Nifty 3430.35
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions. Now the rally is likely to be broad based in Index scrips.
Today, if Nifty sustains above 3420 and moves above 3440, then initially it could test 3460-3470 and above that level, it could test 3500 level.
The stop for the longs is 3405.
SHORT TERM TRADING CALLS
GAIL 271.00
The short term trend is looking bullish. It has potential of testing 300 in coming trading sessions. Fresh long positions can be initiated on price weakness with a stop at 260.
TATA MOTORS 854.00
If this scrip sustains above 850, then long positions can be initiated around this level with a stop at 845, for a target of 900 in coming trading sessions.
For deliveries, the stop can be kept at 820.
DELIVERY CALLS
Adlabs 299.10
The trend in this scrip is looking bullish and it has potential of testing 350 in coming weeks.
In the short term, price weakness towards 250 can be used to take delivery with a stop at 250 for a target of 350 initially.
If this scrip moves above 350 and sustains above that level, then it would impart bullishness in the long term charts.
Polaris 112.05
It seems that the scrip has made a major bottom recently.
In the short term, if it sustains above 100 and moves above 125, then it has good upside potential.
Buy if it moves above 125 or buy now with a stop at 100.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 31, 2006
Wednesday, August 30, 2006
TECHNICAL OUTLOOK - 30, AUGUST
Nifty 3425.70
Short term trend in Nifty is looking bullish and it has potential of testing 3500 in coming trading sessions.
Today, if Nifty sustains above 3405 and moves above 3430, then it could test 3460-3470 level.
The stop for the longs is 3390.
TATA STEEL 515.90
If this scrip sustains above 515, then it could move up for further higher targets. A move above 530 would confirm the upside. Stop for the longs 515.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3500 in coming trading sessions.
Today, if Nifty sustains above 3405 and moves above 3430, then it could test 3460-3470 level.
The stop for the longs is 3390.
TATA STEEL 515.90
If this scrip sustains above 515, then it could move up for further higher targets. A move above 530 would confirm the upside. Stop for the longs 515.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 29, 2006
TECHNICAL OUTLOOK - 29, AUGUST
Nifty 3401.10
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3385, then it could test 3440-3450 level.
The stop for the longs is 3375.
RELIANCE 1122.10
Short term trend in Reliance is looking bullish. If it sustains above 1110, then it has potential of testing 1160 in coming trading sessions.
In case, if it moves below 1110, then it could bounce from 1085.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3385, then it could test 3440-3450 level.
The stop for the longs is 3375.
RELIANCE 1122.10
Short term trend in Reliance is looking bullish. If it sustains above 1110, then it has potential of testing 1160 in coming trading sessions.
In case, if it moves below 1110, then it could bounce from 1085.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 28, 2006
TECHNICAL OUTLOOK - 28, AUGUST
Nifty 3385.95
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3375, then it could test 3420-3430 level.
The stop for the longs is 3355.
ACC 908.05
Short term trend in ACC is looking bullish. If it sustains above 902, then it has potential of testing 950 in coming trading sessions.
Even if it violates 902, the bullish view would remain valid until it closes below 890.
INFOSYS 1765.95
Short term trend in Infosys is looking bullish. If it sustains above 1750, then it has potential of testing 1820 in coming trading sessions.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3375, then it could test 3420-3430 level.
The stop for the longs is 3355.
ACC 908.05
Short term trend in ACC is looking bullish. If it sustains above 902, then it has potential of testing 950 in coming trading sessions.
Even if it violates 902, the bullish view would remain valid until it closes below 890.
INFOSYS 1765.95
Short term trend in Infosys is looking bullish. If it sustains above 1750, then it has potential of testing 1820 in coming trading sessions.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 25, 2006
TECHNICAL OUTLOOK - 25, AUGUST
Nifty 3370.40
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty moves above 3380 and sustains above that level, then it could test 3410-3420 level initially.
The stop for the longs is 3355.
Satyam 807.45
Short term trend in Satyam is looking bullish. It has potential of testing 850 in coming trading sessions. Stop for the longs is 796.
It is likely to move up from current levels. Instead, if it moves below 803, then it is likely to bounce from 796.
For deliveries, the stop can be kept at 785.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty moves above 3380 and sustains above that level, then it could test 3410-3420 level initially.
The stop for the longs is 3355.
Satyam 807.45
Short term trend in Satyam is looking bullish. It has potential of testing 850 in coming trading sessions. Stop for the longs is 796.
It is likely to move up from current levels. Instead, if it moves below 803, then it is likely to bounce from 796.
For deliveries, the stop can be kept at 785.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 24, 2006
TECHNICAL OUTLOOK - 24, AUGUST
Nifty 3335.80
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Positional traders can exit their long positions, if Nifty trades below 3300.
