Nifty 5110.75
Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 is crucial. If it sustains above this level, then it is likely to bounce from these levels towards 5350 initially.
Intraday
Today, if Nifty sustains above 5150, then it could test 5200 and above this level it could test 5250. Instead, if it fails to sustain above 5150, then it could test 5100 and below this level, it could test 5000.
Trading Strategy
Now the crucial level is 5100. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
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Monday, February 25, 2008
Monday, February 18, 2008
TECHNICAL OUTLOOK,18 FEB
Nifty 5302.90
Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 and 5350 are crucial. If Nifty fails to sustain above 5350, then it is likely to test 5125 before moving towards 5600.
Intraday
Today, if Nifty sustains above 5275, then it could test 5350. Instead, if it fails to sustain above 5275, then it could test 5225.
Trading Strategy
Now the crucial level is 5275. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
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Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 and 5350 are crucial. If Nifty fails to sustain above 5350, then it is likely to test 5125 before moving towards 5600.
Intraday
Today, if Nifty sustains above 5275, then it could test 5350. Instead, if it fails to sustain above 5275, then it could test 5225.
Trading Strategy
Now the crucial level is 5275. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
Visit us at:
www.waveriders.in
Contact:
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Monday, February 11, 2008
TECHNICAL OUTLOOK, 11 FEB
Nifty 5120.35
Short term
In the short term, Nifty seems to have bottomed out and this view holds good as long as Nifty stays above 4800. Now the level, 5250 is crucial for the short term. If Nifty could sustain above this level, then it is likely to rally towards 5800-6000 level in coming weeks. Instead, if it fails to hold above 5250, then a last downside leg which has potential of testing 5000 could unfold.
In the downside the level 4800 is crucial for the short term. As long as it stays above 4800, the short term trend would remain bullish. If it fails to hold above 4800, then it is likely to retest the bottom 4400.
Extreme Short term
In the extreme short term, the level 5000 is crucial. If it holds above this level, then the trend is likely to turn bullish.
Intraday
Today, if Nifty sustains below 5100, then it could test 5000. Instead, if it moves above 5170, then it could test 5260.
Trading Strategy
Now the crucial level is 5100. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
Visit us at:
www.waveriders.in
Contact:
9381203517
asksathia@hotmail.com
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Monday, February 04, 2008
TECHNICAL OUTLOOK, 04 FEB
Nifty 5317.25
Short term
In the short term, Nifty seems to have bottomed out and this view holds good as long as Nifty stays above 4800. And in the upper side it could test 5425 initially and if it able to move above 5425, then it is likely to move towards 6000 in a short span of time. In the downside the level 4800 is crucial for the short term. As long as it stays above 4800, the short term trend would remain bullish. If it fails to hold above 4800, then it is likely to retest the bottom 4400.
Extreme Short term
In the extreme short term, the level 5425 and 5000 are crucial. If Nifty moves above 5425, then it is likely to rally further. If not, a decline to 5000 is likely.
Intraday
Today, if Nifty sustains above 5250, then it could test 5400. If it fails to sustain above 5250, then a sharp downside is likely.
Trading Strategy
Now the crucial level is 5250. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
Visit us at:
Contact:
9381203517
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