TECHNICAL OUTLOOK, 30 SEPTEMBER

Nifty (spot) 3850.05



Nifty Intraday trading levels

Today, if Nifty trades below 3780, then it could test 3600. Instead, if it trades above 3850, then it could test 3900.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3780. Trade short below this level and trade long above this level.

Positional traders can initiate shorts below 3780 for a target of 3600. Initiate longs if it sustains above 3550-3600.



Short term Technical View of Nifty

It seems Nifty is likely to test 3500-3600 levels. And this range is crucial for the short term trend of the market.

If it sustains above this level, then the market is likely to rally from these levels. If not further downside is possible.


Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Abb

The level 750 is the crucial level for this scrip for the short term. If it fails to sustain above 750, then it is likely to decline towards 650.

Like wise, if it sustains above 650 in coming trading sessions, then it is likely to turn bullish and it could rally from these levels towards 750 initially.


Trading Strategy for Abb

For intraday, the crucial level is 750. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 650 for a target of 750. Initiate shorts if it fails to sustain above 750 for a target of 650.



ACC

The crucial level for the short term for this scrip is 540. If it sustains above 540, then it is likely to turn bullish and in the upper side it could test 650.

Instead, if it fails to sustain above 540, then the short term trend would turn bearish and in the downside it is likely to decline towards 400.

Trading Strategy for Acc

For Intraday, the crucial level is 580. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 540. And initiate shorts if it sustains below 620.



Bharti

The level 670 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 770.

If it fails to sustain above 670, then the trend would turn bearish and in the downside it is likely to decline towards 500.


Trading Strategy for Bharti

For intraday, the crucial level is 750. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 6700. Initiate longs if it fails to move below 670 for a target of 750.





Bhel

The level 1350 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 1600.

Instead, if it fails to trade above 1350, the short term trend would turn bearish and in the downside it is likely to decline towards 1200.



Trading Strategy for Bhel

For intraday, the crucial level is 1500. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1500. Initiate longs if it fails to move below 1350.




Cairn

The crucial level for the scrip in the short term is 200. The trend would remain bearish for this scrip if it sustains below 200 and in the down side, it could test 160.

If the level 200 is not violated in the short term, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 250 initially.

Trading Strategy for Cairn

For intraday, the crucial level is 200. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 200 is held in coming trading sessions. Short if it fails to sustain above 200 for a target of 160.



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TECHNICAL OUTLOOK, 29 SEPTEMBER

Nifty (spot) 4110.55



Nifty Intraday trading levels

Today, if Nifty trades above 4050, then it could test 4150. Instead, if it fails to trade above 4050, then it could test 3950.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4050. Trade short below this level and trade long above this level.

Positional traders can initiate longs if it sustains above 4050 for a target of 4200.



Short term Technical View of Nifty

Now, the rally from the low of 3800 to 4305 is being corrected. The most likely level for Nifty to terminate its correction is around 3900-3950 level.

If the level 3900-3950 range is violated in the downside and the level 4240 in the upside is broken, then the market is likely to rally towards 4700.





Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Reliance

The levels 2020 in the upper side and 1940 in the lower side are crucial levels for this scrip for the short term. If it fails to sustain above 1940, then it is likely to decline towards 1700.

Like wise, if it sustains above 2020 in coming trading sessions, then it is likely to turn bullish and it could rally from these levels towards 2350 initially.


Trading Strategy for Reliance

For intraday, the crucial level is 1980. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 1950 for a target of 2350. Initiate shorts if it fails to sustain above 1950 for a target of 1700.



RPL

The crucial level for the short term for this scrip is 145. If it sustains above 145, then it is likely to turn bullish and in the upper side it could test 165.

Instead, if it fails to sustain above 145, then the short term trend would turn bearish and in the downside it is likely to decline towards 130.

Trading Strategy for Rpl

For Intraday, the crucial level is 150. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 145. And initiate shorts if it sustains below 145.



Reliance Capital

The level 1120 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.

If it fails to sustain above 1120, then the trend would turn bearish and in the downside it is likely to decline towards 1000.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 1190. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1120. Initiate longs if it fails to move below 1120 for a target of 1300.





Infosys

The level 1400 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 1750.

Instead, if it fails to trade above 1400, the short term trend would turn bearish and in the downside it is likely to decline towards 1200.



Trading Strategy for Infosys

For intraday, the crucial level is 1480. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1400. Initiate longs if it fails to move below 1400.




IFCI

The crucial level for the scrip in the short term is 35. The trend would remain bearish for this scrip if it sustains below 35 and in the down side, it could test 25.

If the level 35 is not violated in the short term, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 45 initially and above 45, it could test 55.

Trading Strategy for IFCI

For intraday, the crucial level is 38.50. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 35 is held in coming trading sessions. Short if it fails to sustain above 35 for a target of 25.






