Friday, October 31, 2008

TECHNICAL OUTLOOK, 31 OCTOBER



Nifty (spot) 2697.05



Nifty Intraday trading levels

Today, if Nifty trades above 2750, then it could test 2800 and above 2800, it could test 2900. Instead, if it sustains below 2750, then it could test 2600 and below 2600, it could test 2550.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2750. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 and trade long above 2750 for a target of 2800 and above 2800, hold your longs till 2900.



Short term Technical View of Nifty


The level 2750 is crucial in the short term. If it fails to sustain above 2750, then a decline to 2200 levels is likely.

Instead, if Nifty moves above 2750, then it is likely to rally to 2950-3000.

As long as Nifty trades below 3050, the short term trend of Nifty would remain bearish with a downside target of 2000.


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 1220 is crucial for this scrip for the short term. If it sustains above 1220, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1220 in coming trading sessions, then it is likely to turn weak and it could decline towards 800 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1220. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1220 for a target of 1300. Initiate shorts if it fails to sustain above 1220 for a target of 800 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1175. If it fails to sustain above 1175, then it is likely to turn bearish and in the down side it could test 800 in coming trading session.

Instead, if it sustains above 1175, then the short term trend would turn bullish and in the upper side it is likely to move towards 1270.

Trading Strategy for SBI

For Intraday, the crucial level is 1120. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1175 for a target of 800. And initiate longs if it sustains above 1175 for a target of 1280.



ONGC (spot)

The level 700 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 760.

If it fails to sustain above 700, then the trend would turn bearish and in the downside it is likely to decline towards 500 initially.


Trading Strategy for ONGC

For intraday, the crucial level is 680. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 700 for a target of 500. Initiate longs if it sustains above 700 for a target of 760.





Bharti Airtel (spot)

The level 680 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 750.

Instead, if it fails to sustain above 680, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.



Trading Strategy for Bharti

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

Positional traders can initiate shorts if the scrip fails to sustain above 680 for a target of 500. Initiate longs if it sustains above 680 for a target of 750.




ICICI Bank (spot)

The crucial level for the scrip in the short term is 395. The trend would remain bearish for this scrip if it sustains below 395 and in the down side, it could test 280.

If the scrip sustains above 395, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.


Trading Strategy for ICICI Bank

For intraday, the crucial level is 360. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 395 is broken in the upside for a target of 450. Short if it fails to sustain above 395 for a target of 280.




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Wednesday, October 29, 2008

TECHNICAL OUTLOOK, 29 OCTOBER



Nifty (spot) 2684.75



Nifty Intraday trading levels

Today, if Nifty trades above 2700, then it could test 2750 and above 2750, it could test 2850. Instead, if it sustains below 2700, then it could test 2625 and below 2625, it could test 2500.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2750. Trade short below this level and trade long above this level till 2700.

Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 and trade long above 2750 for a target of 2850.



Short term Technical View of Nifty


The level 2750 is crucial in the short term. If it fails to sustain above 2750, then a decline to 2200 levels is likely.

Instead, if Nifty moves above 2750, then it is likely to rally to 3050.

As long as Nifty trades below 3050, the short term trend of Nifty would remain bearish with a downside target of 2000.


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 1200 is crucial for this scrip for the short term. If it sustains above 1200, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1200 in coming trading sessions, then it is likely to turn weak and it could decline towards 800 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1200. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1200 for a target of 1300. Initiate shorts if it fails to sustain above 1200 for a target of 800 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 800 in coming trading session.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1380.

Trading Strategy for SBI

For Intraday, the crucial level is 1165. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 800. And initiate longs if it sustains above 1200 for a target of 1380.



Satyam (spot)

The level 315 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 350.

If it fails to sustain above 305, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Satyam

For intraday, the crucial level is 305. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 305 for a target of 350. Initiate longs if it sustains above 305 for a target of 200.





Infosys (spot)

The level 1340 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 1400.

Instead, if it fails to sustain above 1340, the short term 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 1310. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1340 for a target of 1000. Initiate longs if it sustains above 1340 for a target of 1400.




TCS (spot)

The crucial level for the scrip in the short term is 600. The trend would remain bearish for this scrip if it sustains below 600 and in the down side, it could test 400.

