Tuesday, October 31, 2006
TECHNICAL OUTLOOK 31 OCTOBER
Nifty 3769.10
Nifty is likely to test 3800 in coming trading sessions and this view holds good as long as Nifty stays above 3720.
Today, if Nifty sustains above 3780, then it could test 3800.
Instead, if it fails to sustain above 3780, then in the downside it could test 3740.
Allahabad Bank 92.70
The short term trend is looking bullish and it has potential of testing 110 in coming trading sessions. Buy on weakness with a stop at 87.
Long term investors can continue to hold this scrip with a stop at 80 for good upside potential in coming months.
Outlook of GAIL is available at www.waveriders.in
DELIVERY CALLS
Dr. Agarwals 39.55
The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 50 in coming weeks. Buy on decline with a stop at 35.
Medium term Outlook of Nifty (dated 04/10/2006)
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
asksathia@hotmail.com
Monday, October 30, 2006
TECHNICAL OUTLOOK 30 OCTOBER
Nifty 3739.35
As expected, Nifty bounced, and sustained above 3700 to test 3740 level and as previously mentioned, Nifty is likely to test 3800 levels in coming trading sessions. And this view holds good as long as Nifty stays above 3700.
Today, if Nifty sustains above 3720, then it could test 3775.
BHEL 2474.55
The short term trend is looking bullish and it has potential of testing 2800 in coming trading sessions. Buy on weakness with a stop at 2400.
Long term investors can continue to hold this scrip with a stop at 2200 for good upside potential in coming months.
Outlook of Maruti and KLG systel is available at www.waveriders.in
DELIVERY CALLS
In short term, chart indicates a rally towards 25 in coming weeks. Buy on decline with a stop at 15.
Medium term Outlook of Nifty (dated 04/10/2006)
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
asksathia@hotmail.com
Thursday, October 26, 2006
TECHNICAL OUTLOOK - 26 OCTOBER
Nifty 3657.30
If Nifty sustains above 3665, it is likely to move up further and it could test 3750 initially in coming trading sessions. If it fails to sustain above 3665, then in the downside it could test 3640 and below this level it could test 3620.
And as long as Nifty stays above 3620, Nifty has possibility of boucing back to 3750 level in coming trading sessions. If it moves below 3620, then achieving the upside target would get delayed.
Today, if Nifty sustains above 3665, then it could test 3700 and above 3700 it could test 3720.
DELIVERY CALLS
NOCIL 30.75
The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 40 in coming weeks. Buy on decline with a stop at 25.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
If Nifty sustains above 3665, it is likely to move up further and it could test 3750 initially in coming trading sessions. If it fails to sustain above 3665, then in the downside it could test 3640 and below this level it could test 3620.
And as long as Nifty stays above 3620, Nifty has possibility of boucing back to 3750 level in coming trading sessions. If it moves below 3620, then achieving the upside target would get delayed.
Today, if Nifty sustains above 3665, then it could test 3700 and above 3700 it could test 3720.
DELIVERY CALLS
NOCIL 30.75
The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 40 in coming weeks. Buy on decline with a stop at 25.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Monday, October 23, 2006
TECHNICAL OUTLOOK - 23 OCTOBER
Nifty 3683.50
As previously mentioned, if Nifty sustains above 3665 level, then the trend would remain bullish and in the upper side, it could test 3700. And if Nifty sustains above 3700, then it is likely to move up further to test 3780-3800 levels in coming trading sessions.
Today, if Nifty sustains above 3665, then it could test 3700 and above 3700 it could test 3720.
Instead, if Nifty fails to sustain above 3665 level, then in the downside it could test 3640 and below this level it could test 3620.
Hero Honda 754.50
The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. Buy on decline with a stop at 725.
Long term investors can continue to hold this scrip with a stop at 650 for good upside potential in coming months.
DELIVERY CALLS
Diamond Cables 90.30
The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 70.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
As previously mentioned, if Nifty sustains above 3665 level, then the trend would remain bullish and in the upper side, it could test 3700. And if Nifty sustains above 3700, then it is likely to move up further to test 3780-3800 levels in coming trading sessions.
Today, if Nifty sustains above 3665, then it could test 3700 and above 3700 it could test 3720.
Instead, if Nifty fails to sustain above 3665 level, then in the downside it could test 3640 and below this level it could test 3620.
Hero Honda 754.50
The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. Buy on decline with a stop at 725.
