Monday, March 31, 2008

TECHNICAL OUTLOOK, 31 MARCH


Nifty 4942.00

Short term
The short term bottom would be confirmed if it sustains above 4720 level and in the upper side it is likely to test 5050 in coming trading sessions.

Extreme Short term
In the extreme short term, the level 4850 is crucial. If it sustains above this level, then it is likely to move towards 5050.

Intraday
Today, if Nifty sustains above 4900, then it could test 5000 and above 5000, it could test 5050. Instead, if it fails to hold above 4900, then it could decline towards 4850.

Trading Strategy
Now the crucial level is 4900. Be short below this level and be long above this level.



Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.


Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.


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Monday, March 24, 2008

TECHNICAL OUTLOOK, 24 MARCH

Nifty 4573.95

Short term
Nifty is likely to make a short term bottom around 4450 level. And if this level is held, then nifty is likely to rally towards 5050 initially. Instead, if this level is violated, then a decline to 4000 is likely.

Extreme Short term
In the extreme short term, the level 4450 is crucial. If it sustains above this level, then it is likely to move towards 5050.

Intraday
Today, if Nifty sustains above 4630, then it could test 4675 and above 4675, it could test 4750. Instead, if it fails to sustain above 4630, then it is likely to decline towards 4450.


Trading Strategy
Now the crucial level is 4630. Be short below this level and be long above this level.


Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.


Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.


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www.waveriders.in

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Monday, March 17, 2008

TECHNICAL OUTLOOK, 17 MARCH


Nifty 4745.80

Short term
Nifty is likely to make a short term bottom between 4500 and 4600. And if this level is held, then nifty is likely to rally towards 5050 initially.


Extreme Short term
In the extreme short term, the level 4500 is crucial. If it sustains above this level, then it is likely to move towards 5050 and a move above 4750 would confirm the target.


Intraday
Today, if Nifty sustains above 4650, then it could test 4750. Instead, if it moves below 4650, then it could test 4550.


Trading Strategy
Now the crucial level is 4650. Be short below this level and be long above this level.


Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.


Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.


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www.waveriders.in

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9381203517
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Monday, March 10, 2008

TECHNICAL OUTLOOK, 10 MARCH


Nifty 4771.60

Short term
Nifty is likely to make a short term bottom in coming trading sessions around 4500-4600 level.


Extreme Short term
In the extreme short term, the level 4710 is crucial. If it sustains above this level, then it is likely to move towards 4950 initially. Instead, if the level is violated, then it is likely to decline towards 4600.


Intraday
Today, if Nifty sustains above 4710, then it could test 4875. Instead, if it fails to sustain above 4710, then it could test 4600.


Trading Strategy
Now the crucial level is 4710. Be long above this level and be short below this level.



Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.


Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.


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www.waveriders.in


Contact:
9381203517
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Monday, March 03, 2008

TECHNICAL OUTLOOK, 3 MARCH


Nifty 5223.50

Short term

In the short term, the level 5050 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.

Extreme Short term

In the extreme short term, the level 5170 is crucial. If it sustains above this level, then it is likely to move towards 5400 initially.

Intraday

Today, if Nifty moves above 5250, then it could test 5325. Instead, if it fails to sustain above 5250, then it could decline towards 5170 and below this level, it could test 5050.


Trading Strategy

Now the crucial level is 5170. Be long above this level and be short below this level.


Medium term outlook of Nifty dated on 23 January 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.


Long term outlook of Nifty dated on 23 January 2008

The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.


Visit us at:
www.waveriders.in


Contact:
9381203517
asksathia@hotmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com