Monday, July 30, 2007

TECHNICAL OUTLOOK, JULY 30


Nifty 4445.20

Short term correction in Nifty is likely to terminate around 4300. Instead, if it moves below 4300, then correction is likely to extend in to a medium term correction.

In the extreme short term, as long as it stays below 4550, the trend would remain bearish.
Today, if Nifty sustains below 4470, then it is likely to test 4400. Below 4400, it could test 4350.


Instead, if it sustains above 4470, then it is likely to test 4500.



Medium term outlook of Nifty - dated 23st July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.



Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.




Trading Strategy

Hold your shorts with a stop at 4470 and exit if it moves above this level.



ACC 1000.80

The correction in the scrip is likely to terminate around 950. If it moves below 950, then correction is likely to extend towards 875. Buy, if the level 950 is held. If not, enter around 875, for a rally towards a new high in coming weeks.

In the short term, short the scrip if it rises towards 1025 with a stop 1035, for a target of 950.


Visit us at:

www.waveriders.in


Contact:

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com

Monday, July 16, 2007

TECHNICAL OUTLOOK, 16, JULY

Nifty 4504.55

Nifty sustained above 4400 and thus negated the view of a correction from that level. Now Nifty is likely to move towards 4600 in coming trading sessions. And still a short term correction is possible in coming trading sessions and it would be followed by a rally towards 5000.

In the extreme short term, as long as it stays above 4480, the trend would be bullish and further upside towards 4550 is possible. Below this level, it could turn weak.

Today, if Nifty sustains above 4480, then it is likely to test 4540. Below 4480, it could test 4450.



Medium term outlook of Nifty - dated 13th July

Nifty is likely to make a significant top around 4400 level. If it sustains above 4400, then it is likely to move towards 4600


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.



Trading Strategy

Remain long as long as it stays above 4440.





Visit us at:

www.waveriders.in


Contact:

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com

Monday, July 09, 2007

TECHNICAL OUTLOOK, 09, JULY


Nifty 4384.85

A short term correction is possible from 4350-4400 level in coming trading sessions. Instead, if it moves and sustains above this level, then it is likely to move towards 4600 in coming weeks.

In the extreme short term, as long as it stays above 4370, the trend would be bullish and further upside is possible. Below this level, it could turn weak.

Today, if Nifty sustains above 4370, then it is likely to test 4420. Below 4370, it could test 4310.




Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Long term outlook of Nifty – dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.






Trading Strategy

Remain long as long as it stays above 4370.



Visit us at

www.waveriders.in


Contact

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com



Monday, July 02, 2007

TECHNICAL OUTLOOK, 02, JULY



Nifty 4318.30

A short term correction is possible from 4350-4400 level in coming trading sessions. Instead, if it moves and sustains above this level, then it is likely to move towards 4600 in coming weeks.

In the extreme short term, if it sustains above 4295, then it is likely to see a sharp up move towards 4350-4400. If it fails to sustain above 4255, then it is likely to turn weak. Below 4210, Nifty could see a low below 4100.

Today, if Nifty sustains above 4295, then it is likely to test 4350. Below 4295, it could test 4270.



Medium term outlook of Nifty – dated 21st May


Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Long term outlook of Nifty – dated 29 July


Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





Trading Strategy


Be short below 4255. Initiate long if it sustains above 4285 and exit your longs around 4350.






Visit us at

www.waveriders.in



Contact

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com