Long term investors can continue to hold this scrip with a stop at 650 for good upside potential in coming months.
DELIVERY CALLS
Diamond Cables 90.30
The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 70.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Friday, October 20, 2006
TECHNICAL OUTLOOK - 20 OCTOBER
Nifty 3677.80
If Nifty sustains above 3665 level, then the trend would turn bullish and in the upper side, it could test 3700 and above 3700 further upside is possible.
If Nifty fails to sustain above 3665 level, then in the downside it could test 3640 and below this level it could test 3620.
Hero Honda 751.00
The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. Buy on decline with a stop at 725.
Long term investors can continue to hold this scrip with a stop at 650 for good upside potential in coming months.
DELIVERY CALLS
Infotech Ent 244.45
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 320 in coming weeks. Buy on decline with a stop at 200.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
If Nifty sustains above 3665 level, then the trend would turn bullish and in the upper side, it could test 3700 and above 3700 further upside is possible.
If Nifty fails to sustain above 3665 level, then in the downside it could test 3640 and below this level it could test 3620.
Hero Honda 751.00
The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. Buy on decline with a stop at 725.
Long term investors can continue to hold this scrip with a stop at 650 for good upside potential in coming months.
DELIVERY CALLS
Infotech Ent 244.45
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 320 in coming weeks. Buy on decline with a stop at 200.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Thursday, October 19, 2006
TECHNICAL OUTLOOK - 19 OCTOBER
Nifty 3710.65
Short term trend in Nifty is looking bullish and it has potential of testing 3780-3800 level in coming trading sessions and this view holds good as long as Nifty stays above 3685.
Positional traders can book profit at higher levels around 3780-3800 to re-enter at lower levels.
Today, if Nifty sustains above 3700, then it could test 3730 and above 3730 it could test 3750.
Chambal Fertilizers 37.15
The short term trend is looking bullish and it has potential of testing 45 in coming trading sessions. Buy on decline with a stop at 34.
Long term investors can continue to hold this scrip with a stop at 32 for good upside potential in coming months.
DELIVERY CALLS
JBF Inds 108.50
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 140 in coming weeks. Buy on decline with a stop at 90.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Short term trend in Nifty is looking bullish and it has potential of testing 3780-3800 level in coming trading sessions and this view holds good as long as Nifty stays above 3685.
Positional traders can book profit at higher levels around 3780-3800 to re-enter at lower levels.
Today, if Nifty sustains above 3700, then it could test 3730 and above 3730 it could test 3750.
Chambal Fertilizers 37.15
The short term trend is looking bullish and it has potential of testing 45 in coming trading sessions. Buy on decline with a stop at 34.
Long term investors can continue to hold this scrip with a stop at 32 for good upside potential in coming months.
DELIVERY CALLS
JBF Inds 108.50
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 140 in coming weeks. Buy on decline with a stop at 90.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Wednesday, October 18, 2006
TECHNICAL OUTLOOK - 18 OCTOBER
Nifty 3715.00
Short term trend in Nifty is looking bullish and it has potential of testing 3780-3800 level in coming trading sessions and this view holds good as long as Nifty stays above 3685.
Positional traders can book profit at higher levels around 3780-3800 to re-enter at lower levels.
Today, if Nifty sustains above 3700, then it could test 3750 and above 3750 it could test 3780.
Hindalco 183.40
The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. Buy on decline with a stop at 175.
Long term investors can continue to hold this scrip with a stop at 160 for good upside potential in coming months.
Indian Hotels 1388.65
The short term trend is looking bullish and it has potential of testing 1600 in coming trading sessions. Buy on decline with a stop at 1310.
Long term investors can continue to hold this scrip with a stop at 1200 for good upside potential in coming months.
DELIVERY CALLS
Indian Rayon 878.70
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 1050 in coming weeks. Buy on decline with a stop at 800.
SAIL 85.60
The long term trend in this scrip is looking bullish.
In the short term it has potential of testing 110 levels in coming weeks. Buy on decline with a stop at 75.
Short term trend in Nifty is looking bullish and it has potential of testing 3780-3800 level in coming trading sessions and this view holds good as long as Nifty stays above 3685.
Positional traders can book profit at higher levels around 3780-3800 to re-enter at lower levels.
Today, if Nifty sustains above 3700, then it could test 3750 and above 3750 it could test 3780.
