Indian Stock Market Outlook 31-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

Readers who went short in nifty future and L&T as we had written would have had a nice trading day at the market.

Tomorrow is expiry as well as last trading day of the year.

Link to yesterday’s post : http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-30-december.html

Nifty

Nifty will face huge resistance at 5190 tomorrow. Breaking and trading above that level with volumes, nifty can move to 5220 and 5270.

On the other hand, breaking and trading below today’s low of 5155, nifty will move to 5135, 5115, 5095.

ICICIBANK – Short Pick

ICICIBANK looks weak on charts after reversing from a strong resistance zone.

ICICIBANK future may be short sold around 880 with stop loss at 890 for targets 866, 860, 850.

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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Indian Stock Market Outlook 29-December-2009 (Nifty, Bank Nifty and Stocks)

Nifty Future

Nifty future may be shorted at 5225 with stop loss at 5250 for targets 5185, 5170, 5150.

Nifty future may be bought at 5145 with stop loss at 5125 for targets 5185, 5225, 5260.

Trading the bank nifty

Other links

Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_26.html

Gold View update: http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_27.html

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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Indian Stock Market Outlook 24-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

As we had written yesterday nifty took support exactly at 4993 and moved up violently from there.

Even two lots of nifty would have fetched the reader in excess of 15000 rupees.

Nifty

Tommorow nifty future should find support at around 5115 levels. If 5115 is held nifty future will move up to 5200 – 5225.

5225 should offer resistance for nifty. If it trades above 5225 with volumes, nifty future may even move to 5290 and 5310.

On the downside, nifty future should not break 5072. Breaking and trading below 5072 nifty future will move to

5030 , 4990 and 4970.

Trading the BankNifty

updated at 9.15 am..STERLITE trading idea

STER looks like a good swing trade.

For cash traders, buy ster on retracement to 823 with stop loss at 807 for target 900.

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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Indian Stock Market Outlook 23-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

Just like we had written, nifty made open low at4967 and moved to our first target of 5000.

It was the only trade possible in what was otherwise a dull day for trading.

Link to yesterday’s post: http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-22-december.html

NIFTY

Nifty closed at a strong support area of 4985. This area should act as support in today’s trading.

As long as nifty doesn’t break yesterday low of 4967, it will move upto 5010, 5025 and 5040.

5040 level will act as strong area of resistance today.

NIFTY – Option Watch

Most Traded Puts

Most Traded Calls

There are no levels for bank nifty today.

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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Indian Stock Market Outlook 22-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP

Just as we had written, nifty traded around 4972 for most of the day and once it broke the level with volume, it fell straight to 4937.

Readers who traded BNF with our levels would have printed out the almighty dollar.

Nifty

Nifty is a stonethrow away from fibonacci confluence level of 4917.

And this will provide support for nifty future tomorrow. 4970 will act as zone of resitance.

Crossing 4970 with volumes nifty future can retest 5000 and 5035 again.

Breaking and trading below 4917, nifty future may be whacked to 4895 and 4870.

Nifty – Option Watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty

Useful links :

Gold view updated : http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_20.html

Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

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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Indian Stock Market Outlook 21-December-2009 (Nifty, Bank Nifty and Stocks)

Nifty

Chart Take

Short term RSI of nifty has broken a double top formation base.

However fibonacci confluence zones are quite nearby.

Friday low of nifty of 4972 will act as strong support for nifty.

If nifty trades below 4972 with volumes , it could get knocked down to 4930, 4905 and 4885.

On the upper side, 5025 will act as trend decider. Trading above 5025 with volumes,

nifty will move to 5060, 5090 and 5115.

Trading the Bank Nifty

Useful links :

Gold view updated : http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_20.html

Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html

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 : Bank Nifty, Day Trading, FO, Fibonacci, Intraday Trading, NF, Nifty, Stock Tips, Tips, bse, december, money, nifty outlook, nse, online trading, stock broker, stock images, stock quote
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Indian Stock Market Outlook 18-December-2009 (Nifty, Bank Nifty and Stocks)

Readers who went long at support of 5020 would have booked close to 50 points.

Readers who went short at resistance level of 5070 would have booked closed to 50 points.

BNF traders would have booked more than 15,000 rupees on 2 lots trade.

Although there was a range contraction in nifty, our readers would have minted yesterday.

Nifty

Today’s support level is placed at 5010. if 5010 is held nifty future can move 5055 and 5085.

Breaking 4990 with volumes, nifty will get smacked to 4940 and 4925 today.

5085 is huge resistance and supply zone for nifty today. Trading above 5085 with volumes nifty can move to

5140 and 5175.

Nifty – Option Watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty

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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Indian Stock Market Outlook 17-December-2009 (Nifty, Bank Nifty and Stocks)

Readers who went long at support of 5005 would have booked close to 65 points.

Readers who went short at resistance level of 5060 would have booked closed to 35 points.

BNF traders who went long at S1 level would have booked more than 100 points.

All in all, despite a choppy trading session, our readers would have made good money today.

(Yesterday’s outlook : http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-today-16-december.html).

Nifty – Chart Take

Nifty took support exactly at the trend line chart we had presented yesterday.

For tomorrow, nifty will face huge resistance around today’s high of 5072 – 5075.

Trading above 5075 with volumes , nifty will move to 5105, 5150.

On the downside, support exists at 5022. It is imperative that nifty future should not break 5004.

Breaking and trading below 5004 nifty future will knocked to 4970, 4925 and 4900.

Nifty – Options Watch

Most Active Puts

Most Active Calls

Trading the Bank Nifty

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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Indian Stock Market Today 15 December 2009 (nifty, bank nifty and stocks) outlook

Nifty short term RSI breaks trendline. Bulls not in mood to give up 5100 without fight.

As a result intraday volatlity is at its peak. Today we had to trade 3 times to make a tiny profit.

For tomorrow level of 5157 is significant for bulls. If nifty future trades above 5157 with volumes

it will move to 5190, 5220.

Today’s low of 5090 should act as support in nifty future tomorrow. If 5090 is not held nifty future will move to 5055 and 5025.

Trading the Bank Nifty

BNF could not trade above pivot level of 9150 (high made 9148) and crashed to S2 level.

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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Indian Stock Market Today 14 December 2009 (nifty, bank nifty and stocks) outlook

Nifty

Short nifty future around 5130 with stop loss at 5151 for targets 5060, 5020, 4980.

Nifty future crossing 5151, buy with stop loss of 5120 for targets 5185, 5210, 5250.

Bank Nifty Trading Levels

Useful Links

Nifty outlook for this week : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook_13.html

Gold view update: http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india.html

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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