Nifty 3130.80
The short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, if the level 3100 is not violated, Nifty is likely to test 3175 region. Even if this level is exceeded in the upside, then, Nifty is likely to test 3210-3230 region.
If the level 3100 is violated, then, nifty could bounce from 3075 region.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, July 31, 2006
Friday, July 28, 2006
TECHNICAL OUTLOOK - 28, JULY
Nifty 3156.15
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to see a correction around 3200 region and in the downside the maximum downside potential is limited to 3040 region.
Today, on the upper side, Nifty has potential of testing 3180-3200 region. The expected correction has not yet completed. So, in the downside, it has potential of testing 3100 and if this region is not held, then correction can extend towards 3050.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to see a correction around 3200 region and in the downside the maximum downside potential is limited to 3040 region.
Today, on the upper side, Nifty has potential of testing 3180-3200 region. The expected correction has not yet completed. So, in the downside, it has potential of testing 3100 and if this region is not held, then correction can extend towards 3050.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, July 27, 2006
TECHNICAL OUTLOOK - 27, JULY
Nifty 3110.15
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The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to see a minor correction around 3150-3200 region and in the downside the maximum downside potential is limited to 3040 region.
Today, if Nifty sustains above 3075 and and if Nifty crosses 3120 level, then Nifty is likely to move towards 3150.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, July 26, 2006
TECHNICAL OUTLOOK - 26, JULY
Nifty 3040.50
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3100 level if it sustains above 3050 and and if Nifty crosses 3050 level, then the stop for the longs is 3040.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3100 level if it sustains above 3050 and and if Nifty crosses 3050 level, then the stop for the longs is 3040.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, July 25, 2006
TECHNICAL OUTLOOK - 25, JULY
Nifty 2985.85
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3050 level and and also if it sustains above that level, then it is likely to test 3100 region. Now the stop for the longs is 2965.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3050 level and and also if it sustains above that level, then it is likely to test 3100 region. Now the stop for the longs is 2965.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, July 24, 2006
TECHNICAL OUTLOOK - 24, JULY
Nifty 2945.00
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to terminate the present downside correction between 2850-2900 region. A close below 2830 would negate the above view. On the upperside, a move above 3000 would indicate strength and further a move above 3060 would confirm more upside.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to terminate the present downside correction between 2850-2900 region. A close below 2830 would negate the above view. On the upperside, a move above 3000 would indicate strength and further a move above 3060 would confirm more upside.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, July 21, 2006
TECHNICAL OUTLOOK - 21, JULY
Nifty 3023.05
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850. Now Nifty is likely to move towards 3200 region initially.
Today, if Nifty sustains above 2970 region and moves past 3060 region, then it could move towards 3150 region.
On the other hand, if Nifty violates 2970 region, correction could extend further in the downside towards 2900.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850. Now Nifty is likely to move towards 3200 region initially.
Today, if Nifty sustains above 2970 region and moves past 3060 region, then it could move towards 3150 region.
On the other hand, if Nifty violates 2970 region, correction could extend further in the downside towards 2900.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, July 20, 2006
TECHNICAL OUTLOOK - 20, JULY
Nifty 2932.75
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850. Now Nifty is likely to bounce from current levels or from 2850 level and the next upmove is likely to move past 3200 region in coming trading sessions.
Banking sector is likely to see a sharp upmove in coming trading sessions.
Today, if Nifty tests 2970 region initially and sustains above 2940 region, then it could gain strength further to move towards 3060 region.
On the other hand, if Nifty violates 2920 region, correction could extend further in the downside towards 2850.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850. Now Nifty is likely to bounce from current levels or from 2850 level and the next upmove is likely to move past 3200 region in coming trading sessions.
Banking sector is likely to see a sharp upmove in coming trading sessions.
Today, if Nifty tests 2970 region initially and sustains above 2940 region, then it could gain strength further to move towards 3060 region.
On the other hand, if Nifty violates 2920 region, correction could extend further in the downside towards 2850.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, July 19, 2006
TECHNICAL OUTLOOK - 19, JULY
Nifty 2993.65
The short term trend in Nifty continues to be bullish and it has potential of testing 3300 and above in coming trading sessions. It seems Nifty could bounce from current levels or from 2950 region. A sharp rally of more than 70 points from current levels would confirm the termination of correction.
Today, if Nifty sustains above 2950 level, and moves past 3060 region, then it could gain strength further to move towards 3100 region initially.
On the other hand, if Nifty violates 2950 region, correction could extend further in the downside.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty continues to be bullish and it has potential of testing 3300 and above in coming trading sessions. It seems Nifty could bounce from current levels or from 2950 region. A sharp rally of more than 70 points from current levels would confirm the termination of correction.
Today, if Nifty sustains above 2950 level, and moves past 3060 region, then it could gain strength further to move towards 3100 region initially.
