TECHNICAL OUTLOOK 02 NOVEMBER

Nifty 3767.05

Nifty is likely to test 3820 in coming trading sessions and this view holds good as long as Nifty stays above 3735.

Today, if Nifty sustains above 3770, then it could test 3800 and above 3800 it could test 3820.


ACC 978.15

The short term trend is looking bullish and it has potential of testing 1050 in coming trading sessions. Buy on decline with a stop at 950.

The short term bullish view in this scrip would get negated if it closes below 930.
Long term investors can continue to hold this scrip with a stop at 880 for good upside potential in coming months.


DELIVERY CALLS

Madhav Marbles 104.70

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 140 in coming weeks. Buy on decline with a stop at 85.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.