Hindalco 183.40
The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. Buy on decline with a stop at 175.
Long term investors can continue to hold this scrip with a stop at 160 for good upside potential in coming months.
Indian Hotels 1388.65
The short term trend is looking bullish and it has potential of testing 1600 in coming trading sessions. Buy on decline with a stop at 1310.
Long term investors can continue to hold this scrip with a stop at 1200 for good upside potential in coming months.
DELIVERY CALLS
Indian Rayon 878.70
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 1050 in coming weeks. Buy on decline with a stop at 800.
SAIL 85.60
The long term trend in this scrip is looking bullish.
In the short term it has potential of testing 110 levels in coming weeks. Buy on decline with a stop at 75.
Outlook of Adlabs and Union Bank is available at www.waveriders.in
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Tuesday, October 17, 2006
TECHNICAL OUTLOOK - 17 OCTOBER
Nifty 3723.95
Short term trend in Nifty is looking bullish and it has potential of testing 3780 in coming trading sessions and it is likely to be followed by a minor correction.
Positional traders can book profit at higher levels to re-enter at lower levels.
Today, if Nifty sustains above 3710, then it could test 3750 and above 3750 it could test 3780.
ITC 194.50
The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. Buy on decline with a stop at 187.
Long term investors can continue to hold this scrip with a stop at 170 for good upside potential in coming months.
DELIVERY CALLS
Gati 97.90
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 80.
Fujitsu Icim 232.45
The long term trend in this scrip is looking bullish.
It has potential of testing 300 levels in coming months. Buy on decline with a stop at 200.
Short term trend in Nifty is looking bullish and it has potential of testing 3780 in coming trading sessions and it is likely to be followed by a minor correction.
Positional traders can book profit at higher levels to re-enter at lower levels.
Today, if Nifty sustains above 3710, then it could test 3750 and above 3750 it could test 3780.
ITC 194.50
The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. Buy on decline with a stop at 187.
Long term investors can continue to hold this scrip with a stop at 170 for good upside potential in coming months.
DELIVERY CALLS
Gati 97.90
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 80.
Fujitsu Icim 232.45
The long term trend in this scrip is looking bullish.
It has potential of testing 300 levels in coming months. Buy on decline with a stop at 200.
Outlook of South Indian Bank is available at www.waveriders.in
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Monday, October 16, 2006
TECHNICAL OUTLOOK - 16 OCTOBER
Nifty 3676.05
Short term trend in Nifty is looking bullish and it has potential of testing 3750 in coming trading sessions and this view holds good as long as Nifty stays above 3610 level.
Positional traders can continue to hold their long positions with a stop at 3610.
Today, if Nifty sustains above 3645, then it could test 3700 and above 3700 it could test 3730.
Cipla 260.60
The short term trend is looking bullish and it has potential of testing 290 in coming trading sessions. Buy on decline with a stop at 252.
Long term investors can continue to hold this scrip with a stop at 235 for good upside potential in coming months.
Bajaj Auto 3121.45
The short term trend is looking bullish and it has potential of testing 3300 in coming trading sessions. Buy on decline with a stop at 3070.
Long term investors can continue to hold this scrip with a stop at 2750 for good appreciation in coming months.
DELIVERY CALLS
Sterlite Opticals 190.50
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 250 in coming weeks. Buy on decline with a stop at 160.
TTK Prestige 126.95
The long term trend in this scrip is looking bullish.
It has potential of testing 160 levels in coming months. Buy on decline with a stop at 105.
Outlook of TTK healthcare and Satyam is available at www.waveriders.in
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Short term trend in Nifty is looking bullish and it has potential of testing 3750 in coming trading sessions and this view holds good as long as Nifty stays above 3610 level.
Positional traders can continue to hold their long positions with a stop at 3610.
Today, if Nifty sustains above 3645, then it could test 3700 and above 3700 it could test 3730.
Cipla 260.60
The short term trend is looking bullish and it has potential of testing 290 in coming trading sessions. Buy on decline with a stop at 252.
Long term investors can continue to hold this scrip with a stop at 235 for good upside potential in coming months.
Bajaj Auto 3121.45
The short term trend is looking bullish and it has potential of testing 3300 in coming trading sessions. Buy on decline with a stop at 3070.
Long term investors can continue to hold this scrip with a stop at 2750 for good appreciation in coming months.
DELIVERY CALLS
Sterlite Opticals 190.50
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 250 in coming weeks. Buy on decline with a stop at 160.
