TECHNICAL OUTLOOK, 31 DECEMBER

D Sathia Moorthy


Nifty (spot) 2979.50



Nifty Intraday trading levels

Today, if Nifty trades below 3020, then it could test 2850. Instead, if it trades above 3020, then it could test 3050.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3020. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 and this view holds good as long as Nifty stays below 3050.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1225. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1310. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1150. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Reliance Capital (spot)

The level 580 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 650.

Instead, if it fails to sustain above 580, the short term trend would turn bearish and in the downside it is likely to decline towards 480 initially.



Trading Strategy for Reliance Capital

For intraday, the crucial level is 580. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 580 for a target of 480. Initiate longs if it sustains above 580 for a target of 650.




Rpower (spot)

The crucial level for the scrip in the short term is 127. The trend would remain bearish for this scrip if it sustains below 127 and in the down side, it could test 80 initially.

If the scrip sustains above 127, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 145.


Trading Strategy for Rpower

For intraday, the crucial level is 124. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 127 is broken in the upside for a target of 145. Short if it fails to sustain above 127 for a target of 80.


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TECHNICAL OUTLOOK, 30 DECEMBER

D Sathia Moorthy


Nifty (spot) 2922.20



Nifty Intraday trading levels

Today, if Nifty trades below 2960, then it could test 2850. Instead, if it trades above 2960, then it could test 3000.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2960. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 and this view holds good as long as Nifty stays below 3050.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1280. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1250. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1135. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Ranbaxy (spot)

The level 260 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 295.

Instead, if it fails to sustain above 260, the short term trend would turn bearish and in the downside it is likely to decline towards 180 initially.



Trading Strategy for Ranbaxy

For intraday, the crucial level is 228. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 260 for a target of 180. Initiate longs if it sustains above 260 for a target of 295.




Rcom (spot)

The crucial level for the scrip in the short term is 230. The trend would remain bearish for this scrip if it sustains below 230 and in the down side, it could test 150 initially.

If the scrip sustains above 230, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 260.


Trading Strategy for Rcom

For intraday, the crucial level is 220. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 230 is broken in the upside for a target of 260. Short if it fails to sustain above 230 for a target of 150.


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TECHNICAL OUTLOOK, 29 DECEMBER

D Sathia Moorthy


Nifty (spot) 2968.65



Nifty Intraday trading levels

Today, if Nifty trades below 2900, then it could test 2800. Instead, if it trades above 2900, then it could test 2950.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2920, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1230. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1255. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1135. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





ONGC (spot)

The level 700 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 760.

Instead, if it fails to sustain above 700, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.



Trading Strategy for ONGC

For intraday, the crucial level is 650. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 700 for a target of 550. Initiate longs if it sustains above 700 for a target of 760.




Rpower (spot)

The crucial level for the scrip in the short term is 127. The trend would remain bearish for this scrip if it sustains below 127 and in the down side, it could test 80 initially.

If the scrip sustains above 127, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 150.


Trading Strategy for Rpower

For intraday, the crucial level is 118. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 127 is broken in the upside for a target of 150. Short if it fails to sustain above 127 for a target of 80.


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TECHNICAL OUTLOOK, 26 DECEMBER

D Sathia Moorthy


Nifty (spot) 2968.65



Nifty Intraday trading levels

Today, if Nifty trades below 2950, then it could test 2800. Instead, if it trades above 2950, then it could test 3000.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2920, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1260. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1300. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1165. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Rcom (spot)

The level 230 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 260.

Instead, if it fails to sustain above 230, the short term trend would turn bearish and in the downside it is likely to decline towards 150 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 215. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 230 for a target of 150. Initiate longs if it sustains above 230 for a target of 260.




Satyam Computers (spot)

The crucial level for the scrip in the short term is 165. The trend would remain bearish for this scrip if it sustains below 165 and in the down side, it could test 80 initially.

If the scrip sustains above 165, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 200.


Trading Strategy for Satyam Computers

For intraday, the crucial level is 145. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 165 is broken in the upside for a target of 200. Short if it fails to sustain above 165 for a target of 80.


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TECHNICAL OUTLOOK, 24 DECEMBER

D Sathia Moorthy


Nifty (spot) 2968.65



Nifty Intraday trading levels

Today, if Nifty trades below 3000, then it could test 2920 and below this level it could test 2800. Instead, if it trades above 3000, then it could test 3050.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3000. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2920, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1305, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1275. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1285. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1185. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Rpower (spot)

The level 135 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 155.