On the other hand, if Nifty violates 2950 region, correction could extend further in the downside.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, July 18, 2006
TECHNICAL OUTLOOK - 18, JULY
Nifty 3007.55
The short term trend in Nifty continues to be bullish and it has potential of testing 3300 and above in coming trading sessions. It seems Nifty could bounce from current levels or from 2950 region.
Today, if Nifty sustains above 3000 level, and moves past 3060 region, then it could gain strength further to move towards 3100 region initially.
On the other hand, if Nifty violates 3000 region, or it fails to clear 3060 region, then it is likely to test 2950.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty continues to be bullish and it has potential of testing 3300 and above in coming trading sessions. It seems Nifty could bounce from current levels or from 2950 region.
Today, if Nifty sustains above 3000 level, and moves past 3060 region, then it could gain strength further to move towards 3100 region initially.
On the other hand, if Nifty violates 3000 region, or it fails to clear 3060 region, then it is likely to test 2950.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, July 17, 2006
TECHNICAL OUTLOOK - 17, JULY
Nifty 3123.35
The short term trend in Nifty continues to be bullish and it has potential of testing 3300 and above in coming trading sessions. It is likely to move towards that region from current levels or it could test 3000 level first before moving up.
Today, if Nifty sustains above 3085 level, and moves past 3150 region, then it could move towards 3200. Move above 3150 would confirm further bullishness. The stop for the longs is 3085.
On the other hand, if Nifty violates 3085 region, it is likely to test 3000 region.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty continues to be bullish and it has potential of testing 3300 and above in coming trading sessions. It is likely to move towards that region from current levels or it could test 3000 level first before moving up.
Today, if Nifty sustains above 3085 level, and moves past 3150 region, then it could move towards 3200. Move above 3150 would confirm further bullishness. The stop for the longs is 3085.
On the other hand, if Nifty violates 3085 region, it is likely to test 3000 region.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, July 14, 2006
TECHNICAL OUTLOOK - 14, JULY
Nifty 3169.30
Today, if Nifty sustains above 3140 and moves towards 3220 and stays above that level, then the next target of 3300 is possible in coming trading sessions. The stop for the longs is 3140 and don’t hold long positions below 3140 for the time being.
On the other hand, if Nifty violates 3140 region, initially it could test 3085 and if this level is not held, then the downside could extend further towards 3000.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Today, if Nifty sustains above 3140 and moves towards 3220 and stays above that level, then the next target of 3300 is possible in coming trading sessions. The stop for the longs is 3140 and don’t hold long positions below 3140 for the time being.
On the other hand, if Nifty violates 3140 region, initially it could test 3085 and if this level is not held, then the downside could extend further towards 3000.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, July 13, 2006
TECHNICAL OUTLOOK - 13, JULY
Nifty 3195.90
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, nifty is about to test 3220-3250 region and likely to remain here for one or two trading sessions before moving up. Now the stop for the longs for positional trades is 3140.
On contrary, a move below 3140, has possibility of pushing down the index towards 3085.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, nifty is about to test 3220-3250 region and likely to remain here for one or two trading sessions before moving up. Now the stop for the longs for positional trades is 3140.
On contrary, a move below 3140, has possibility of pushing down the index towards 3085.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, July 12, 2006
TECHNICAL OUTLOOK - 12, JULY
Nifty 3142.00
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, if the level 3085 is violated, then Nifty has potential of testing 3000 region. It seems Nifty could bounce from any of these regions and in the upside a cross over above 3150 would indicate termination of correction.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, if the level 3085 is violated, then Nifty has potential of testing 3000 region. It seems Nifty could bounce from any of these regions and in the upside a cross over above 3150 would indicate termination of correction.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, July 11, 2006
TECHNICAL OUTLOOK - 11, JULY
Nifty 3142.00
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, if Nifty moves above 3150 region and if it sustains above that level, then Nifty is likely to test 3220-3250 level. Stop for the longs is 3120.
Instead, a move below 3120 would turn Nifty weak further and in this case it could test 3085 region. And below 3085, 3000 level is likely.
The trend in Infosys is looking bullish and it has potential of testing 3400-3450 region in coming trading sessions. Long positions can be initiated at current levels, with a stop at 3125 or futures positions can be hedged using 3100 put option.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, if Nifty moves above 3150 region and if it sustains above that level, then Nifty is likely to test 3220-3250 level. Stop for the longs is 3120.
Instead, a move below 3120 would turn Nifty weak further and in this case it could test 3085 region. And below 3085, 3000 level is likely.
The trend in Infosys is looking bullish and it has potential of testing 3400-3450 region in coming trading sessions. Long positions can be initiated at current levels, with a stop at 3125 or futures positions can be hedged using 3100 put option.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, July 10, 2006
TECHNICAL OUTLOOK - 10, JULY
Nifty 3075.85
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, Nifty is likely to bounce from current levels or from 3000 region and in the upside if it crosses 3150 region, it indicates termination of downside correction.