TTK Prestige 126.95
The long term trend in this scrip is looking bullish.
It has potential of testing 160 levels in coming months. Buy on decline with a stop at 105.
Outlook of TTK healthcare and Satyam is available at www.waveriders.in
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
Friday, October 13, 2006
TECHNICAL OUTLOOK - 13 OCTOBER
Nifty 3621.05
Short term trend in Nifty is looking bullish and it has potential of testing 3700 in coming trading sessions and this view holds good as long as Nifty stays above 3580 level.
Nifty is likely to trade around 3650 level before testing 3700.
Banking sector is likely to perform well in coming trading sessions.
Positional traders can continue to hold their long positions with a stop at 3580.
Today, if Nifty sustains above 3600, then it could test 3650.
Tata Motors 900
The short term trend is looking bullish and it has potential of testing 950 in coming trading sessions. Buy on decline with a stop at 880.
DELIVERY CALLS
E-Merck (i) 511.50
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 600 in coming weeks. Buy on decline with a stop at 480.
Elder Pharma 352.85
The long term trend in this scrip is looking bullish.
In short term, it could test 450 levels in coming weeks. Buy on decline with a stop at 310.
Outlook of Cadila healthcare and Dabur is available in www.waveriders.in
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
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Thursday, October 12, 2006
TECHNICAL OUTLOOK - 12 OCTOBER
Nifty 3558.55
Short term trend in Nifty would remain bullish as long as it sustains above 3540 level. If it fails to sustain above 3540, then it could test 3500 and below this level further downside is possible.
Today, if Nifty sustains above 3540, it could test 3580 and above 3580, it could test 3600.
Instead, if it moves below 3540 and sustains below this level, then it could test 3500.
HDFC Bank 964.95
The short term trend is looking bullish and it has potential of testing 1020 in coming trading sessions. Buy on decline with a stop at 935.
DELIVERY CALLS
Heg ltd 142.55
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 190 in coming weeks. Buy on decline with a stop at 120.
Helios & Mat 168.20
The long term trend in this scrip is looking bullish.
In short term, it could test 220 levels in coming weeks. Buy on decline with a stop at 140.
Herren drugs 268.45
The long term trend in this scrip is looking bullish.
In short term, it could test 330 levels in coming weeks. Buy on decline with a stop at 235.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Short term trend in Nifty would remain bullish as long as it sustains above 3540 level. If it fails to sustain above 3540, then it could test 3500 and below this level further downside is possible.
Today, if Nifty sustains above 3540, it could test 3580 and above 3580, it could test 3600.
Instead, if it moves below 3540 and sustains below this level, then it could test 3500.
HDFC Bank 964.95
The short term trend is looking bullish and it has potential of testing 1020 in coming trading sessions. Buy on decline with a stop at 935.
DELIVERY CALLS
Heg ltd 142.55
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 190 in coming weeks. Buy on decline with a stop at 120.
Helios & Mat 168.20
The long term trend in this scrip is looking bullish.
In short term, it could test 220 levels in coming weeks. Buy on decline with a stop at 140.
Herren drugs 268.45
The long term trend in this scrip is looking bullish.
In short term, it could test 330 levels in coming weeks. Buy on decline with a stop at 235.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Wednesday, October 11, 2006
TECHNICAL OUTLOOK - 11 OCTOBER
Nifty 3571.05
Short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions. And this view holds good as long as Nifty stays above 3540 level.
Failure of Nifty to sustain above 3540 would invite short term correction. Hold your longs with a stop 3540.
Today, if Nifty sustains above 3565, then it could test 3585, 3600 levels. Above 3600 further upside is possible.
ABB 2948.00
The trend is looking bullish and it could see a sharp upmove towards 3100 levels in coming trading sessions. Buy on decline with a stop at 2910.
DELIVERY CALLS
RPG Cables 37.30
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 60 in coming weeks. Buy on decline with a stop at 30.
Shrenuj & co 42.90
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 60 in coming weeks. Buy on decline with a stop at 37.
Mukand Eng 30.45
The scrip is in long term bull market and it has good potential in the long run.
The short-term trend is also looking bullish and it has potential of testing 42 initially in coming weeks. Buy on decline with a stop at 25.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
WWW.WAVERIDERS.IN
Short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions. And this view holds good as long as Nifty stays above 3540 level.