If the scrip sustains above 600, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 700.


Trading Strategy for TCS

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

Positional traders can initiate longs if the level 600 is broken in the upside for a target of 700. Short if it fails to sustain above 600 for a target of 400.




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Monday, October 27, 2008

TECHNICAL OUTLOOK, 27 OCTOBER



Nifty (spot) 2584.00



Nifty Intraday trading levels

Today, if Nifty trades below 2585, then it could test 2450 and below 2450, it could test 2350. Instead, if it sustains above 2585, then it could test 2700.

Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2585. Trade short below this level and trade long above this level till 2700.

Positional traders can initiate shorts if it fails to sustain above 2585 for a target of 2350 and trade long above 2585 for a target of 2700.



Short term Technical View of Nifty


The level 2750 is crucial in the short term. If it fails to sustain above 2750, then a decline to 2200 levels is likely.

Instead, if Nifty moves above 2750, then it is likely to rally to 3050.


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 1200 is crucial for this scrip for the short term. If it sustains above 1200, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1200 in coming trading sessions, then it is likely to turn weak and it could decline towards 800 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1040. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1200 for a target of 1300. Initiate shorts if it fails to sustain above 1200 for a target of 800 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1250. If it fails to sustain above 1250, then it is likely to turn bearish and in the down side it could test 800 in coming trading session.

Instead, if it sustains above 1250, then the short term trend would turn bullish and in the upper side it is likely to move towards 1380.

Trading Strategy for SBI

For Intraday, the crucial level is 1150. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 125 for a target of 900. And initiate longs if it sustains above 1250 for a target of 1380.



DLF (spot)

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 200.

If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 150 initially.


Trading Strategy for DLF

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

Positional traders can initiate shorts if it fails to sustain above 230 for a target of 150. Initiate longs if it sustains above 230 for a target of 250 and then 300.





Infosys (spot)

The level 1190 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 1300.

Instead, if it fails to sustain above 1190, the short term 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 1190. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1190 for a target of 1000. Initiate longs if it sustains above 1190 for a target of 1300.




IFCI (spot)

The crucial level for the scrip in the short term is 23. The trend would remain bearish for this scrip if it sustains below 23 and in the down side, it could test 10.

If the scrip sustains above 23, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 30.

Trading Strategy for IFCI

For intraday, the crucial level is 20.50. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 20 .50 is broken in the upside. Short if it fails to sustain above 20.50 for a target of 10.




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Friday, October 24, 2008

TECHNICAL OUTLOOK, 24 OCTOBER



Nifty (spot) 2943.15



Nifty Intraday trading levels

Today, if Nifty trades below 3000, then it could test 2900 and below 2900, it could test 2780. Instead, if it sustains above 3000, then it could test 3050.

Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2900. Trade short below this level and trade long above this level till 3320.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2750 and trade long above 3050 for a target of 3250.



Short term Technical View of Nifty


The level 3150 is crucial in the short term. If it fails to sustain above 3150, then a decline to 2600 levels is likely.

Instead, if Nifty moves above 3150, then it is likely to rally to 3350.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1250 is crucial for this scrip for the short term. If it sustains above 1250, then it is likely to rally towards 1350.

Instead, if it fails to sustain above 1250 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 1250. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1250 for a target of 1350. Initiate shorts if it fails to sustain above 1250 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1390. If it fails to sustain above 1390, then it is likely to turn bearish and in the down side it could test 1250 in coming trading session and below 1250 the scrip is likely to test 1100.

Instead, if it sustains above 1390, then the short term trend would turn bullish and in the upper side it is likely to move towards 1450.

Trading Strategy for SBI

For Intraday, the crucial level is 1355. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1390 for a target of 1100. And initiate longs if it sustains above 1390 for a target of 1450.



Rcom (spot)

The level 230 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 280.

If it fails to sustain above 230, then the 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 230. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 230 for a target of 180. Initiate longs if it sustains above 230 for a target of 280.





Infosys (spot)

The level 1340 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 1400.

Instead, if it fails to sustain above 1340, the short term trend would turn bearish and in the downside it is likely to decline towards 1100 initially.