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TECHNICAL OUTLOOK, 26 SEPTEMBER

Nifty (spot) 4110.55



Nifty Intraday trading levels

Today, if Nifty trades below 4150, then it could test 4050. Instead, if it trades above 4150, then it could test 4210.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4150. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4210.



Short term Technical View of Nifty

Now, the rally from the low of 3800 to 4305 is being corrected. The most likely level for Nifty to terminate its correction is around 3900-3950 level.

In the upper side, Nifty is likely to turn bullish for short term, if it trades above 4240. Until then the trend would remain bearish.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Abb

The levels 860 in the upper side and 780 in the lower side are crucial level for this scrip for the short term. If it fails to sustain above 860, then it is likely to decline towards 780.

Like wise, if it fails to move below 780 in coming trading sessions, then it is likely to turn bullish and it could rally from these levels towards 860 initially.


Trading Strategy for Abb

For intraday, the crucial level is 860. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 860 for a target of 780. Initiate longs if it sustains above 860 for a target of 930 with 840 as stop.



Acc

The crucial levels for the short term for this scrip are 635 and 570. If it sustains above 635, then it is likely to turn bullish and in the upper side it could test 720.

Instead, if it fails to sustain above 635, then the short term trend would turn bearish and in the downside it is likely to decline towards 570.

Trading Strategy for Acc

For Intraday, the crucial level is 618. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 570. And initiate shorts if it sustains below 635.



Sail

The level 147 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 160.

If it fails to sustain above 147, then the trend would turn bearish and in the downside it is likely to decline towards 135.


Trading Strategy for Sail

For intraday, the crucial level is 147. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 147. Initiate longs if it fails to move below 135 for a target of 160.





Tata Steel

The level 510 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels to 600.

Instead, if it fails to trade above 510, the short term trend would turn bearish and in the downside it is likely to decline towards 460.



Trading Strategy for Tatasteel

For intraday, the crucial level is 500. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 510. Initiate longs if it fails to move below 460.




Ongc

The crucial level for the scrip in the short term is 1100. The trend would remain bearish for this scrip if it sustains below 1100 and in the down side, it could test 1000.

If the level 1000 is not violated in the short term, then the scrip is likely to turn bullish in the short term.

Trading Strategy for Ongc

For intraday, the crucial level is 1100. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1100 is held in coming trading sessions. Short if it fails to sustain above 1100 for a target of 1000.



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TECHNICAL OUTLOOK, 25 SEPTEMBER

Daily Newsletter


Nifty (spot) 4126.90



Nifty Intraday trading levels

Today, if Nifty trades below 4200, then it could test 4100 and below 4100, it could test 4050. Instead, if it trades above 4200, then it could test 4240.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4200. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4200.



Short term Technical View of Nifty

Now, the rally from the low of 3800 to 4305 is being corrected. The most likely level for Nifty to terminate its correction is around 3900-3950 level.

In the upper side, Nifty is likely to turn bullish for short term, if it trades above 4240. Until then the trend would remain bearish.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Icici Bank

The levels 625 in the upper side and 560 in the lower are crucial level for this scrip for the short term. If it fails to sustain above 625, then it is likely to decline towards 560.

Like wise, if it fails to move below 560 in coming trading sessions, then it is likely to turn bullish and it could rally from these levels towards 670 initially.


Trading Strategy for Icici Bank

For intraday, the crucial level is 610. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 625 for a target of 560. Initiate longs if it fails to move below 560 for a target 670.



SBI

The crucial levels for the short term for this scrip are 1570 and 1450. If it sustains above 1570, then it is likely to turn bullish and in the upper side it could test 1650.

Instead, if it fails to sustain above 1570, then the short term trend would turn bearish and in the downside it is likely to decline towards 1450.

Trading Strategy for SBI

For Intraday, the crucial level is 1530. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 1450. And initiate shorts if it sustains below 1570.



Sterlite

The level 535 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 650.

If it fails to sustain above 535, then the trend would turn bearish and in the downside it is likely to decline towards 430.


Trading Strategy for Sterlite

For intraday, the crucial level is 495. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 535. Initiate longs if it fails to move below 430 for a target of 650.





Tcs

The level 735 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels to 790.

Instead, if it fails to trade above 735, the short term trend would turn bearish and in the downside it is likely to decline towards 670.



Trading Strategy for Tcs

For intraday, the crucial level is 735. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735. Initiate longs if it fails to move below 150.




TataMotors

The crucial levels for the scrip in the short term are 410 and 385. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, if it moves below 385, then it could decline towards 350.

If the level 350 is not violated in the short term, then the scrip is likely to make a major bottom around this level.


Trading Strategy for Tatamotors

For intraday, the crucial level is 385. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 385 is held in coming trading sessions. Short if it fails to sustain above 410 for a target of 350.