Instead, if it fails to sustain above 135, the short term trend would turn bearish and in the downside it is likely to decline towards 90 initially.



Trading Strategy for Rpower

For intraday, the crucial level is 127. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 135 for a target of 90. Initiate longs if it sustains above 135 for a target of 155.




Ranbaxy (spot)

The crucial level for the scrip in the short term is 230. The trend would remain bearish for this scrip if it sustains below 230 and in the down side, it could test 180 initially.

If the scrip sustains above 230, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 255.


Trading Strategy for Ranbaxy

For intraday, the crucial level is 219. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 230 is broken in the upside for a target of 255. Short if it fails to sustain above 230 for a target of 180.


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TECHNICAL OUTLOOK, 23 DECEMBER

D Sathia Moorthy


Nifty (spot) 3039.30



Nifty Intraday trading levels

Today, if Nifty trades below 3050, then it could test 2980 and below this level it could test 2920. Instead, if it trades above 3050, then it could test 3090.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3050. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2900, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1375 is crucial for short term. If it sustains above 1375, then it is likely to rally towards 1490.

Instead, if it fails to sustain above 1375 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1300. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1375 for a target of 1490. Initiate shorts if it fails to sustain above 1375 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1310. If it fails to sustain above 1310, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1310, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1295. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. And initiate longs if it sustains above 1310 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1200. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Rcom (spot)

The level 240 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 280.

Instead, if it fails to sustain above 240, the short term trend would turn bearish and in the downside it is likely to decline towards 150 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 220. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 240 for a target of 150. Initiate longs if it sustains above 240 for a target of 280.




MTNL (spot)

The crucial level for the scrip in the short term is 85. The trend would remain bearish for this scrip if it sustains below 85 and in the down side, it could test 55 initially.

If the scrip sustains above 85, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 95.


Trading Strategy for MTNL

For intraday, the crucial level is 82.5. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 85 is broken in the upside for a target of 95. Short if it fails to sustain above 85 for a target of 55.


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TECHNICAL OUTLOOK, 21 DECEMBER

D Sathia Moorthy


Nifty (spot) 3077.50



Nifty Intraday trading levels

Today, if Nifty trades below 3050, then it could test 3000 and below this level it could test 2950. Instead, if it trades above 3050, then it could test 3150.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3050. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2900, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1490.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1150 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1370. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1490. Initiate shorts if it fails to sustain above 1400 for a target of 1150 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1310. If it fails to sustain above 1310, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1310, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1295. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. And initiate longs if it sustains above 1310 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1175. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 120 for a target of 1250.





ICICI Bank (spot)

The level 490 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 560.

Instead, if it fails to sustain above 490, the short term trend would turn bearish and in the downside it is likely to decline towards 400 initially.



Trading Strategy for ICICI Bank

For intraday, the crucial level is 477. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 490 for a target of 400. Initiate longs if it sustains above 490 for a target of 560.




Maruti (spot)

The crucial level for the scrip in the short term is 590. The trend would remain bearish for this scrip if it sustains below 590 and in the down side, it could test 450 initially.

If the scrip sustains above 590, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 640.


Trading Strategy for Maruti

For intraday, the crucial level is 563. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 590 is broken in the upside for a target of 640. Short if it fails to sustain above 590 for a target of 450.


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TECHNICAL OUTLOOK, 19 DECEMBER

D Sathia Moorthy


Nifty (spot) 3060.75



Nifty Intraday trading levels

Today, if Nifty trades below 3050, then it could test 2990 and below this level it could test 2900. Instead, if it trades above 3050, then it could test 3100 and above this level it could test 3150.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3050. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2900, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1490.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1150 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1345. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1490. Initiate shorts if it fails to sustain above 1400 for a target of 1150 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1300. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1185. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 120 for a target of 1250.





ACC (spot)

The level 490 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 545.

Instead, if it fails to sustain above 490, the short term trend would turn bearish and in the downside it is likely to decline towards 400 initially.



Trading Strategy for ACC

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

Positional traders can initiate shorts if the scrip fails to sustain above 490 for a target of 400. Initiate longs if it sustains above 490 for a target of 545.




Bank of Baroda (spot)

The crucial level for the scrip in the short term is 275. The trend would remain bearish for this scrip if it sustains below 275 and in the down side, it could test 245 initially.