Trading Strategy for Infosys

For intraday, the crucial level is 1300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1340 for a target of 1100. Initiate longs if it moves above 1340 for a target of 1400.




Maruti (spot)

The crucial level for the scrip in the short term is 630. The trend would remain bearish for this scrip if it sustains below 630 and in the down side, it could test 500.

If the scrip sustains above 630, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 700.

Trading Strategy for Maruti

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

Positional traders can initiate longs if the level 630 is broken in the upside. Short if it fails to sustain above 630 for a target of 500.




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Thursday, October 23, 2008

TECHNICAL OUTLOOK, 23 OCTOBER



Nifty (spot) 3065.15

Nifty Intraday trading levels

Today, if Nifty trades below 3050, then it could test 2950 and below 2950, it could test 2850. Instead, if it sustains above 2950, then it could test 3000.

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 2800 and trade long above 3100 for a target of 3260.

Short term Technical View of Nifty

The level 3250 is crucial in the short term. If it fails to sustain above 3250, then a decline to 2600 levels is likely.Instead, if Nifty moves above 3250, then it is likely to rally to 3500.



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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.


Long term outlook of Nifty dated on 13 October 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 2200.

Short term trading calls of stocks for spot market

Reliance (spot)

The level 1280 is crucial for this scrip for the short term. If it sustains above 1280, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1280 in coming trading sessions, then it is likely to turn bearish 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 1330 for a target of 1400. Initiate shorts if it fails to sustain above 1280 for a target of 1100 initially.


SBI (spot)

The crucial level for the short term for this scrip is 1370. If it fails to sustain above 1370, then it is likely to turn bearish and in the down side it could test 1200 in coming trading session.

Instead, if it sustains above 1370, then the short term trend would turn bullish and in the upper side it is likely to move towards 1450.

Trading Strategy for SBI

For Intraday, the crucial level is 1370. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1370 for a target of 1200. And initiate longs if it sustains above 1370 for a target of 1450.

Acc

The level 445 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 445, then the trend would turn bearish and in the downside it is likely to decline towards 300 initially.

Trading Strategy for Acc

For intraday, the crucial level is 445. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 445 for a target of 350. Initiate longs if it sustains above 445 for a target of 500.


Infosys (spot)

The level 1320 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 1400.

Instead, if it fails to sustain above 1320, the short term trend would turn bearish and in the downside it is likely to decline towards 1000 initally.

Trading Strategy for Infosys

For intraday, the crucial level is 1320. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1320 for a target of 1100. Initiate longs if it moves above 1320 for a target of 1400.

Satyam (spot)

The crucial level for the scrip in the short term is 330. The trend would remain bearish for this scrip if it sustains below 330 and in the down side, it could test 200.

If the scrip sustains above 330, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 390.

Trading Strategy for Satyam

For intraday, the crucial level is 315. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 330 is broken in the upside. Short if it fails to sustain above 330 for a target of 250.


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Wednesday, October 22, 2008

TECHNICAL OUTLOOK, 22 OCTOBER



Nifty (spot) 3234.90



Nifty Intraday trading levels

Today, if Nifty trades below 3260, then it could test 3150 and below 3150, it could test 3050. Instead, if it sustains above 3260, then it could test 3320.

Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3260. Trade short below this level and trade long above this level till 3320.

Positional traders can initiate shorts if it fails to sustain above 3260 for a target of 3000 and trade long above 3260 for a target of 3320.



Short term Technical View of Nifty


The level 3350 is crucial in the short term. If it fails to sustain above 3350, then a decline to 2600 levels is likely.

Instead, if Nifty moves above 3350, then it is likely to rally to 3500.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1440 is crucial for this scrip for the short term. If it sustains above 1440, then it is likely to rally towards 1510.

Instead, if it fails to sustain above 1440 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1200 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1440. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1440 for a target of 1510. Initiate shorts if it fails to sustain above 1440 for a target of 1200 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1510. If it fails to sustain above 1510, then it is likely to turn bearish and in the down side it could test 1200 in coming trading session.

Instead, if it sustains above 1510, then the short term trend would turn bullish and in the upper side it is likely to move towards 1560.