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TECHNICAL OUTLOOK, 24 SEPTEMBER

Daily Newsletter


Nifty (spot) 4126.90



Nifty Intraday trading levels

Today, if Nifty trades below 4160, then it could test 4050 and below 4050, it could test 3950. Instead, if it trades above 4160, then it could test 4200.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4160. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4160.



Short term Technical View of Nifty

Now, the rally from the low of 3800 to 4305 is being corrected. The most likely level for Nifty to terminate its correction is around 3900-3950 level.

In the upper side, Nifty is likely to turn bullish for short term, if it trades above 4160. Until then the trend would remain bearish.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Reliance

The level 2030 in the upper side and the level 3890 in the lower are crucial level for this scrip for the short term. If it fails to sustain above 2030, then it is likely to decline towards 1890.

Like wise, if it fails to move below 1890 in coming trading sessions, then it is likely to turn bullish and it could rally from these levels towards 2200 initially.


Trading Strategy for Reliance

For intraday, the crucial level is 2017. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2030 for a target of 1900. Initiate longs if it fails to move below 1890 for a target 2200.



Rcom

The crucial level for the short term for this scrip is 340. If it sustains above this level, then it is likely to turn bullish and in the upper side it could test 400.

Instead, if it fails to sustain above 340, then the short term trend would turn bearish and in the downside it is likely to decline towards 300.

Trading Strategy for Rcom

For Intraday, the crucial level is 365. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 340. And initiate shorts if it sustains below 340.



Rpl

The level 140 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 165.

If it fails to sustain above 140, then the trend would turn bearish and in the downside it is likely to decline towards 125.


Trading Strategy for Rpl

For intraday, the crucial level is 150. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 150. Initiate longs if it sustains above 140 for a target of 165.





RPower

The level 150 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels to 180.

Instead, if it fails to trade above 150, the short term trend would turn bearish and in the downside it is likely to decline towards 125.



Trading Strategy for Rpower

For intraday, the crucial level is 157. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 150. Initiate longs if it sustains above 150.




Reliance Capital

The crucial level for the scrip in the short term is 1220 and 1030. The trend would remain bearish for this scrip if it sustains below 1220 and in the down side it could test 1120 and below this level it is likely to decline towards 1020.

If the level 1020 is violated in the short term, then the scrip is likely to make a major bottom around this level.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 1220. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1020 is held in coming trading sessions. Short if it fails to sustain above 1220 for a target of 1120 and 1020.


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TECHNICAL OUTLOOK, 23 SEPTEMBER

Daily Newsletter


Nifty (spot) 4223.05



Nifty Intraday trading levels

Today, if Nifty trades below 4245, then it could test 4130 and below 4130, it could test 4050. Instead, if it trades above 4245, then it could test 4300.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4130. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4130.



Short term Technical View of Nifty

Now, the level 4380 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. If it trades above 4380 then it could test 4700.

As the market has bounced from a level very closer to its low of 3790, without violating it, chances for a strong rally from now onwards is likely if the level 4380 is broken in the upside. Until then Nifty is vulnerable for a downside.



Extreme Short term technical view of Nifty

In the extreme short term, the level 4130 is crucial.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Abb

The level 780 is crucial in the short term for this scrip. If it sustains above this level, then it is likely to turn bullish. In the upper side, it is likely to test 870 in the short term.

Instead, if it fails to sustain above 780, then in the downside it is likely to decline towards 700.


Trading Strategy for Abb

For intraday, the crucial level is 830. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 780 for a target of 700. Initiate longs if it sustains above 780 for a target of 870.



Bank of Baroda

The crucial level for the short term for this scrip is 275. If it sustains above this level, then it is likely to turn bullish and in the upper side it could test 350.

Instead, if it fails to sustain above 275, then the short term trend would turn bearish and in the downside it is likely to decline towards 240.

Trading Strategy for Bank of Baroda

For Intraday, the crucial level is 305. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 275. And initiate shorts if it sustains below 275.



Bata

The level 130 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 165.

If it fails to sustain above 130, then the trend would turn bearish and in the downside it is likely to decline towards 110.


Trading Strategy for Bata

For intraday, the crucial level is 148. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 130. Initiate longs if it sustains above 130 for a target of 160.





Bharti

The level 780 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels to 870.

Instead, if it fails to trade above 780, the short term trend would turn bearish and in the downside it is likely to decline towards 740.



Trading Strategy for Bharti

For intraday, the crucial level is 801. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 780. Initiate longs if it sustains above 780.




Canara Bank

The crucial level for the scrip in the short term is 208. The trend would remain bullish for this scrip if it sustains above 208 and in the upper side it could test 240.

Instead, if it fails to sustain above 208, then it is likely to decline towards 190.


