Monday, October 29, 2007

TECHNICAL OUTLOOK,29 OCT


Nifty 5702.30

In the short term, Nifty is likely to make a new high around 5750-5800 region and it would be followed by a short term correction towards 5350 and below this level, it could test 5000. Instead, if it moves above 5800 and sustains above this level, then it is likely to move towards 6000.

In the extreme short term, if it sustains above 5600, then it is likely to test 5800. Below 5600, it is likely to turn weak.

Today, if Nifty trades above 5650, then it is likely to test 5800.


Trading Strategy

Be short below 5600 and be long above this level for a target of 5800.




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, October 22, 2007

TECHNICAL OUTLOOK, 22 OCT


Nifty 5215.30

The level 5350 is crucial for the short term movement of the market. If it fails to hold above this level, then it is likely to test 5000 level and if the level 5000 is violated in coming trading sessions, then the correction is likely to terminate around 4650-4700 level. Instead, if it moves above 5350, then it is likely to rally towards 5750.

In the extreme short term, if it sustains below 5350, then it is likely to test 5000.

Today, if Nifty trades below 5300, then it is likely to test 5000.



Trading Strategy

Be short below 5350 and be long above this level.






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, October 15, 2007

TECHNICAL OUTLOOK, 15 OCT


Nifty 5428.25

Nifty is likely to bounce back, if it fails to move below 5350. If it moves below 5350, then it could test 5250. Now the level 5250 is crucial for the short term movement of the market. As long as it stays above this level, Nifty is likely to test 5600 in coming trading sessions. Instead, if it fails to hold above 5250, then a decline to 5000 is likely.

In the extreme short term, if it sustains above 5350, then it is likely to remain bullish and it could test 5600 and a move above 5480 would confirm the target. Below 5350, it is likely to test 5250.

Today, if Nifty trades above 5400, then it is likely to test 5480. Below 5400, it could test 5350.



Trading Strategy

Now the level 5350 is crucial for the extreme short term movement. Be long above this level and be short below this level for a target of 5250.






Delivery Call

Mastek 364.05

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 500 in coming months. Buy on declines with a stop at 310.



Trading call

Siemens 1402.45

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is looking bullish and it is likely to test 2000 in coming months.

In the short term, if it sustains above 1300, then it is likely to move towards 1700.

In the extreme short term, as long as it stays above 1350, the trend would remain bullish and it is likely to test 1600 initially.




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, October 08, 2007

TECHNICAL OUTLOOK, 8 OCT


Nifty 5185.85

In the short term, if Nifty moves above 5250, then it is likely to test 5350-5400 level in short span of time. If it fails to sustain above 5250, then a sharp decline to 4965 is likely in coming trading sessions.

In the extreme short term, if it sustains above 5250, then it is likely to test 5350. If it fails to move above this level, then it is likely to test 5050 initially.

Today, if Nifty trades above 5170, then it is likely to test 5250 level. Instead, if it trades below 5170, then it could test 5050.




Trading Strategy

Now the level 5250 is crucial for extreme short term movement. Remain long above this level and be short below this level.

The level 5170 is crucial for intraday movement.





Tata tea 843.05

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 1200 in coming months. Buy on declines with a stop at 740.



M&M 751.65

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is looking bullish and it is likely to test 1100 in coming months.

In the short term, if it sustains above 680, then it is likely to move towards 900.

In the extreme short term, as long as it stays above 710, the trend would remain bullish and it is likely to test 850. Below 710, it could test 680.




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, October 01, 2007

TECHNICAL OUTLOOK, 01 OCT


Nifty 5021.35

In the short term, if Nifty sustains above 4840, then the trend would remain bullish and in the upper side it could test 5200 – 5250 level.

In the extreme short term, a minor correction towards 4930 is likely if it trades below 5010. If not, it is likely to test 5100.

Today, if Nifty trades above 5040, then it is likely to test 5080 level. Instead, if it trades below 5040, then a decline to 4965 is likely.



Trading Strategy

Now the level 4965 is crucial for extreme short term movement. Remain long above this level and be short below this level.

The level 5040 is crucial for intraday movement.




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

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