Failure of Nifty to sustain above 3540 would invite short term correction. Hold your longs with a stop 3540.
Today, if Nifty sustains above 3565, then it could test 3585, 3600 levels. Above 3600 further upside is possible.
ABB 2948.00
The trend is looking bullish and it could see a sharp upmove towards 3100 levels in coming trading sessions. Buy on decline with a stop at 2910.
DELIVERY CALLS
RPG Cables 37.30
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 60 in coming weeks. Buy on decline with a stop at 30.
Shrenuj & co 42.90
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 60 in coming weeks. Buy on decline with a stop at 37.
Mukand Eng 30.45
The scrip is in long term bull market and it has good potential in the long run.
The short-term trend is also looking bullish and it has potential of testing 42 initially in coming weeks. Buy on decline with a stop at 25.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
WWW.WAVERIDERS.IN
Tuesday, October 10, 2006
TECHNICAL OUTLOOK - 10 OCTOBER
Nifty 3569.70
Short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions. And this view holds good as long as Nifty stays above 3540 level.
Today, if Nifty sustains above 3552, then it could test 3585 and above 3585, it could test 3600.
BPCL 392.90
The trend is looking bullish and it could see a sharp upmove towards 450 levels in coming trading sessions. Buy on decline with a stop at 380.
Century Textiles 508.05
The short term trend is looking bullish and it has potential of testing 550 initially in coming trading sessions. Buy with a stop at 495.
CESC 321.75
The short term trend is in bullish mode and it has potential of testing 350 in coming trading sessions. Buy on decline with a stop at 308.
DELIVERY CALLS
Alps Inds
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 100 in coming weeks. Buy with a stop at 55.
Chem fab alkalies 117.35
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 150 in coming weeks. Buy on decline with a stop at 100.
Mangalam Cement 203.10
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 260 initially in coming weeks. Buy on decline with a stop at 170.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions. And this view holds good as long as Nifty stays above 3540 level.
Today, if Nifty sustains above 3552, then it could test 3585 and above 3585, it could test 3600.
BPCL 392.90
The trend is looking bullish and it could see a sharp upmove towards 450 levels in coming trading sessions. Buy on decline with a stop at 380.
Century Textiles 508.05
The short term trend is looking bullish and it has potential of testing 550 initially in coming trading sessions. Buy with a stop at 495.
CESC 321.75
The short term trend is in bullish mode and it has potential of testing 350 in coming trading sessions. Buy on decline with a stop at 308.
DELIVERY CALLS
Alps Inds
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 100 in coming weeks. Buy with a stop at 55.
Chem fab alkalies 117.35
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 150 in coming weeks. Buy on decline with a stop at 100.
Mangalam Cement 203.10
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 260 initially in coming weeks. Buy on decline with a stop at 170.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Monday, October 09, 2006
TECHNICAL OUTLOOK - 09 OCTOBER
Nifty 3569.70
Short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions. And this view holds good as long as Nifty stays above 3540 level.
FMCG, Health, IT, Auto, and Midcaps are looking bullish.
Today, if Nifty moves above 3585, then it could test 3600 and if it sustains above 3600, then further upside is possible.
If it fails to clear 3585, in the downside it could test 3552 level.
Canara Bank 284.70
The short term trend is looking positive and it has potential of testing 320 initially in coming trading sessions. Buy with a stop at 278.
GE Shipping 303.60
The trend is looking bullish and it could see a sharp upmove towards 360 levels in coming trading sessions. Buy on decline with a stop at 290.
Hind lever 245.40
The short term trend is looking bullish and it has potential of testing 265 initially in coming trading sessions. Buy on decline with a stop at 238.
Bongaingaon Refineries 59.45
The short term trend is in bullish mode and it has potential of testing 75 in coming trading sessions. Buy on decline with a stop at 55.
HCL Tech 552.80
The short term trend is in bullish mode and it has potential of testing 600 in coming trading sessions. Buy on decline with a stop at 525.
DELIVERY CALLS
3I Infotech 178.95
Chart indicates that the short term trend is looking bullish and it has potential of moving towards 210. Buy with a stop at 165.
3M India 1389.55
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 1700 in coming weeks. Buy with a stop at 1300.
Orchid Chemicals 208.20
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 240 initially in coming weeks. Buy on decline with a stop at 200.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions. And this view holds good as long as Nifty stays above 3540 level.