Trading Strategy for Canara Bank

For intraday, the crucial level is 222. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 208 is held for a target of 240. Short if it fails to sustain above 208 for a target of 190.


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TECHNICAL OUTLOOK, 22 SEPTEMBER

Daily Newsletter


Nifty (spot) 4245.25



Nifty Intraday trading levels

Today, if Nifty trades above 4220, then it could test 4360. Instead, if it fails to sustain above 4380, then it could decline towards 4220.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4380. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4380. Initiate longs if it sustains above 4380 with a stop at 4350.




Short term Technical View of Nifty

Now, the level 4380 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. If it trades above 4380 then it could test 4700.

As the market has bounced from a level very closer to its low of 3790, without violating it, chances for a strong rally from now onwards is likely if the level 4380 is broken in the upside. Until then Nifty is vulnerable for a downside.





Extreme Short term technical view of Nifty

In the extreme short term, the level 4380 is crucial.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.



Long term outlook of Nifty dated on 02 July 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 3600.



Short term trading calls of Stocks for spot market



ACC

The level 635 is crucial in the short term for this scrip. If it sustains above this level, then it is likely to turn bullish. In the upper side, it is likely to test 720 in the short term.

Instead, if it fails to move above 635, then in the downside it is likely to decline towards 540.


Trading Strategy for Acc

For intraday, the crucial level is 635. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 635 for a target of 540. Initiate longs if it sustains above 635 for a target of 720.



Divislab

The crucial level for the short term for this scrip is 1475. If it sustains above this level, then it is likely to turn bullish further and in the upper side it 1600.

Instead, if it fails to sustain above 1475, then the short term trend would turn bearish and in the downside it is likely to decline towards 1350.

Trading Strategy for Divislab

For Intraday, the crucial level is 1475. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to move above 1475. And initiate longs if it sustains below 1475.



Rcom

The level 405 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 450.

If it fails to sustain above 405, trend would turn bearish and in the downside it is likely to decline towards 350.


Trading Strategy for Rcom

For intraday, the crucial level is 375. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 405. Initiate longs if it sustains above 405 for a target of 450.





M&M

The level 570 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels to 630.

Instead, if it fails to trade above 570, the short term trend would turn bearish and in the downside it is likely to decline towards 535.

In the downside, the level 535 is crucial. if it sustains above this level, then it is likely to move towards 570.


Trading Strategy for M&M

For intraday, the crucial level is 555. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to move above 570. Initiate longs if it sustains above 570.




SBI

The crucial level for the scrip in the short term is 1650 and 1550. The trend would remain bullish for this scrip if it sustains above 1550 and in the upper side it could test 1650.

In the upper side, the level 1650 is crucial. If it moves above this level, then it is likely to rally further towards 1750. If not, it is likely to see a short term correction from this level.


Trading Strategy for SBI

For intraday, the crucial level is 1580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1550 is held for a target of 1650. Short if it fails to sustain above 1650.



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TECHNICAL OUTLOOK, 19 SEPTEMBER

Daily Newsletter


D Sathia Moorthy


Nifty (spot) 4038.15



Nifty Intraday trading levels

Today, if Nifty trades above 4150, then it could test 4220. Instead, if it fails to sustain above 4150, then it could decline towards 4050.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4150. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4150. Initiate longs if it sustains above 4150.




Short term Technical View of Nifty

Now, the level 4220 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. If it trades above 4220 then it could test 4350.

As the market has bounced from a level very closer to its low of 3790, without violating it, chances for a strong rally from now onwards is likely if the level 4350 is broken in the upside. Until then Nifty is vulnerable for a downside.



Extreme Short term technical view of Nifty

In the extreme short term, the level 4220 is crucial.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



DLF

The level 365 is crucial in the short term for this scrip. If it sustains above this level, then it is likely to turn bullish. In the upper side the level 450 is crucial. If it moves above this level, then it is likely to rally further towards 600.

Instead, if it fails to move above 450 or if it fails to sustain above 365, then in the downside it is likely to decline towards 250.


Trading Strategy for DLF

For intraday, the crucial level is 410. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 365 for a target of 250. Initiate longs if it sustains above 365.



L&T

The crucial level for the short term for this scrip is 2640. If it sustains above this level, then it is likely to turn bullish and in the upper side, if it moves above 2750, then it is likely to rally further towards 3000.

Instead, if it fails to sustain above 2640, then the short term trend would turn bearish and in the downside it is likely to decline towards 2450.

Trading Strategy for L&T

For Intraday, the crucial level is 2640. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to move below 2640. And initiate longs if it sustains below 2640.



Tata Motors

The level 440 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 500.

If it fails to sustain above 440, trend would turn bearish and in the downside it is likely to decline towards 400.


Trading Strategy for Tata Motors

For intraday, the crucial level is 415. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 440. Initiate longs if it sustains above 415 for a target of 440.