Trading Strategy for SBI

For Intraday, the crucial level is 1460. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1510 for a target of 1200. And initiate longs if it sustains above 1510 for a target of 1560.



Reliance capital (spot)

The level 700 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 800.

If it fails to sustain above 700, then the trend would turn bearish and in the downside it is likely to decline towards 600 initially.


Trading Strategy for Reliance capital

For intraday, the crucial level is 700. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 700 for a target of 600. Initiate longs if it sustains above 700 for a target of 800.





Infosys (spot)

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 1500.

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 1200 initally.



Trading Strategy for Infosys

For intraday, the crucial level is 1350. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1410 for a target of 1200. Initiate longs if it moves above 1400 for a target of 1500.




Tcs (spot)

The crucial level for the scrip in the short term is 580. The trend would remain bearish for this scrip if it sustains below 580 and in the down side, it could test 500 and below 500, it could test 450.

If the scrip sustains above 580, 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 Tcs

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

Positional traders can initiate longs if the level 580 is broken in the upside. Short if it fails to sustain above 580 for a target of 500.




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Tuesday, October 21, 2008

TECHNICAL OUTLOOK, 20 OCTOBER



Nifty (spot) 3122.80



Nifty Intraday trading levels

Today, if Nifty trades below 3180, then it could test 3050 and below 3050, it could test 2950. Instead, if it sustains above 3180, then it could test 3250.

Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3180. Trade short below this level and trade long above this level till 3250.

Positional traders can initiate shorts if it fails to sustain above 3250 for a target of 2800 and trade long above 3250 for a target of 3350.



Short term Technical View of Nifty


The level 3350 is crucial in the short term. If it fails to sustain above 3350, then a decline to 2600 levels is likely.

Instead, if Nifty moves above 3350, then it is likely to rally to 3500.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1380 is crucial for this scrip for the short term. If it sustains above 1380, then it is likely to rally towards 1440.

Instead, if it fails to sustain above 1440 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1200 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1340. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1380 for a target of 1440. Initiate shorts if it fails to sustain above 1380 for a target of 1200 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1480. If it fails to sustain above 1480, then it is likely to turn bearish and in the down side it could test 1200 in coming trading session.

Instead, if it sustains above 1480, then the short term trend would turn bullish and in the upper side it is likely to move towards 1550.

Trading Strategy for SBI

For Intraday, the crucial level is 1480. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1480 for a target of 1200. And initiate longs if it sustains above 1480 for a target of 1550.



RCom (spot)

The level 255 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 300.

If it fails to sustain above 255, then the 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 245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 150. Initiate longs if it sustains above 255 for a target of 300.





Infosys (spot)

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 1450.

Instead, if it fails to sustain above 1350, the short term trend would turn bearish and in the downside it is likely to decline towards 1000 initally.



Trading Strategy for Infosys

For intraday, the crucial level is 1320. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1350 for a target of 1000. Initiate longs if it moves above 1350 for a target of 1450.




Satyam (spot)

The crucial level for the scrip in the short term is 300. The trend would remain bearish for this scrip if it sustains below 300 and in the down side, it could test 200 initially.

If the scrip sustains above 300, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 370.

Trading Strategy for Satyam

For intraday, the crucial level is 300. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 300 is broken in the upside. Short if it fails to sustain above 300 for a target of 200.




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Monday, October 20, 2008

TECHNICAL OUTLOOK, 20 OCTOBER



Nifty (spot) 3074.35



Nifty Intraday trading levels

Today, if Nifty trades below 3100, then it could test 3000 and below 3000, it could test 2800. Instead, if it sustains above 3100, then it could test 3200.

Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3100. Trade short below this level and trade long above this level till 3200.

Positional traders can initiate shorts if it fails to sustain above 3100 for a target of 2800 and trade long above 3100 for a target of 3200.



Short term Technical View of Nifty


The level 3350 is crucial in the short term. If it fails to sustain above 3350, then a decline to 2600 levels is likely.

Instead, if Nifty moves above 3350, then it is likely to rally to 3500.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1330 is crucial for this scrip for the short term. If it sustains above 1330, then it is likely to rally towards 1380.