FMCG, Health, IT, Auto, and Midcaps are looking bullish.
Today, if Nifty moves above 3585, then it could test 3600 and if it sustains above 3600, then further upside is possible.
If it fails to clear 3585, in the downside it could test 3552 level.
Canara Bank 284.70
The short term trend is looking positive and it has potential of testing 320 initially in coming trading sessions. Buy with a stop at 278.
GE Shipping 303.60
The trend is looking bullish and it could see a sharp upmove towards 360 levels in coming trading sessions. Buy on decline with a stop at 290.
Hind lever 245.40
The short term trend is looking bullish and it has potential of testing 265 initially in coming trading sessions. Buy on decline with a stop at 238.
Bongaingaon Refineries 59.45
The short term trend is in bullish mode and it has potential of testing 75 in coming trading sessions. Buy on decline with a stop at 55.
HCL Tech 552.80
The short term trend is in bullish mode and it has potential of testing 600 in coming trading sessions. Buy on decline with a stop at 525.
DELIVERY CALLS
3I Infotech 178.95
Chart indicates that the short term trend is looking bullish and it has potential of moving towards 210. Buy with a stop at 165.
3M India 1389.55
The scrip is in long term bull market and it has good potential in the long run.
In short term, chart indicates a rally towards 1700 in coming weeks. Buy with a stop at 1300.
Orchid Chemicals 208.20
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 240 initially in coming weeks. Buy on decline with a stop at 200.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Friday, October 06, 2006
TECHNICAL OUTLOOK - 06 OCTOBER
Nifty 3564.90
Short term trend in Nifty would remain bullish as long as Nifty stays above 3540 and Nifty is likely to continue the upmove. On the upperside, it could test 3600 initially, and above this level it could test 3650 in coming trading sessions.
Today, Nifty could trade between 3585 and 3552. If Nifty sustains above 3585, then it could test the next level of 3600.
Aptech 133.05
The short term trend is looking positive and it has potential of testing 150 initially in coming trading sessions. Buy on decline with a stop at 125.
Bata 231.90
The trend is looking bullish and it could test 270 initially in coming trading sessions. Buy on decline with a stop at 220.
BILT 124.50
The short term trend is looking bullish and it has potential of testing 150 initially in coming trading sessions. Buy on decline with a stop at 120.
Arvind Mills 67.90
The short term trend is in bullish mode and it has potential of testing 75 in coming trading sessions. Buy on decline with a stop at 65.
Adlabs 350.70
The short term trend is looking bullish and this scrip could test 400 in coming trading sessions. Buy with a stop at 335.
DELIVERY CALLS
ICI(i) 340.50
The scrip is in long term bull market and it has good potential in the long run.
In the short term trend, it is in bullish mode and it has potential of testing 450 in coming weeks. Buy with a stop at 310.
Rico Auto Ind 80.20
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is also looking bullish and it has potential of testing 120 initially in coming weeks. Buy on decline with a stop at 70.
Apollo Tyres 344.10
The long term trend in this scrip is looking bullish.
The short term trend is also looking positive and it could test 450 in coming weeks. Buy on decline with a stop at 310 for a target of 450 initially in coming weeks.
Falcon Tyres 116.50
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 150 initially in coming months. Buy on decline to wards 105 with a stop at 95.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Short term trend in Nifty would remain bullish as long as Nifty stays above 3540 and Nifty is likely to continue the upmove. On the upperside, it could test 3600 initially, and above this level it could test 3650 in coming trading sessions.
Today, Nifty could trade between 3585 and 3552. If Nifty sustains above 3585, then it could test the next level of 3600.
Aptech 133.05
The short term trend is looking positive and it has potential of testing 150 initially in coming trading sessions. Buy on decline with a stop at 125.
Bata 231.90
The trend is looking bullish and it could test 270 initially in coming trading sessions. Buy on decline with a stop at 220.
BILT 124.50
The short term trend is looking bullish and it has potential of testing 150 initially in coming trading sessions. Buy on decline with a stop at 120.
Arvind Mills 67.90
The short term trend is in bullish mode and it has potential of testing 75 in coming trading sessions. Buy on decline with a stop at 65.
Adlabs 350.70
The short term trend is looking bullish and this scrip could test 400 in coming trading sessions. Buy with a stop at 335.
DELIVERY CALLS
ICI(i) 340.50
The scrip is in long term bull market and it has good potential in the long run.
