levels of 980 and 920.