Instead, if it fails to sustain above 1330 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1000.

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 1330 for a target of 1380. Initiate shorts if it fails to sustain above 1330 for a target of 1000.



SBI (spot)

The crucial level for the short term for this scrip is 1450. If it fails to sustain above 1450, then it is likely to turn bearish and in the down side it could test 1200 in coming trading session.

Instead, if it sustains above 1450, then the short term trend would turn bullish and in the upper side it is likely to move towards 1550.

Trading Strategy for SBI

For Intraday, the crucial level is 1420. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1450 for a target of 1200. And initiate longs if it sustains above 1450 for a target of 1550.



Reliance Capital (spot)

The level 610 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 700.

If it fails to sustain above 610, then the trend would turn bearish and in the downside it is likely to decline towards 450 initially.


Trading Strategy for Reliance Capital

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

Positional traders can initiate shorts if it fails to sustain above 610 for a target of 450. Initiate longs if it sustains above 610 for a target of 700.





Infosys (spot)

The level 1250 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 1350.

Instead, if it fails to sustain above 1350, the short term trend would turn bearish and in the downside it is likely to decline towards 1000 initally.



Trading Strategy for Infosys

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

Positional traders can initiate shorts if the scrip fails to sustain above 1250 for a target of 1000. Initiate longs if it moves above 1250 for a target of 1350.




Rpl (spot)

The crucial level for the scrip in the short term is 107. The trend would remain bearish for this scrip if it sustains below 107 and in the down side, it could test 80 initially.

If the scrip sustains above 107, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 117.

Trading Strategy for Rpl

For intraday, the crucial level is 107. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 107 is broken in the upside. Short if it fails to sustain above 107 for a target of 80.




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Friday, October 17, 2008

TECHNICAL OUTLOOK, 17 OCTOBER



Nifty (spot) 3269.30



Nifty Intraday trading levels

Today, if Nifty trades above 3350, then it could test 3400. Instead, if it fails to sustain above 3350, then it could test 3200 and below 3200, it could test 3100.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3350. Trade short below this level and trade long above this level till 3400.

Positional traders can initiate shorts if it fails to sustain above 3350 for a target of 3000 and trade long above 3400 for a target of 3450.



Short term Technical View of Nifty


The level 3500 is crucial in the short term. If it fails to sustain above 3500, then a decline to 3000 levels is likely.

Instead, if Nifty moves above 3500, then it is likely to rally from these levels to 3800 initially.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance

The level 1500 is crucial for this scrip for the short term. If it sustains above 1500, then it is likely to rally towards 1650 initially.

Instead, if it fails to sustain above 1500 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1200.

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 1500 for a target of 1650. Initiate shorts if it fails to sustain above 1500 for a target of 1200 initially.



SBI

The crucial level for the short term for this scrip is 1575. If it fails to sustain above 1575, then it is likely to turn bearish and in the down side it could test 1200 in coming trading session.

Instead, if it sustains above 1575, then the short term trend would turn bullish and in the upper side it is likely to move towards 1640 and further upmove is possible only if it moves above 1640.

Trading Strategy for SBI

For Intraday, the crucial level is 1575. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1575 for a target of 1200. And initiate longs if it sustains above 1575 for a target of 1640.



Acc

The level 560 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 560, then the trend would turn bearish and in the downside it is likely to decline towards 450 initially.


Trading Strategy for Acc

For intraday, the crucial level is 541. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 560 for a target of 450. Initiate longs if it sustains above 560 for a target of 600.





Infosys

The level 1325 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 1400.

Instead, if it fails to sustain above 1325, the short term trend would turn bearish and in the downside it is likely to decline towards 1000 initally.



Trading Strategy for Infosys

For intraday, the crucial level is 1270. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1325 for a target of 1000. Initiate longs if it moves above 1325 for a target of 1400.




M&M

The crucial level for the scrip in the short term is 485. The trend would remain bearish for this scrip if it sustains below 485 and in the down side, it could test 380 initially.

If the scrip sustains above 485 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 530.

Trading Strategy for M&M

For intraday, the crucial level is 457. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 485 is broken in the upside. Short if it fails to sustain above 485 for a target of 380.