In the short term trend, it is in bullish mode and it has potential of testing 450 in coming weeks. Buy with a stop at 310.
Rico Auto Ind 80.20
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is also looking bullish and it has potential of testing 120 initially in coming weeks. Buy on decline with a stop at 70.
Apollo Tyres 344.10
The long term trend in this scrip is looking bullish.
The short term trend is also looking positive and it could test 450 in coming weeks. Buy on decline with a stop at 310 for a target of 450 initially in coming weeks.
Falcon Tyres 116.50
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 150 initially in coming months. Buy on decline to wards 105 with a stop at 95.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Thursday, October 05, 2006
TECHNICAL OUTLOOK - 05 OCTOBER
Nifty 3515.35
If the level 3500 is not violated in the downside, Nifty is likely to bounce from current levels. On the upperside, it could test 3530 and 3552. Nifty has to stay above 3552 level for further upside.
If the level 3500 is broken, and if Nifty fails to sustain above 3500 level, then in the downside it could test 3440.
Gujarat Ambuja 116.95
The short term trend is looking bullish and it has potential of testing 140 initially in coming trading sessions. Buy on decline with a stop at 112.
M&M 677.95
The short term trend is looking bullish and it has potential of testing 760 initially in coming trading sessions. Buy on decline with a stop at 650.
NDTV 214.00
The short term trend is looking bullish and it has potential of testing 280 initially in coming trading sessions. Buy on decline with a stop at 203.
Reliance Capital 567.70
The short term trend is looking bullish and it has potential of testing 650 initially in coming trading sessions. Buy on decline with a stop at 540.
Bharat Forge 356.80
The short term trend is looking bullish and this scrip could test 400 in coming trading sessions. Buy with a stop at 345.
DELIVERY CALLS
Cg Igrashi 155.30
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 250 initially in coming months. Buy with a stop at 140.
Jyoti structures 114.45
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 150 initially in coming months. Buy on decline to wards 105 with a stop at 95.
Rajshree sugar 102.40
The long term trend in this scrip is looking bullish.
The short term trend would remain bullish as long as this scrip stays above 80 level. Buy on decline towards 90 with a stop at 80 for a target of 150 initially in coming months.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
If the level 3500 is not violated in the downside, Nifty is likely to bounce from current levels. On the upperside, it could test 3530 and 3552. Nifty has to stay above 3552 level for further upside.
If the level 3500 is broken, and if Nifty fails to sustain above 3500 level, then in the downside it could test 3440.
Gujarat Ambuja 116.95
The short term trend is looking bullish and it has potential of testing 140 initially in coming trading sessions. Buy on decline with a stop at 112.
M&M 677.95
The short term trend is looking bullish and it has potential of testing 760 initially in coming trading sessions. Buy on decline with a stop at 650.
NDTV 214.00
The short term trend is looking bullish and it has potential of testing 280 initially in coming trading sessions. Buy on decline with a stop at 203.
Reliance Capital 567.70
The short term trend is looking bullish and it has potential of testing 650 initially in coming trading sessions. Buy on decline with a stop at 540.
Bharat Forge 356.80
The short term trend is looking bullish and this scrip could test 400 in coming trading sessions. Buy with a stop at 345.
DELIVERY CALLS
Cg Igrashi 155.30
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 250 initially in coming months. Buy with a stop at 140.
Jyoti structures 114.45
The scrip is in long term bull market and it has good potential in the long run.
The short term trend is looking bullish and it has potential of testing 150 initially in coming months. Buy on decline to wards 105 with a stop at 95.
Rajshree sugar 102.40
The long term trend in this scrip is looking bullish.
The short term trend would remain bullish as long as this scrip stays above 80 level. Buy on decline towards 90 with a stop at 80 for a target of 150 initially in coming months.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Wednesday, October 04, 2006
TECHNICAL OUTLOOK - 04 OCTOBER
Nifty 3569.60
For the past few trading sessions, the index is trading in a tight range and this type of market behaviour would be followed by a sharp move and in this case it is likely to be in the upside.
The short term trend is still looking bullish and Nifty has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3552 level.
If Nifty trades below this level, achieving the upside target would get delayed and in the downside it could test 3535 and 3510.
Positional traders can continue to hold their long positions for the next short term target of 3650 with a stop at 3552.
Today, if Nifty sustains above 3552, then it is likely to move up to test 3585 and further, if it sustains above 3585, then it could test 3600.
