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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