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Thursday, October 16, 2008

TECHNICAL OUTLOOK, 16 OCTOBER



Nifty (spot) 3338.40



Nifty Intraday trading levels

Today, if Nifty trades below 3200, then it could test 3100. Instead, if it sustains above 3200, then it could test 3300.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3200. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3300 for a target of 3000 and trade long above 3350 for a target of 3450.



Short term Technical View of Nifty


The level 3500 is crucial in the short term. If it fails to sustain above 3800, then a decline to 3000 levels is likely.

Instead, if Nifty moves above 3500, then it is likely to rally from these levels to 3800 initially.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance

The level 1550 is crucial for this scrip for the short term. If it sustains above 1550, then it is likely to rally towards 1650 initially.

Instead, if it fails to sustain above 1550 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1400 and below 1400, it has potential of declining towards 1200.

Trading Strategy for Reliance

For intraday, the crucial level is 1510. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1550 for a target of 1650. Initiate shorts if it fails to sustain above 1550 for a target of 1400 initially and then 1200.



SBI

The crucial level for the short term for this scrip is 1410. If it fails to sustain above 1410, then it is likely to turn bearish and in the down side it could test 1200 in coming trading session.

Instead, if it sustains above 1410, then the short term trend would turn bullish and in the upper side it is likely to move towards 1500.

Trading Strategy for SBI

For Intraday, the crucial level is 1450. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1410 for a target of 1200. And initiate longs if it sustains above 1410.



Rcom

The level 230 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 300.

If it fails to sustain above 230, then the 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 230. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 230 for a target of 150. Initiate longs if it sustains above 230 for a target of 300.





Reliance Capital

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 850.

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 500.



Trading Strategy for Reliance Capital

For intraday, the crucial level is 700. 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 500. Initiate longs if it fails to move below 700 for a target of 850.




Bharti Tele

The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 500.

If the scrip sustains above 690 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 760 initially.

Trading Strategy for Bharti Tele

For intraday, the crucial level is 690. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 690 is held. Short if it fails to sustain above 690 for a target of 500.




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Wednesday, October 15, 2008

TECHNICAL OUTLOOK, 15 OCTOBER




Nifty (spot) 3518.65



Nifty Intraday trading levels

Today, if Nifty trades below 3480, then it could test 3400 and below 3400, it could test 3300. Instead, if it fails to trade below 3480, then it could test 3570.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3480. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3480 for a target of 3200. Trade long above 3580 for a target of 3700.



Short term Technical View of Nifty


The level 3800 is crucial in the short term. If it fails to sustain above 3800, then a decline to 3000 levels is likely.

Instead, if Nifty moves above 3800, then it is likely to rally from these levels to 4200 initially.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance

The level 1660 is crucial for this scrip for the short term. If it sustains above 1660, then it is likely to rally towards 1750 initially.

Instead, if it fails to sustain above 1660 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1400 and below 1400, it has potential of declining towards 1200.

Trading Strategy for Reliance

For intraday, the crucial level is 1600. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1660 for a target of 1750. Initiate shorts if it fails to sustain above 1660 for a target of 1400 initially and then 1200.



SBI

The crucial levels for the short term for this scrip are 1570 and 1400. If it fails to sustain above 1570, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions and below this level it could test 1200.

Instead, if it sustains above 1570, then the short term trend would turn bullish and in the upper side it is likely to move towards 1800.

Trading Strategy for SBI

For Intraday, the crucial level is 1525. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to move above 1570 for a target of 1400. And initiate longs if it sustains above 1570.



Acc

The level 570 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 570, then the trend would turn bearish and in the downside it is likely to decline towards 450 initially.


Trading Strategy for Acc

For intraday, the crucial level is 545. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to move above 570 for a target of 450. Initiate longs if it sustains above 570 for a target of 650.





Infosys

The level 1390 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 sustain above 1390, the short term trend would turn bearish and in the downside it is likely to decline towards 1000 and a move below 1200 would confirm it.



Trading Strategy for Infosys

For intraday, the crucial level is 1410. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1390 for a target of 1000. Initiate longs if it moves above 1390 for a target of 1600.




