TECHNICAL OUTLOOK, 30 JUNE

DAILY NEWSLETTER


Nifty 4136.65


Short term

Nifty is likely to bottom out around 3950-4000 levels.


Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.

As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.




Extreme Short term

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



Intraday

Today, if Nifty trades below 4100 then it could test 3950-4000. Instead, if it trades above 4200, then it could test 4250.




Trading Strategy

Now the crucial level is 3950. Be short below this level and be long above this level.






Medium term outlook of Nifty dated on 25 June 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 3950.



Long term outlook of Nifty dated on 25 June 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 3950.



Visit us at:
www.waveriders.in

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

TECHNICAL OUTLOOK, 27 JUNE

DAILY NEWSLETTER


Nifty 4315.65


Short term

If Nifty fails to hold above 4200, then it is likely to bottom out at 3950-4000 levels. If it holds above 4200 for another two trading sessions then it is likely to bottom out around 4200.


Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.

As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.




Extreme Short term

In the extreme short term, the level 4200 and 4350 are crucial.



Intraday

Today, if Nifty trades below 4250, then it could test 4200. Instead, if it trades below 4350, then it could test 4400.




Trading Strategy

Now the crucial level is 4200. Be short below this level and be long above this level.







Medium term outlook of Nifty dated on 25 June 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 3950.




Long term outlook of Nifty dated on 25 June 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 3950.



Visit us at:
www.waveriders.in


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

TECHNICAL OUTLOOK, 26 JUNE

DAILY NEWSLETTER



Nifty 4252.65


Short term

Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.

As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.




Extreme Short term

In the extreme short term, the level 4190 and 4350 are crucial.



Intraday

Today, if Nifty trades above 4190, then it could test 4350. Instead, if it trades below 4190, then it could test 4000.




Trading Strategy

Now the crucial level is 4190. Be short below this level and be long above this level.






Medium term outlook of Nifty dated on 25 June 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 3950.



Long term outlook of Nifty dated on 25 June 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 3950.






Visit us at:
http://www.waveriders.in/


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

TECHNICAL OUTLOOK, 25 JUNE

DAILY NEWSLETTER



Nifty 4266.40


Short term

Nifty is likely to bottom out around 4000 levels. Any bounce back from current levels should move above 4350, to confirm the bottom.

As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.




Extreme Short term

In the extreme short term, the level 4000 and 4350 are crucial.



Intraday

Today, if Nifty trades above 4210, then it could test 4280. Instead, if it trades below 4210, then it could test 4100.




Trading Strategy

Now the crucial level is 4210. Be short below this level and be long above this level.






Medium term outlook of Nifty dated on 25 June 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 3950.



Long term outlook of Nifty dated on 25 June 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 3950.



Visit us at:
www.waveriders.in


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

TECHNICAL OUTLOOK, 24 JUNE

Nifty 4266.40

Short term

If yesterday’s low of 4226 is not violated, Nifty is likely to make a bottom at current levels. If not, it is likely to decline towards 4000.



Extreme Short term

In the extreme short term, the level 4226 is crucial.



Intraday

Today, if Nifty trades above 4290, then it could test 4420. Instead, if it trades below 4290, then it could test 4100.





Visit us at:
www.waveriders.in
www.sathiamoorthy.blogspot.com

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

TECHNICAL OUTLOOK, 23 JUNE

Nifty 4504.25

Short term

Nifty seems to be in the last downside leg with a targets up to 4250 and it is likely to be followed by a sharp rally towards 4950 in coming weeks. The medium term and long term bull trend of Nifty is still intact.



Extreme Short term

In the extreme short term, the levels 4450 and 4250 are crucial.



Intraday

Today, if Nifty trades above 4370, then it could test 4250. Instead, if it trades below 4370, then it could test 4420.




Trading Strategy

Now the crucial level is 4250. Be short below this level and be long above this level.



Medium term outlook of Nifty dated on 23 January 2008

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



Long term outlook of Nifty dated on 23 January 2008

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






Visit us at:
www.waveriders.in

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

TECHNICAL OUTLOOK, 16 JUNE

Nifty 4539.35

Short term
Nifty seems to have bottomed out at 4370 level. Nifty is likely to rally towards 4950 initially in coming trading sessions. If Nifty moves above 4540, and if it doesn’t come below this level, then the bottom would be confirmed.

Instead, the level 4370 is violated, then Nifty is likely to test 4000 in coming trading sessions.

Correction in the US, Asian, and European markets are likely to terminate at current levels and it would be followed by a sharp rally in coming weeks.



Extreme Short term
In the extreme short term, the level 4540 is crucial. As long as Nifty stays above this level, it is likely to test 4950 initially.


Intraday
Today, if Nifty trades above 4540 then it could test 4700.



Trading Strategy
Now the crucial level is 4540. Be short below this level and be long above this level.



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



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


Visit us at:
www.waveriders.in


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

TECHNICAL OUTLOOK, 9, JUNE

Nifty 4627.80


Short term
Nifty seems to have bottomed out at 4535 level or it is likely to bottom out in coming trading sessions above 4470 level and it is likely to be followed by a rally towards 4950 level initially.

Correction in the US markets is likely to terminate at current levels and it would be followed by a sharp rally in coming weeks.


Extreme Short term
In the extreme short term, the level 4570 is crucial. As long as Nifty stays above this level, it is likely to test 4950 initially.


Intraday
Today, if Nifty trades above 4570 then it could test 4740. Instead, if it trades below 4570, then it could test 4500.


Trading Strategy
Now the crucial level is 4570. Be short below this level and be long above this level.



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



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



Visit us at:
www.waveriders.in
www.sathiamoorthy.blogspot.com

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

TECHNICAL OUTLOOK, 2, JUNE

Nifty 4870.10

Short term
It seems that Nifty has bottomed out and it is likely to rally towards 5200 level in coming trading sessions and this view holds good as long as it stays above 4800.


Extreme Short term
In the extreme short term, the levels 4800 and 4880 are crucial.


Intraday
Today, if Nifty trades above 4880, then it is likely to test 4950. Instead, if it fails to move above 4880, then it could test 4800.


Trading Strategy
Now the crucial level is 4880. Be short below this level and be long above this level.



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



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



Visit us at:
www.waveriders.in

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