Reli infra

The level 940 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels.

Instead, if it fails to trade above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850. In the downside, the level 850 is crucial if it sustains above this level, then it is likely to move towards 940.


Trading Strategy for Reli infra

For intraday, the crucial level is 850. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to move above 940. Initiate longs if it sustains above 850.




Tata Steel

The crucial level for the scrip in the short term is 440 and 540. The trend would turn bullish for this scrip if it moves above 540.

Instead, if it fails to move above 540, the short term trend would turn bearish and in the downside it is likely to decline towards 380.



Trading Strategy for Tata Steel

For intraday, the crucial level is 460. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 440 is held for a target of 530. Short if it fails to sustain above 540.

TECHNICAL OUTLOOK, 18 SEPTEMBER

Daily Newsletter


D Sathia Moorthy


Nifty (spot) 4008.25



Nifty Intraday trading levels

Today, if Nifty trades above 3950, then it could test 4050. Instead, if it fails to sustain above 3950, then it could decline towards 3800.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3950. Initiate longs if it sustains above 3950.




Short term Technical View of Nifty

Now, the level 4200 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. If it trades above 4200, then it could test 4350.

If it fails to move above 4200, then it is likely to decline towards 4070 initially.


The level 3950 is crucial in the downside.



Extreme Short term technical view of Nifty

In the extreme short term, the level 3950 is crucial.









Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 3600.





Short term trading calls of Stocks for spot market



Ongc

The level 900 is crucial in the short term for this scrip. If it sustains above this level, then it is likely to turn bullish. In the upper side the level 1000 is crucial. If it moves above this level, then it is likely to rally further towards 1100.

Instead, if it fails to move above 1000, then in the downside it has potential of testing 900.


Trading Strategy for Ongc

For intraday, the crucial level is 970. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to move above 1000. Initiate longs if it sustains above 900.



Reliance Capital

The crucial level for the short term for this scrip is 990. If it sustains above this level, then it is likely to turn bullish and in the upper side, if it moves above 1150, then it is likely to rally further.

Instead, if it fails to sustain above 990, then the short term trend would turn bearish and in the downside it is likely to decline towards 800.

Trading Strategy for Reliance Capital

For Intraday, the crucial level is 1045. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 990. And initiate shorts if it sustains below 990.



Rolta

The level 250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 320.

If it fails to sustain above 250, trend would turn bearish and in the downside it is likely to decline towards 210.


Trading Strategy for Rolta

For intraday, the crucial level is 273. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 250. Initiate longs if it sustains above 250.





Rpl

The level 150 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels.

Instead, if it fails to trade above 150, the short term trend would turn bearish and in the downside it is likely to decline towards 130.


Trading Strategy for RPL

For intraday, the crucial level is 146. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to move above 150. Initiate longs if it sustains above 130.




Sail

The crucial level for the scrip in the short term is 125 in the downside and the short term trend would remain bullish as long as it sustains above this level.

Instead, if it trades below 125, the short term trend would turn bearish and in the downside it is likely to decline towards 110.



Trading Strategy for Sail

For intraday, the crucial level is 137. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 125 is held. Short if it fails to sustain above 125.



Visit us at:
www.sathiamoorthy.com

TECHNICAL OUTLOOK,17 SEPTEMBER

Daily Newsletter

D Sathia Moorthy


Nifty (spot) 4072.90



Nifty Intraday trading levels

Today, if Nifty trades above 4150, then it could test 4200. Instead, if it fails to move above 4150, then it could decline towards 4070.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4150. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to move above 4200. Initiate longs if it sustains above 4200.




Short term Technical View of Nifty

Now, the level 4200 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. If it trades above 4200, then it could test 4350.

If it fails to move above 4200, then it is likely to decline towards 4070 initially.


The level 3950 is crucial in the downside.



Extreme Short term technical view of Nifty

In the extreme short term, the level 4200 is crucial.





Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks for spot market



ICICI Bank

The level 550 is crucial in the short term for this scrip. If it sustains above this level, then it is likely to turn bullish. In the upper side the level 640 is crucial. If it trades above this level, then it would turn bullish further.

Instead, if it fails to move above 640, then in the downside it has potential of testing 550.


Trading Strategy for ICICI Bank

For intraday, the crucial level is 600. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to move above 640. Initiate longs if it sustains above 640.



Tata Motors

The crucial level for the short term for this scrip is 385. If it sustains above this level, then it is likely to turn bullish and in the upper side, if it moves above 415, then it is likely to rally further.

Instead, if it fails to move above 415, then the short term trend would turn bearish and in the downside it is likely to decline towards 385.

Trading Strategy for Tatamotors

For Intraday, the crucial level is 395. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to clear 415. And initiate longs if it sustains above 415.



Bombay Dyeing

The level 535 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 600.