Today, it seems Nifty is likely to bounce from 3310-3320. Initially, it should cross 3355 and sustain above this level for further upside.The stop for the longs is 3300.
Reliance 1064.50
Short term trend in Reliance is looking bullish. If Reliance doesn’t violate 1045, then it has potential of testing 1100 and above in coming trading sessions. Below 1045, it could test 1030, but the bullish view would remain same.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Positional traders can exit their long positions, if Nifty trades below 3300.
Today, it seems Nifty is likely to bounce from 3310-3320. Initially, it should cross 3355 and sustain above this level for further upside.The stop for the longs is 3300.
Reliance 1064.50
Short term trend in Reliance is looking bullish. If Reliance doesn’t violate 1045, then it has potential of testing 1100 and above in coming trading sessions. Below 1045, it could test 1030, but the bullish view would remain same.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 23, 2006
TECHNICAL OUTLOOK - 23, AUGUST
NIfty 3364.60
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3330, then it has potential of testing 3400. The stop for the longs is 3330.
A move below 3350 is an early indication of weakness and a move above 3380 would indicate bullishness.
Tata steel 515.15
Short term trend in Tata steel is looking bullish and previously it was mentioned that a move above 515 would impart bullishness. Yesterday, it moved above 515 and now if it stays above 510, then it has potential of testing 550 in coming trading sessions. Now the stop for the longs is 510.
If it moves below 510, then it has potential of testing 495 level, from where it is likely bounce for higher targets.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3330, then it has potential of testing 3400. The stop for the longs is 3330.
A move below 3350 is an early indication of weakness and a move above 3380 would indicate bullishness.
Tata steel 515.15
Short term trend in Tata steel is looking bullish and previously it was mentioned that a move above 515 would impart bullishness. Yesterday, it moved above 515 and now if it stays above 510, then it has potential of testing 550 in coming trading sessions. Now the stop for the longs is 510.
If it moves below 510, then it has potential of testing 495 level, from where it is likely bounce for higher targets.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 22, 2006
TECHNICAL OUTLOOK - 22, AUGUST
Nifty 3366.00
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3355 and moves above 3370, then it has potential of testing 3400. The stop for the longs is 3350.
ACC 911.15
Short term trend in ACC is looking bullish and if this scrip stays above 902, then it has potential of testing 950 in coming trading sessions. Stop for the longs 902.
Medium term Outlook of Nifty
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 3200.
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 end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3355 and moves above 3370, then it has potential of testing 3400. The stop for the longs is 3350.
ACC 911.15
Short term trend in ACC is looking bullish and if this scrip stays above 902, then it has potential of testing 950 in coming trading sessions. Stop for the longs 902.
Medium term Outlook of Nifty
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 3200.
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 end 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, August 21, 2006
TECHNICAL OUTLOOK - 21, AUGUST
Nifty 3356.75
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400. If Nifty trades below 3340, then it has potential of testing 3000-3010, from where it is likely to bounce.
TCS 969.70
Short term trend in TCS is looking bullish and if this scrip stays above 960 and moves above 980, then it has potential of testing 1030 in coming trading sessions. Stop for the longs 960.
Tata Steel 513.00
Short term trend in Tata Steel is looking bullish and if this scrip stays above 515, then it has potential of moving towards 550-560 level initially. Instead, if it fails to sustain above 515, then it has potential of testing 495 from where it is likely to bounce.
GAIL 254.25
The outlook for this scrip would be bullish if it stays above 250 and moves above 260. If it moves above 260, then it has potential of testing 300 in coming trading sessions.
Medium term Outlook of Nifty
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 3050.
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.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400. If Nifty trades below 3340, then it has potential of testing 3000-3010, from where it is likely to bounce.
TCS 969.70
Short term trend in TCS is looking bullish and if this scrip stays above 960 and moves above 980, then it has potential of testing 1030 in coming trading sessions. Stop for the longs 960.
Tata Steel 513.00
Short term trend in Tata Steel is looking bullish and if this scrip stays above 515, then it has potential of moving towards 550-560 level initially. Instead, if it fails to sustain above 515, then it has potential of testing 495 from where it is likely to bounce.
GAIL 254.25
The outlook for this scrip would be bullish if it stays above 250 and moves above 260. If it moves above 260, then it has potential of testing 300 in coming trading sessions.
Medium term Outlook of Nifty
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 3050.
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, August 18, 2006
TECHNICAL OUTLOOK - 18, AUGUST
Nifty 3353.90
Short term traders can exit their long positions for the time being if Nifty trades below 3340.
However, short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400.
Medium term Outlook of Nifty
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 3050.
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.