If the scrip sustains above 275, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 295.


Trading Strategy for TCS

For intraday, the crucial level is 275. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 275 is broken in the upside for a target of 295. Short if it fails to sustain above 275 for a target of 245.


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TECHNICAL OUTLOOK, 18 DECEMBER

D Sathia Moorthy


Nifty (spot) 2954.35



Nifty Intraday trading levels

Today, if Nifty trades below 2950, then it could test 2800. Instead, if it trades above 2950, then it could test 3000.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


Below 2950, Nifty is likely to decline towards 2750 and below 2750, it could test 2500.


The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1490.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1150 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1360. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1490. Initiate shorts if it fails to sustain above 1400 for a target of 1150 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1220. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 1000. And initiate longs if it sustains above 1230 for a target of 1300.



Infosys (spot)

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 1200.

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


Trading Strategy for Infosys


For intraday, the crucial level is 1165. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1120 for a target of 1000. Initiate longs if it sustains above 1120 for a target of 1200.





ONGC (spot)

The level 740 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 780.

Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



Trading Strategy for ONGC

For intraday, the crucial level is 729. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 740 for a target of 600. Initiate longs if it sustains above 740 for a target of 780.




TCS (spot)

The crucial level for the scrip in the short term is 520. The trend would remain bearish for this scrip if it sustains below 520 and in the down side, it could test 350 initially.

If the scrip sustains above 520, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 550.


Trading Strategy for TCS

For intraday, the crucial level is 487. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 520 is broken in the upside for a target of 550. Short if it fails to sustain above 520 for a target of 350.


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TECHNICAL OUTLOOK, 17 DECEMBER

D Sathia Moorthy


Nifty (spot) 3041.75



Nifty Intraday trading levels

Today, if Nifty trades above 3050, then it could test 3150. Instead, if it trades below 3050, then it could test 2950.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3150. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3150 for a target of 2500 with a stop at 3250 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty



The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.

A move above 3050 is highly vulnerable for the market to a sharp down move towards 2500.




Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The scrip is close to its previous short term top of 1500. It seems unlikely for the scrip to move above this top. So, the level 1450 is crucial for short term. If it sustains above 1450, then it is likely to rally towards 1490.

Instead, if it fails to sustain above 1450 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1400. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1450 for a target of 1490. Initiate shorts if it fails to sustain above 1450 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1230. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 1000. And initiate longs if it sustains above 1230 for a target of 1300.



Infosys (spot)

The level 1150 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 1200.

If it fails to sustain above 1150, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1135. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1150 for a target of 1000. Initiate longs if it sustains above 1150 for a target of 1200.





Sterlite (spot)

The level 315 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 360.

Instead, if it fails to sustain above 315, the short term trend would turn bearish and in the downside it is likely to decline towards 200 initially.



Trading Strategy for Sterlite

For intraday, the crucial level is 298. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 315 for a target of 200. Initiate longs if it sustains above 315 for a target of 360.




Tata Steel (spot)

The crucial level for the scrip in the short term is 250. The trend would remain bearish for this scrip if it sustains below 250 and in the down side, it could test 150 initially.

If the scrip sustains above 250, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 290.


Trading Strategy for Tata Steel

For intraday, the crucial level is 232. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 250 is broken in the upside for a target of 290. Short if it fails to sustain above 250 for a target of 150.


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TECHNICAL OUTLOOK, 16 DECEMBER

D Sathia Moorthy


Nifty (spot) 2981.20



Nifty Intraday trading levels

Today, if Nifty trades below 2990, then it could test 2880 and below this level it could test 2800. Instead, if it trades above 2990, then it could test 3050.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2990. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3250 with a stop at 3000.



Short term Technical View of Nifty

The level 2850 is crucial in the short term in the downside. If it sustains above this level then it is likely to test 3050.

The level 3050 is crucial in the short term in the upside. As long as it stays below this level, it is likely to decline to 2500 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1350 is crucial for this scrip for the short term. If it sustains above 1350, then it is likely to rally towards 1400.

Instead, if it fails to sustain above 1350 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1350. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1350 for a target of 1400. Initiate shorts if it fails to sustain above 1350 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1230. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 1000. And initiate longs if it sustains above 1230 for a target of 1300.



Infosys (spot)

The level 1150 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 1200.