If it fails to sustain above 535, trend would remain bearish and in the downside it is likely to decline towards 450.


Trading Strategy for Bom dyeing

For intraday, the crucial level is 490. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to move above 535. Initiate longs if it sustains above 535.





Divislab

The level 1430 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels.

Instead, if it fails to trade above 1430, the short term trend would turn bearish and in the downside it is likely to decline towards 1320.


Trading Strategy for Divislab

For intraday, the crucial level is 1375. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to move above 1430. Initiate longs if it sustains above 1430.




Gail

The crucial level for the scrip in the short term is 400 in the downside and the short term trend would remain bullish as long as it sustains above this level.

Instead, if it trades below 400, the short term trend would turn bearish and in the downside it is likely to decline towards 360.



Trading Strategy for Gail

For intraday, the crucial level is 420. Trade long above this level and be short below this level.

Positional traders can initiate longs with a stop at 400. Short if it fails to sustain above 400.

TECHNICAL OUTLOOK, 16 SEPTEMBER

Daily Newsletter

D Sathia Moorthy


Nifty (spot) 4072.90



Nifty Intraday trading levels

Today, if Nifty trades below 3950, then it could test 3850. Instead, if it sustains above 3950, then it could test 4000 and above 4000, it could test 4100.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts 3950 with a stop at 4000.




Short term Technical View of Nifty

Now, the level 4200 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. The level 3950 is crucial in the downside. A move below 3950 would confirm further downside.


Instead, if it fails to move below 3950 level, then it could rally from that levels.

Extreme Short term technical view of Nifty

In the extreme short term, the level 3950 is crucial.





Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks for spot market



Reliance

The level 1950 is crucial in the short term for this scrip. If it moves above this level, then it is likely to rally further.

Instead, if it fails to move above 1950, then in the downside it has potential of testing 1700.


Trading Strategy for Reliance

For intraday, the crucial level is 1850. Trade long above this level and trade short below this level.

Positional traders can initiate shorts below 1850 with a stop at 1880.



SBI

The crucial level for the short term for this scrip is 1440. If it sustains above this level, then it is likely to turn bullish and it is likely to rally towards 1550 in coming weeks.

Instead, if it moves below 1440, then the short term trend would turn bearish and in the downside it is likely to decline towards 1300.

Trading Strategy for SBI

For Intraday, the crucial level is 1440. Trade long above this level and trade short below this level.

Positional traders can initiate shorts below 1440 with a stop at 1480 for a target of 1300.




Acc

The level 540 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 630.

If it fails to sustain above 540, trend would remain bearish and in the downside it is likely to decline towards 470.


Trading Strategy for Acc

For intraday, the crucial level is 570. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it moves below 540 with a stop at 580.





Bank of Baroda

The level 285 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels.

Instead, if it trades below 285, the short term trend would turn bearish and in the downside it is likely to decline towards 260.


Trading Strategy for Bob

For intraday, the crucial level is 295. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 285 is held. Short below this level with a stop 295 for a target of 260.




Bharti Airtel

The crucial level for the scrip in the short term is 690 in the downside and 790 in the upside. If it sustains above 690, then it is likely turn bullish.

Instead, if it trades below 690, the short term trend would turn bearish and in the downside it is likely to decline towards 620.



Trading Strategy for Bharti

For intraday, the crucial level is 750. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines towards 690. Short if it fails to move above 790.

TECHNICAL OUTLOOK, 15 SEPTEMBER

Daily Newsletter

D Sathia Moorthy


Nifty (spot) 4228.45



Nifty Intraday trading levels

Today, if Nifty trades below 4240, then it could test 4150. Instead, if it moves above 4240, then it could test 4320.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial levels are 4240 and 4150. Trade in the short side, if it fails to move above 4240 and trade, long if it sustains above 4150.

Positional traders can initiate longs with a stop at 4150 on declines. Initiate short below 4150 with a stop at 4200.




Short term Technical View of Nifty

Now, Nifty is likely to turn bullish if it sustains above 4150 level and it is likely to rally towards 4700 in the short term.

Instead, if it fails to sustain above 4150 level, then it could decline towards 4000.


Extreme Short term technical view of Nifty

In the extreme short term, the level 4150 is crucial.









Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks for spot market



Divislab

The level 1400 is crucial in the short term for this scrip. If it sustains above this level, then it is likely to rally from these levels to 1600 in coming weeks.

Instead, if it fails to sustain above 1400, the short term trend would turn bearish and in the downside it is likely to decline towards 1300.


Trading Strategy for Divislab

For intraday, the crucial level is 1445. Trade long above this level and trade short below this level.

Positional traders can initiate longs on declines with a stop at 1400 for a target of 1600. If it trades below 1400, initiate shorts with a stop at 1450 for a target of 1300.