RPL

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 100.

If the scrip moves above 127 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 140 initially.

Trading Strategy for RPL

For intraday, the crucial level is 123. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 127 is violated in the upside. Short if it fails to sustain above 127 for a target of 100.




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Tuesday, October 14, 2008

TECHNICAL OUTLOOK, 14 OCTOBER



Nifty (spot) 3490.70



Nifty Intraday trading levels

Today, if Nifty trades above 3500, then it could test 3620 and above 3620, it could test 3700. Instead, if it fails to trade above 3620, then it could test 3500.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3620. Trade short below this level and trade long above this level.

Positional traders can initiate longs if it sustains above 3620 for a target of 3800. Trade short below 3620 for a target of 3400.



Short term Technical View of Nifty


The level 3800 is crucial in the short term. If it fails to sustain above 3800, then a decline to 3000 levels is likely.

Instead, if Nifty moves above 3800, then it is likely to rally from these levels to 4200 initially.


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 3800. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance

The level 1580 is crucial for this scrip for the short term. If it sustains above 1580, then it is likely to rally towards 1660 initially.

Instead, if it fails to sustain above 1580 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1400 and below 1400, it has potential of declining towards 1200.

Trading Strategy for Reliance

For intraday, the crucial level is 1620. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1580 for a target of 1660. Initiate shorts if it fails to sustain above 1580 for a target of 1400. Or initiate shorts around 1660, in case if it moves to this region.



SBI

The crucial levels for the short term for this scrip are 1640. If it fails to sustain above 1640, then it is likely to turn bearish and in the down side it could test 1200 in coming trading sessions.

Instead, if it sustains above 1640, then the short term trend would turn bullish and in the upper side it is likely to move towards 1800.

Trading Strategy for SBI

For Intraday, the crucial level is 1540. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to move above 1640. And initiate shorts if it sustains below 1640.



Rcom

The level 320 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 380.

If it fails to sustain above 320, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom

For intraday, the crucial level is 280. Trade long above this level till 310 and be short below this level.

Positional traders can initiate shorts if it fails to move above 320 for a target of 200. Initiate longs if it sustains above 320 for a target of 380.





Infosys

The level 1390 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 1390, the short term trend would turn bearish and in the downside it is likely to decline towards 1000 and a move below 1200 would confirm it.



Trading Strategy for Infosys

For intraday, the crucial level is 1340. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1390 for a target of 1000. Initiate longs if it moves above 1390 for a target of 1600.




Reliance Capital

The crucial level for the scrip in the short term is 900. The trend would remain bearish for this scrip if it sustains below 900 and in the down side, it could test 600.

If the level 900 is 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 1100 initially.

Trading Strategy for Reliance Capital

For intraday, the crucial level is 815. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 900 is violated in the upside. Short if it fails to sustain above 900 for a target of 600.




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Monday, October 13, 2008

TECHNICAL OUTLOOK, 13 OCTOBER



Nifty (spot) 3279.95



Nifty Intraday trading levels

Today, if Nifty trades below 3325, then it could test 3200 and below 3200 it could test 3100. Instead, if it trades above 3325, then it could test 3400.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3325. Trade short below this level and trade long above this level.

Positional traders can initiate longs if it sustains above 3500 for a target of 3800. Trade short below 3500 for a target of 3000.



Short term Technical View of Nifty


The level 3500-3550 is crucial in the short term.If it fails to sustain above 3500-3550, then a decline to 3000 levels is likely.

Instead, if Nifty moves above this level, then it is likely to rally from these levels to 3800 initially.


Medium term outlook of Nifty dated on 13 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3500-3550. Nifty is likely to bottom out in the medium term at 2550 levels or 2200 levels in coming months.





Long term outlook of Nifty dated on 13 October 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 2200.







Short term trading calls of Stocks for spot market



Reliance

The level 1580 is crucial for this scrip for the short term. If it sustains above 1580, then it is likely to rally towards 1660 initially.

Instead, if it fails to sustain above 1580 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1400 and below 1400, it has potential of declining towards 1200.

Trading Strategy for Reliance

For intraday, the crucial levels are 1500 and 1580. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1580 for a target of 1660. Initiate shorts if it fails to sustain above 1580 for a target of 1400.