Short term traders can exit their long positions for the time being if Nifty trades below 3340.
However, short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400.
Medium term Outlook of Nifty
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 3050.
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, August 17, 2006
TECHNICAL OUTLOOK - 17, AUGUST
Nifty 3356.05
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty trades below 3340, then it has potential of testing 3310-3320 level from where nifty is likely to bounce for higher targets.
Instead, if it sustains above 3340 and moves above 3370, then it has potential of testing 3400.
The stop for the longs is 3280.
Satyam 784.10
The short term trend in this scrip is looking bullish. If Satyam violates 780 level, then it could test 770, from where it is likely to bounce. On the upper side, initially, it could test 820. Stop for the long positions for short term traders is 770.
Medium term Outlook of Nifty
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 3050.
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 is looking bullish and this view holds good as long as Nifty stays above 3280 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty trades below 3340, then it has potential of testing 3310-3320 level from where nifty is likely to bounce for higher targets.
Instead, if it sustains above 3340 and moves above 3370, then it has potential of testing 3400.
The stop for the longs is 3280.
Satyam 784.10
The short term trend in this scrip is looking bullish. If Satyam violates 780 level, then it could test 770, from where it is likely to bounce. On the upper side, initially, it could test 820. Stop for the long positions for short term traders is 770.
Medium term Outlook of Nifty
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 3050.
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, August 16, 2006
TECHNICAL OUTLOOK - 16, AUGUST
Nifty 3313.10
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3350 level initially, if it sustains above 3280. The stop for the longs is 3280.
Tisco 531.50
The short term trend in this scrip is looking bullish. If the scrip doesn’t violate 515, then it has potential of testing 600 in coming trading sessions.
Medium term Outlook of Nifty
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 3050.
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 is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3350 level initially, if it sustains above 3280. The stop for the longs is 3280.
Tisco 531.50
The short term trend in this scrip is looking bullish. If the scrip doesn’t violate 515, then it has potential of testing 600 in coming trading sessions.
Medium term Outlook of Nifty
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 3050.
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, August 14, 2006
TECHNICAL OUTLOOK - 14, AUGUST
Nifty 3274.35
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3310-3320 level initially, if it sustains above 3260. The stop for the longs is 3240.
Tcs 967.60
The short term trend in this scrip is looking bullish. If the scrip manages to stay above 972, then it has potential of testing 1000 initially in few trading sessions.
Medium term Outlook of Nifty
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 3050.
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 is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3310-3320 level initially, if it sustains above 3260. The stop for the longs is 3240.
Tcs 967.60
The short term trend in this scrip is looking bullish. If the scrip manages to stay above 972, then it has potential of testing 1000 initially in few trading sessions.
Medium term Outlook of Nifty
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 3050.
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, August 11, 2006
TECHNICAL OUTLOOK - 11, AUGUST
Nifty 3260.10
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty fails to move above 3265 and moves below 3240, then it has potential of tesing 3220-3225 region from where it is likely to bounce.
Instead, if Nifty manages to stay above 3240, then it would test 3265. If Nifty moves above 3265 level and sustains above that level, then it has potential of testing 3300.
The stop for the longs is 3225.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty fails to move above 3265 and moves below 3240, then it has potential of tesing 3220-3225 region from where it is likely to bounce.
Instead, if Nifty manages to stay above 3240, then it would test 3265. If Nifty moves above 3265 level and sustains above that level, then it has potential of testing 3300.
The stop for the longs is 3225.
Medium term Outlook of Nifty
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, August 10, 2006
TECHNICAL OUTLOOK - 10, AUGUST
Nifty 3254.60
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3225 level, then it would test 3270-3280 level and an intraday correction around this level is possible.
On the other hand, if Nifty moves above 3280 and sustains above that level, then rally would continue without any minor correction.
The stop for the longs is 3225.
Acc 867.50
If the scrip sustains above 855 level, then it has potential of testing 900 in coming trading sessions.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3225 level, then it would test 3270-3280 level and an intraday correction around this level is possible.
On the other hand, if Nifty moves above 3280 and sustains above that level, then rally would continue without any minor correction.
The stop for the longs is 3225.
Acc 867.50
If the scrip sustains above 855 level, then it has potential of testing 900 in coming trading sessions.
Medium term Outlook of Nifty
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, August 09, 2006
TECHNICAL OUTLOOK - 09, AUGUST
Nifty 3212.40
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3190, then, initially it could move towards 3240 and if Nifty sustains above this level, then it could move towards 3260-3280 region.
The stop for the longs is 3190.
Reliance 977.15
If the scrip sustains above 985 level, then it has potential of testing 1020 in coming trading sessions.
