Monday, November 19, 2007

TECHNICAL OUTLOOK,19 NOV



Nifty 5906.85

In the short term, if Nifty moves above 5950, then it is likely to make a new high around 6050. Instead, if it fails to move above 5950 and moves below 5780, then it is likely to see a short term correction.

In the extreme short term, the levels 5950 and 5810 are crucial.

Today, if Nifty sustains above 5950, then it is likely to test 6000. Instead, if it fails to move above 5950, then it is likely to test 5810.



Trading Strategy

The levels 5810 and 5950 are crucial. Be long above 5950.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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Monday, November 12, 2007

TECHNICAL OUTLOOK, 12 NOV



Nifty 5663.25

In the short term, Nifty is likely to bottom out around 5000 levels, if it violates 5550. The trend would remain bearish as long as it trades below 5780.

In the extreme short term, if it sustains below 5780, then it is likely to test 5550. Below 5550, it could test 5350.

Today, if Nifty sustains below 5680, then it is likely to test 5550 and below this level, it could test 5350. Instead, if it trades above 5680, then it is likely to test 5780.


Trading Strategy

The levels 5780 and 5550 are crucial. Be short below 5780 and carry forward your shorts below 5550.



Chennai Peto 347.55

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is bullish as long as it stays above 230. Any correction within this level is likely to be followed by a sharp rally towards 500 in coming months.

In the short term, if it fails to sustain above 360, then it is likely to test 300 and below 300, I could test 250 in coming weeks. Instead, if it sustains above 330, then the trend would remain bullish and it is likely to test 400.

In the extreme short term, if it fails to sustain above 330, then it is likely to decline towards 300.



Essar oil 78.60

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is bullish and it is likely to test 150 in coming months and this view holds good as long as it stay above 45.

In the short term, if it sustains above 65, then it is likely to move towards 100 initially. Instead, if it fails to sustain above 65, then it could test 50 in the downside.

In the extreme short term, if it sustains above 70, then the trend would remain bullish and it could test 100.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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Monday, November 05, 2007

TECHNICAL OUTLOOK, 5 NOV



Nifty 5932.40

In the short term, Nifty is likely to peak out with in the range of 6000 and 6100. If Nifty fails to hold above 5850, then it would confirm the correction and in the downside it is likely to test 5650 and below this level, it could test 5000. Instead, if it moves above 5950, then Nifty is likely to make a new high around 6100.

In the extreme short term, if it sustains below 5850, then it is likely to test 5650. Instead, if it sustains above 5950, then it is likely to test 6100.

Today, if Nifty sustains below 5950, then it is likely to test 6050. Instead, if it fails to move above 5950, then it is likely to test 5850.


Trading Strategy

The levels 5850 and 5950 are crucial. Be long above 5950 and be short below 5950.


CESC 587.05

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is bullish and it is likely to test 1000 in coming months and this view holds good as long as it stays above 500.

In the short term, if it sustains above 540, then it is likely to move towards 640 and above this level, it could test 750 in coming weeks. If it fails to move above 640, then it is likely to decline towards 540, and below this level it could test 500.

In the extreme short term, if it sustains above 575, then it is likely to test 640. Below 575, it could test 540.





Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





Visit us at:

www.waveriders.in



Contact:

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com