TECHNICAL OUTLOOK 22 DECEMBER

Nifty 3833.50

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DELIVERY CALLS


Blow Plast 100.00

The scrip is in long term bull trend and it has good potential in the long run.

In the extreme short term, it is likely to decline towards 90.

In medium term, chart indicates a rally towards 140 in coming weeks. Buy on decline towards 90 with a stop at 80.



Syndicate Bank 72.15

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 110 in coming weeks. Buy on decline towards 65 with a stop at 58.




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.


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