Ashok leyland 45.30
The short term trend is looking bullish and it has potential of testing 55 initially in coming trading sessions. Buy with a stop at 43.50.
Essar oil 55.70
The short term trend is looking bullish and this scrip is likely to break out in the upside and in the upside it has potential of testing 65. Buy with a stop at 54 for a target of 65.
Grasim 2520.25
The short term trend is looking bullish and it has potential of testing 3000 initially in coming trading sessions. Buy on decline with a stop at 2450.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
For the past few trading sessions, the index is trading in a tight range and this type of market behaviour would be followed by a sharp move and in this case it is likely to be in the upside.
The short term trend is still looking bullish and Nifty has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3552 level.
If Nifty trades below this level, achieving the upside target would get delayed and in the downside it could test 3535 and 3510.
Positional traders can continue to hold their long positions for the next short term target of 3650 with a stop at 3552.
Today, if Nifty sustains above 3552, then it is likely to move up to test 3585 and further, if it sustains above 3585, then it could test 3600.
Ashok leyland 45.30
The short term trend is looking bullish and it has potential of testing 55 initially in coming trading sessions. Buy with a stop at 43.50.
Essar oil 55.70
The short term trend is looking bullish and this scrip is likely to break out in the upside and in the upside it has potential of testing 65. Buy with a stop at 54 for a target of 65.
Grasim 2520.25
The short term trend is looking bullish and it has potential of testing 3000 initially in coming trading sessions. Buy on decline with a stop at 2450.
Medium term Outlook of Nifty
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.
So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.
www.waveriders.in
Tuesday, October 03, 2006
TECHNICAL OUTLOOK - 03 OCTOBER
Nifty 3588.40
For the past few trading sessions, the index is trading in a tight range and this type of market behaviour would be followed by a sharp move and in this case it is likely to be in the upside.
The FMCG, IT, Oil and Gas, Midcaps and Auto scrips are likely to perform well in coming trading sessions. After some upside, Banking scrips are likely to see some corrective movement.
It seems the short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target of 3650 with a stop at 3535.
Today, if Nifty sustains above 3572, then it has potential of testing 3600 and further, if it sustains above 3600, then it could test 3620.
Below 3572, Nifty to could test 3552 level.
IPCL 307.45
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 299 for the above mentioned target.
ACC 999.00
The short term trend is looking bullish and it has potential of testing 1050 initially in coming trading sessions. Buy with a stop at 982.
Bharat Forge 358.35
The short term trend is looking bullish and this scrip could test 400 in coming trading sessions. Buy with a stop at 350.
Delivery Calls
Centurian 24.35
The short term trend is looking bullish and it has potential of testing 35 initially in coming weeks. Buy with a stop at 22.
Ceat 120.70
The short term trend is looking bullish and it has potential of testing 170 initially in coming weeks. Buy on decline with a stop at 95.
Reliance Energy 483.55
If this scip moves and sustains above 500 level, then it move towards 600 level sharply.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
www.waveriders.in
asksathia@hotmail.com
For the past few trading sessions, the index is trading in a tight range and this type of market behaviour would be followed by a sharp move and in this case it is likely to be in the upside.
The FMCG, IT, Oil and Gas, Midcaps and Auto scrips are likely to perform well in coming trading sessions. After some upside, Banking scrips are likely to see some corrective movement.
It seems the short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target of 3650 with a stop at 3535.
Today, if Nifty sustains above 3572, then it has potential of testing 3600 and further, if it sustains above 3600, then it could test 3620.
Below 3572, Nifty to could test 3552 level.
IPCL 307.45
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 299 for the above mentioned target.
ACC 999.00
The short term trend is looking bullish and it has potential of testing 1050 initially in coming trading sessions. Buy with a stop at 982.
Bharat Forge 358.35
The short term trend is looking bullish and this scrip could test 400 in coming trading sessions. Buy with a stop at 350.
Delivery Calls
Centurian 24.35
The short term trend is looking bullish and it has potential of testing 35 initially in coming weeks. Buy with a stop at 22.
Ceat 120.70
The short term trend is looking bullish and it has potential of testing 170 initially in coming weeks. Buy on decline with a stop at 95.
Reliance Energy 483.55
If this scip moves and sustains above 500 level, then it move towards 600 level sharply.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
www.waveriders.in
asksathia@hotmail.com
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