If it fails to sustain above 1150, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1110. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1150 for a target of 1000. Initiate longs if it sustains above 1150 for a target of 1200.





Reliance Capital (spot)

The level 580 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 660.

Instead, if it fails to sustain above 580, the short term trend would turn bearish and in the downside it is likely to decline towards 400 initially.



Trading Strategy for Reliance capital

For intraday, the crucial level is 540. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 580 for a target of 400. Initiate longs if it sustains above 580 for a target of 660.




DLF (spot)

The crucial level for the scrip in the short term is 305. The trend would remain bearish for this scrip if it sustains below 305 and in the down side, it could test 200 initially.

If the scrip sustains above 305, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 340.


Trading Strategy for DLF

For intraday, the crucial level is 286. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 305 is broken in the upside for a target of 340. Short if it fails to sustain above 305 for a target of 200.


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TECHNICAL OUTLOOK, 15 DECEMBER

D Sathia Moorthy


Nifty (spot) 2921.35



Nifty Intraday trading levels

Today, if Nifty trades above 2950, then it could test 3000 and above this level it could test 3050. Instead, if it trades below 2950, then it could test 2800.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2850 for a target of 2500 with a stop at 2950 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty

The level 2850 is crucial in the short term in the downside. If it sustains above this level then it is likely to test 3050.

The level 3050 is crucial in the short term in the upside. As long as it stays below this level, it is likely to decline to 2500 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1350 is crucial for this scrip for the short term. If it sustains above 1350, then it is likely to rally towards 1400.

Instead, if it fails to sustain above 1350 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1350. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1350 for a target of 1400. Initiate shorts if it fails to sustain above 1350 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1230. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 1000. And initiate longs if it sustains above 1230 for a target of 1300.



Infosys (spot)

The level 1150 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 1200.

If it fails to sustain above 1150, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1150. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1150 for a target of 1000. Initiate longs if it sustains above 1150 for a target of 1200.





Tata Steel (spot)

The level 250 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 280.

Instead, if it fails to sustain above 250, the short term trend would turn bearish and in the downside it is likely to decline towards 180 initially.



Trading Strategy for Tata Steel

For intraday, the crucial level is 225. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 250 for a target of 180. Initiate longs if it sustains above 250 for a target of 280.




Tata Motors (spot)

The crucial level for the scrip in the short term is 180. The trend would remain bearish for this scrip if it sustains below 180 and in the down side, it could test 120 initially.

If the scrip sustains above 180, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 210.


Trading Strategy for Tata Motors

For intraday, the crucial level is 163. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 180 is broken in the upside for a target of 580. Short if it fails to sustain above 180 for a target of 120.


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TECHNICAL OUTLOOK, 12 DECEMBER

D Sathia Moorthy


Nifty (spot) 2920.15



Nifty Intraday trading levels

Today, if Nifty fails to trade above 2950, then it could test 2850 and below this level it could test 2740. Instead, if it trades above 2950, then it could test 3000.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2850 for a target of 2500 with a stop at 2950 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty

The level 2850 is crucial in the short term in the downside. If it sustains above this level then it is likely to test 3050.

The level 3050 is crucial in the short term in the upside. As long as it stays below this level, it is likely to decline to 2500 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1310 is crucial for this scrip for the short term. If it sustains above 1310, then it is likely to rally towards 1350.

Instead, if it fails to sustain above 1310 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1310. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1310 for a target of 1350. Initiate shorts if it fails to sustain above 1310 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1205. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 900. And initiate longs if it sustains above 1230 for a target of 1300.



Infosys (spot)

The level 1170 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 1250.

If it fails to sustain above 1170, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1145. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1170 for a target of 1000. Initiate longs if it sustains above 1170 for a target of 1250.





Rcom (spot)

The level 245 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 280.

Instead, if it fails to sustain above 245, the short term trend would turn bearish and in the downside it is likely to decline towards 180 initially.



Trading Strategy for RCom

For intraday, the crucial level is 245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 245 for a target of 480. Initiate longs if it sustains above 245 for a target of 280.




Reliance capital (spot)

The crucial level for the scrip in the short term is 520. The trend would remain bearish for this scrip if it sustains below 520 and in the down side, it could test 400 initially.

If the scrip sustains above 520, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 580.


Trading Strategy for Reliance Capital

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

Positional traders can initiate longs if the level 520 is broken in the upside for a target of 580. Short if it fails to sustain above 520 for a target of 400.


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