On the other hand, a move below 3000 would invite further downside towards 2900.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend continues to be bullish and Nifty has potential of testing 3300 and above, as long as it stays above 3000.
Today, Nifty is likely to bounce from current levels or from 3000 region and in the upside if it crosses 3150 region, it indicates termination of downside correction.
On the other hand, a move below 3000 would invite further downside towards 2900.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, July 07, 2006
TECHNICAL OUTLOOK - 07, JULY
Nifty 3156.40
The short term trend continues to be bullish and Nifty has potential of testing 3300, as long as it stays above 3000.
Today, if Nifty stays above 3110 region, then Nifty is likely to move up towards 3200 level sharply and further higher targets are in store. The stop for the longs 3110.
On the other hand, a move below 3110 would invite further downside towards 3075 and if this level 3075 is not held, then it is likely to test 3000.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend continues to be bullish and Nifty has potential of testing 3300, as long as it stays above 3000.
Today, if Nifty stays above 3110 region, then Nifty is likely to move up towards 3200 level sharply and further higher targets are in store. The stop for the longs 3110.
On the other hand, a move below 3110 would invite further downside towards 3075 and if this level 3075 is not held, then it is likely to test 3000.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, July 06, 2006
TECHNICAL OUTLOOK - 06, JULY
Nifty 3197.10
Today, if Nifty stays above 3160 region, then Nifty is likely to move up towards 3300 level. Stop for the longs is 3160.
On the other hand, a move below 3160 would invite further downside towards 3120 and if this level 3120 is not held, then it is likely to test 3075.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Today, if Nifty stays above 3160 region, then Nifty is likely to move up towards 3300 level. Stop for the longs is 3160.
On the other hand, a move below 3160 would invite further downside towards 3120 and if this level 3120 is not held, then it is likely to test 3075.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, July 05, 2006
TECHNICAL OUTLOOK - 05, JULY
Nifty 3138.65
The view remains the same. Today, if Nifty sustains above 3130 region, then Nifty is likely to move up above 3200 region and in few trading sessions it could test 3300 region. Stop for the longs is 3130.
On the other hand, a move below 3130 would invite further downside and in this case, Nifty could see a range bound trading between 3075 and 3130. And also, a move below 3075 would invite further correction towards 3000. As long as Nifty stays above 2940, the upside target of 3300 is vaild.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Email ; asksathia@hotmail.com
The view remains the same. Today, if Nifty sustains above 3130 region, then Nifty is likely to move up above 3200 region and in few trading sessions it could test 3300 region. Stop for the longs is 3130.
On the other hand, a move below 3130 would invite further downside and in this case, Nifty could see a range bound trading between 3075 and 3130. And also, a move below 3075 would invite further correction towards 3000. As long as Nifty stays above 2940, the upside target of 3300 is vaild.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Email ; asksathia@hotmail.com
Tuesday, July 04, 2006
TECHNICAL OUTLOOK - 04, JULY
Nifty 3150.95
Today, if Nifty sustains above 3130 region, and moves past 3160 region, then Nifty is likely to move up above 3200 region towards 3300 region sharply. Stop for the longs 3130.
On the other hand, a move below 3130 would invite further downside and in this case, Nifty could see a range bound trading between 3075 and 3130. And further, a move below 3075 would invite further correction towards 3000.
Tisco has potential of moving towards 575 region in one or two trading sessions. Long positions can be initiated at current levels with a stop at 530.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Today, if Nifty sustains above 3130 region, and moves past 3160 region, then Nifty is likely to move up above 3200 region towards 3300 region sharply. Stop for the longs 3130.
On the other hand, a move below 3130 would invite further downside and in this case, Nifty could see a range bound trading between 3075 and 3130. And further, a move below 3075 would invite further correction towards 3000.
Tisco has potential of moving towards 575 region in one or two trading sessions. Long positions can be initiated at current levels with a stop at 530.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
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Monday, July 03, 2006
TECHNICAL OUTLOOK - 03, JULY
Nifty 3128.20
It seems Nifty is likely to test its next short term target of 3300 region in coming trading sessions and it should remain above 2940 to achieve the target.
Today, if Nifty sustains above 3105 region, then it could move towards 3200 level. On the other hand, a move below 3075 would invite further downside and in this case, Nifty could test 3000 level before bouncing back. Stop for the longs is 3105.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Email : asksathia@hotmail.com
It seems Nifty is likely to test its next short term target of 3300 region in coming trading sessions and it should remain above 2940 to achieve the target.
Today, if Nifty sustains above 3105 region, then it could move towards 3200 level. On the other hand, a move below 3075 would invite further downside and in this case, Nifty could test 3000 level before bouncing back. Stop for the longs is 3105.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Email : asksathia@hotmail.com
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