TCS 954.80
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3190, then, initially it could move towards 3240 and if Nifty sustains above this level, then it could move towards 3260-3280 region.
The stop for the longs is 3190.
Reliance 977.15
If the scrip sustains above 985 level, then it has potential of testing 1020 in coming trading sessions.
TCS 954.80
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
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, August 08, 2006
TECHNICAL OUTLOOK - 08, AUGUST
Nifty 3176.75
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3135 is not violated and if Nifty moves above 3190 and sustains above that level, then the present downside will be over.
On the other hand, if it breaks 3135, then correction could terminate between 3080 and 3100.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3135 is not violated and if Nifty moves above 3190 and sustains above that level, then the present downside will be over.
On the other hand, if it breaks 3135, then correction could terminate between 3080 and 3100.
Medium term Outlook of Nifty
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, August 07, 2006
TECHNICAL OUTLOOK - 07, AUGUST
Nifty 3176.75
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3150 is not violated and if Nifty moves above 3210 and sustains above that level, then it could test 3240-3250 region. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then correction could extend further in the downside.
Reliance 967.80
The scrip is likely to bottom out around this level, if the level 960 is not violated. If it moves below 960, then it could bottom out around 930 levels. Once this scrip bottoms out, on the upper side, in coming trading sessions, Reliance has potential of testing 1050 levels.
TCS 948.55
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3150 is not violated and if Nifty moves above 3210 and sustains above that level, then it could test 3240-3250 region. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then correction could extend further in the downside.
Reliance 967.80
The scrip is likely to bottom out around this level, if the level 960 is not violated. If it moves below 960, then it could bottom out around 930 levels. Once this scrip bottoms out, on the upper side, in coming trading sessions, Reliance has potential of testing 1050 levels.
TCS 948.55
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
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, August 04, 2006
TECHNICAL OUTLOOK - 04, AUGUST
Nifty 3190.00
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if Nifty stays above 3150 and moves above 3210, then it could move towards 3250. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then crrection could extend further in the downside.
Acc 858.35
If the level 850 is held, then this scrip has potential of testing 890 in coming trading sessions. If 850 is broken, then it could test 820 in the downside.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if Nifty stays above 3150 and moves above 3210, then it could move towards 3250. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then crrection could extend further in the downside.
Acc 858.35
If the level 850 is held, then this scrip has potential of testing 890 in coming trading sessions. If 850 is broken, then it could test 820 in the downside.
Medium term Outlook of Nifty
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, August 03, 2006
TECHNICAL OUTLOOK - 03, AUGUST
Nifty 3182.10
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has higher targets above 3250 level.
Today, if Nifty stays above 3150 level, then it could move towards 3250 level. Stop for the longs is 3150.
The short term trend in this scrip is looking bullish and it has potential of testing 800 in few trading sessions, if it stays above 740 level.
TCS 940.90
If Tcs sustains above 920 level, then it has potential of moving towards 970 in coming trading sessions. The stop for the view is 920.
Medium term Outlook of Nifty
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 is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has higher targets above 3250 level.
Today, if Nifty stays above 3150 level, then it could move towards 3250 level. Stop for the longs is 3150.
visit us at www.waveriders.in
Telco 759.70The short term trend in this scrip is looking bullish and it has potential of testing 800 in few trading sessions, if it stays above 740 level.
TCS 940.90
If Tcs sustains above 920 level, then it has potential of moving towards 970 in coming trading sessions. The stop for the view is 920.
Medium term Outlook of Nifty
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, August 02, 2006
TECHNICAL OUTLOOK - 02, AUGUST
Nifty 3147.80
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level.
Today, if Nifty trades below 3135 level, then it could terminate the present downside around 3080-3100 region. On the other hand, if it sustains above 3135 and moves above 3170 level, then rally could extend further in the upside.The stop for the longs is 3050.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level.
Today, if Nifty trades below 3135 level, then it could terminate the present downside around 3080-3100 region. On the other hand, if it sustains above 3135 and moves above 3170 level, then rally could extend further in the upside.The stop for the longs is 3050.
visit us at www.waveriders.in
Satyam 751.50
If satyam sustains above 745 level, then it has potential of moving towards 800 in coming trading sessions. If this level is violated, then it could test 720 levels in the downside before moving up.
Medium term Outlook of Nifty
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, August 01, 2006
TECHNICAL OUTLOOK - 01, AUGUST
Nifty 3143.20
The short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, it seems Nifty could terminate the present downside around 3080-3100 region. Nifty is likely to bounce from these levels.The stop for the longs is 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 short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, it seems Nifty could terminate the present downside around 3080-3100 region. Nifty is likely to bounce from these levels.The stop for the longs is 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.
Subscribe to:
Posts (Atom)