SBI

The crucial levels for the short term for this scrip are 1250 and 1400. If it fails to sustain above 1400, then it is likely to turn bearish and in the down side it could test 1000 in coming trading sessions.

Instead, if it fails to sustain above 1400, then the short term trend would turn bullish and in the upper side it is likely to move towards 1600.

Trading Strategy for SBI

For Intraday, the crucial level is 1400. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 1250. And initiate shorts if it sustains below 1400.



Satyam

The level 280 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 350.

If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Satyam

For intraday, the crucial level is 265. Trade long above this level and be short below this level.

Positional traders can initiate longs if it fails to move below 200. Initiate shorts if it fails to sustain above 280 for a target of 200.





Infosys

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 1000 and a move below 1200 would confirm it.



Trading Strategy for Infosys

For intraday, the crucial level is 1300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1350 for a target of 1000. Initiate longs if it fails to move below 1200 for a target of 1350.




Tata Motors

The crucial level for the scrip in the short term is 360. The trend would remain bearish for this scrip if it sustains below 360 and in the down side, it could test 200.

If the level 360 is 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 450 initially.

Trading Strategy for Tata Motors

For intraday, the crucial level is 310. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 360 is violated in the upside. Short if it fails to sustain above 360 for a target of 200.




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Friday, October 10, 2008

TECHNICAL OUTLOOK, 10 OCTOBER



Nifty (spot) 3513.65



Nifty Intraday trading levels

Today, if Nifty trades below 3450, then it could test 3300. Instead, if it trades above 3450, then it could test 3600.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3450. Trade short below this level and trade long above this level.

Positional traders can initiate longs if it sustains above 3450 for a target of 3800. Trade short below 3450 for a target of 3200.



Short term Technical View of Nifty

The level 3500-3550 is crucial for the short term. If Nifty moves above this level, then it is likely to rally from these levels to 3800 initially.

Instead, if it fails to sustain above 3500-3550, then a decline to 3200 levels is likely and a move below 3450 would confirm the downside target.



Medium term outlook of Nifty dated on 10 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3500-3550 and in the downside it has potential of testing 3000 initially.





Long term outlook of Nifty dated on 10 October 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 2700.





Short term trading calls of Stocks for spot market



Reliance

The level 1700 is crucial for this scrip for the short term. If it sustains above 1700, then it is likely to rally towards 1900 initially.

Instead, if it fails to sustain above 1700 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1400.

Trading Strategy for Reliance

For intraday, the crucial level is 1635. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it moves above 1700 for a target of 1900. Initiate shorts if it fails to sustain above 1700 for a target of 1400.



Abb

The crucial level for the short term for this scrip is 650. If it sustains above 650, then it is likely to turn bullish and in the upper side it could test 800 in coming trading sessions.

Instead, if it fails to sustain above 650, then the short term trend would turn bearish and in the downside it is likely to decline towards 500.

Trading Strategy for Abb

For Intraday, the crucial level is 650. Trade long above this level and trade short below this level.

Positional traders can initiate longs if it fails to move below 650. And initiate shorts if it sustains below 650.



Acc

The level 545 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 640.

If it fails to sustain above 545, then the trend would turn bearish and in the downside it is likely to decline towards 460.


Trading Strategy for Acc

For intraday, the crucial level is 560. Trade long above this level and be short below this level.

Positional traders can initiate longs if it fails to move below 545. Initiate shorts if it fails to sustain above 545 for a target of 460.





Tata Steel

The level 300 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 400.

Instead, if it fails to trade above 300, the short term trend would turn bearish and in the downside it is likely to decline towards 240.



Trading Strategy for Tata Steel

For intraday, the crucial level is 330. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 300. Initiate longs if it fails to move below 300.




Tata Motors

The crucial level for the scrip in the short term is 300. The trend would remain bearish for this scrip if it sustains below 300 and in the down side, it could test 250.

If the level 300 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 430 initially.

Trading Strategy for Tata Motors

For intraday, the crucial level is 300. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 300 is held in coming trading sessions. Short if it fails to sustain above 300 for a target of 250.




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