ICICI Bank

The crucial level for the short term for this scrip is 600. If it sustains above this level, then it is likely to turn bullish and it is likely to rally towards 750 in coming weeks.

On contrary, if it moves below 700, then the short term trend would turn bearish and in the downside it is likely to decline towards 500.

Trading Strategy for ICICI Bank

For Intraday, the crucial level is 660. Trade long above this level and trade short below this level.

Positional traders can initiate longs on declines towards 600.
Below 600, initiate shorts with a stop at 630 for a target of 500.




IFCI

The level 139 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 55.

If it fails to sustain above 39, trend would remain bearish and in the downside it is likely to decline towards 30.


Trading Strategy for IFCI

For intraday, the crucial level is 44. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines towards 39.





Infosys

The level 1570 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels.

On contrary, if it trades below 1570, the short term trend would turn bearish and in the downside it is likely to decline towards 1450.


Trading Strategy for Infosys

For intraday, the crucial level is 1650. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 1570.




M&M

The crucial level for the scrip in the short term is 520. If it sustains above this level, then it is likely to turn bullish and in the upper side it could test 600.

Instead, if it trades below 520, the short term trend would turn bearish and in the downside it is likely to decline towards 460.



Trading Strategy for M&M

For intraday, the crucial level is 555. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines towards 520. Short if it fails to sustain above 520.

TECHNICAL OUTLOOK, 12 SEPTEMBER

Daily Newsletter


Nifty (spot) 4290.30



Nifty Intraday trading levels

Today, if Nifty trades below 4330, then it could test 4200. Instead, if it sustains above 4330, then it could test 4400.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4330. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 4330 with a stop at 43000. Initiate longs, if Nifty declines towards 4200.




Short term Technical View of Nifty

Now, Nifty is likely remain bearish as long as it trades below 4350 and in the downside it is likely to test 4200.

Instead, if it sustains above 4350 level, then it could start a rally towards 4700.



Extreme Short term technical view of Nifty

In the extreme short term, the level 4330-4350 is crucial. If Nifty sustains above this level, then it is likely to rally towards 4700. If it fails to sustain above this level, then it is likely to decline towards 4200.



Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks for spot market



Abb

The short term trend of this scrip is likely to turn bullish if it sustains above 850, and in the upper side it could test 930 in the short term.

Instead, if it trades below 850, the short term trend would turn bearish and in the downside it is likely to decline towards 820.


Trading Strategy for Abb

For intraday, the crucial level is 865. Trade long above this level and trade short below this level.

Positional traders can initiate longs on declines with a stop at 850 for a target of 930. If it trades below 850, initiate shorts with a stop at 850 for a target of 820.




Canara Bank

The short term trend of this scrip is likely to turn bullish if it sustains above 209. and in the upper side it could move towards 240 initially.

On contrary, if it moves below 209, then the short term trend would turn bearish and in the downside it is likely to decline towards 190.

Trading Strategy for Canara Bank

For Intraday, the crucial level is 215. Trade long above this level and trade short below this level.

Positional traders can initiate longs with a stop at 209 for a target of 240.
Below 209, initiate shorts with a stop at 215.




SBI

The 1570 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1650.

If it fails to move above 1570, trend would remain bearish and in the downside it is likely to decline towards 1450.


Trading Strategy for SBI

For intraday, the crucial level is 1530. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to move above 1570.





Tata Steel

The level 490 is crucial for this scrip in the short term and medium term. If it sustains above this level, then it is likely to see a rally from these levels.

On contrary, if it trades below 490, the short term trend would turn bearish and in the downside it is likely to decline towards 430.


Trading Strategy for Tata Steel

For intraday, the crucial level is 532. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 490. Short if it fails to move above 532.





Tcs

The crucial level for the scrip in the short term is 815. If it sustains above this level, then it is likely to turn bullish and in the upper side it could test 860.

Instead, if it trades below 815, the short term trend would turn bearish and in the downside it is likely to decline towards 780.



Trading Strategy for Tcs

For intraday, the crucial level is 845. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines towards 815. Short if it fails to move above 845.

TECHNICAL OUTLOOK, 11 SEPTEMBER

Daily Newsletter




Nifty (spot) 4400.25



Nifty Intraday trading levels

Today, if Nifty trades below 4430, then it could test 4350. Instead, if it sustains above 4430, then it could test 4500.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4430. Trade long above this level and be short below this level.

Positional traders can initiate longs on decline towards 4380 with a stop at 4340 for a target of 4700.




Short term Technical View of Nifty

Now, Nifty is likely to rally towards 4700 by this month end and the next short term correction is likely to occur around 4700 level. This view holds good as long as Nifty stays above 4350.

Instead, if it fails to hold above 4350 level, then it could decline towards 4200.

Extreme Short term technical view of Nifty

In the extreme short term, the level 4350 is crucial. If Nifty sustains above this level, then it is likely to rally towards 4700.






Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks for spot market



Divislab

The short term trend of this scrip is looking bullish and it is likely to test 1600 in the short term and this view holds good as long as it sustains above 1470.

On contrary, if it trades below 1470, the short term trend would turn bearish and in the downside it is likely to decline towards 1400.


Trading Strategy for Divislab

For intraday, the crucial level is 1485. Trade long above this level and trade short below this level.

Positional traders can initiate longs on declines with a stop at 1470 for a target of 1600.



Infosys

The short term trend of this scrip is looking bullish and it is likely to test 1870 in the short term and this view holds good as long as it sustains above 1700.

As the scrip is moving within a triangle pattern, break out either side is likely to be followed by sharp move in coming trading sessions.

On contrary, if it moves below 1700, then the short term trend would turn bearish and in the downside it is likely to decline towards 1630.

Trading Strategy for infosys

For Intraday, the crucial level is 1745. Trade long above this level and trade short below this level.

Positional traders can initiate longs with a stop at 1700 for a target of 1870 .




M&M

The short term trend of this scrip is looking bullish and it is likely to test 640 in the short term and this view holds good as long as it sustains above 560.

On contrary, if it trades below 560, the short term trend would turn bearish and in the downside it is likely to decline towards 530.


Trading Strategy for M&M

For intraday, the crucial level is 575. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 560.





Mtnl

The short term trend of this scrip is looking bullish and it is likely to test 107 in the short term and this view holds good as long as it sustains above 94.

On contrary, if it trades below 94, the short term trend would turn bearish and in the downside it is likely to decline towards 85.


Trading Strategy for MTNL

For intraday, the crucial level is 98. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 94 for a target of 107.





Polaris

The scrip seems to be making a bullish pattern and if it sustains above 93 level, it is likely to rally towards 125 in coming trading sessions.

On contrary, if it trades below 93, the short term trend would turn bearish and in the downside it is likely to decline towards 80.



Trading Strategy for Polaris

For intraday, the crucial level is 99. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 93.






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Contact:
9381203517
sathiamoorthyd@gmail.com
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TECHNICAL OUTLOOK, 10 SEPTEMBER

Daily Newsletter


D Sathia Moorthy


Nifty (spot) 4468.70



Nifty Intraday trading levels

Today, if Nifty trades below 4445, then it could test 4380. Instead, if it sustains above 4445, then it could test 4530.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4445. Trade long above this level and be short below this level for a target of 4380.

Positional traders can initiate longs on decline towards 4380 with a stop at 4340 for a target of 4700.




Short term Technical View of Nifty

Now, Nifty is likely to rally towards 4700 by this month end and the next short term correction is likely to occur around 4700 level. This view holds good as long as Nifty stays above 4350.

Instead, if it fails to hold above 4350 level, then it could decline towards 4200.


Extreme Short term technical view of Nifty

In the extreme short term, the level 4350 is crucial. If Nifty sustains above this level, then it is likely to rally towards 4700.





Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks for spot market



Rcom

The short term trend of this scrip is looking bullish and it is likely to test 440 in the short term and this view holds good as long as it sustains above 380.

On contrary, if it trades below 380, the short term trend would turn bearish and in the downside it is likely to decline towards 350.


Trading Strategy for Rcom

For intraday, the crucial level is 399. Trade long above this level and trade short below this level.

Positional traders can initiate longs on declines with a stop at 380 for a target of 440.



Voltas

The short term trend of this scrip is looking bullish and it is likely to test 160 in the short term and this view holds good as long as it sustains above 124.

On contrary, if it moves below 124, then the short term trend would turn bearish and in the downside it is likely to decline towards 112.


Trading Strategy for Voltas

For Intraday, the crucial level is 131. Trade long above this level and trade short below this level.

Positional traders can initiate longs with a stop at 124 for a target of 160 .




Reliance

The short term trend of this scrip is looking bullish and it is likely to test 2300 in the short term and this view holds good as long as it sustains above 2060.

On contrary, if it trades below 2060, the short term trend would turn bearish and in the downside it is likely to decline towards 1950.


Trading Strategy for Reliance

For intraday, the crucial level is 2100. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 2060.





Reliance Capital

The short term trend of this scrip is looking bullish and it is likely to test 1450 in the short term and this view holds good as long as it sustains above 1290.

On contrary, if it trades below 1290, the short term trend would turn bearish and in the downside it is likely to decline towards 1200.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 1345. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 1290 for a target of 1450.





RPL

The short term trend of this scrip is looking bullish and it is likely to test 180 in the short term and this view holds good as long as it sustains above 150.

On contrary, if it trades below 150, the short term trend would turn bearish and in the downside it is likely to decline towards 140.



Trading Strategy for RPL

For intraday, the crucial level is 159. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 150.






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