TECHNICAL OUTLOOK, 26 NOVEMBER

D Sathia Moorthy



Nifty (spot) 2654.00



Nifty Intraday trading levels

Today, if Nifty trades below 2600, then it could test 2520 and below this level, it could test 2450. Instead, if it sustains above 2600, then it could test 2700.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2600. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2700 for a target of 2200 and trade long above 2700 for a target of 2800.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 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.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1130 is crucial for this scrip for the short term. If it sustains above 1130, then it is likely to rally towards 1220.

Instead, if it fails to sustain above 1130 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 1040. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1130 for a target of 1220. Initiate shorts if it fails to sustain above 1130 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1120. If it fails to sustain above 1120, 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 1120, then the short term trend would turn bullish and in the upper side it is likely to move towards 1240.


Trading Strategy for SBI

For Intraday, the crucial level is 1060. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1120 for a target of 900. And initiate longs if it sustains above 1120 for a target of 1240.



Infosys (spot)

The level 1250 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 1310.

If it fails to sustain above 1250, 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 1170. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1310.





Tata Steel (spot)

The level 165 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 185.

Instead, if it fails to sustain above 165, the short term trend would turn bearish and in the downside it is likely to decline towards 125 initially.



Trading Strategy for Tata Steel

For intraday, the crucial level is 150. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 165 for a target of 125. Initiate longs if it sustains above 165 for a target of 185.




Icici Bank (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 250 initially.

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 370.


Trading Strategy for Icici Bank

For intraday, the crucial level is 330. 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 for a target of 370. Short if it fails to sustain above 330 for a target of 250.



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TTECHNICAL OUTLOOK, 25 NOVEMBER

D Sathia Moorthy


Nifty (spot) 2708.25



Nifty Intraday trading levels

Today, if Nifty trades above 2770, then it could test 2850. Instead, if it fails to sustain above 2770, then it could test 2680 and below this level it could test 2590.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2770. 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 2200 and trade long above 2850 for a target of 3050.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 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.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1180 is crucial for this scrip for the short term. If it sustains above 1180, then it is likely to rally towards 1250.

Instead, if it fails to sustain above 1180 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 1120. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1250. Initiate shorts if it fails to sustain above 1180 for a target of 900 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 900 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 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1170. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 900. And initiate longs if it sustains above 1250 for a target of 1350.



Infosys (spot)

The level 1250 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 1310.

If it fails to sustain above 1250, 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 1220. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1310.





Maruti (spot)

The level 560 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 600.

Instead, if it fails to sustain above 560, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Maruti

For intraday, the crucial level is 515. Trade long above this level and be short below this level.

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




Reliance capital (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 350 initially.

If the scrip sustains above 450, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 500.


Trading Strategy for Reliance capital

For intraday, the crucial level is 450. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 500 is broken in the upside for a target of 570. Short if it fails to sustain above 450 for a target of 350.


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TECHNICAL OUTLOOK, 24 NOVEMBER

D Sathia Moorthy


Nifty (spot) 2693.45



Nifty Intraday trading levels

Today, if Nifty trades below 2770, then it could test 2850. Instead, if it fails to sustain above 2770, then it could test 2660 and below this level it could test 2590.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2660. 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 2200 and trade long above 2850 for a target of 3050.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 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.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1180 is crucial for this scrip for the short term. If it sustains above 1180, then it is likely to rally towards 1250.

Instead, if it fails to sustain above 1180 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 1180. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1250. Initiate shorts if it fails to sustain above 1180 for a target of 900 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 900 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 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 1250 for a target of 900. And initiate longs if it sustains above 1250 for a target of 1350.



Infosys (spot)

The level 1250 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 1310.

If it fails to sustain above 1250, 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 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1310.





Satyam Computers (spot)

The level 270 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 310.

Instead, if it fails to sustain above 270, the short term trend would turn bearish and in the downside it is likely to decline towards 180 initially.



Trading Strategy for Satyam

For intraday, the crucial level is 250. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 270 for a target of 180. Initiate longs if it sustains above 270 for a target of 310.




Rcom (spot)

The crucial level for the scrip in the short term is 225. The trend would remain bearish for this scrip if it sustains below 225 and in the down side, it could test 150 initially.

If the scrip sustains above 225, 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 195. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 225 is broken in the upside for a target of 260. Short if it fails to sustain above 225 for a target of 150.




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TECHNICAL OUTLOOK, 21 NOVEMBER

D Sathia Moorthy


Nifty (spot) 2553.15



Nifty Intraday trading levels

Today, if Nifty trades below 2500, then it could test 2400 and below this level, it could test 2300. Instead, if it sustains above 2600, then it could test 2670.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2510. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2600 for a target of 2200 and trade long above 2600 for a target of 2670.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 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.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 Infra (spot)

The level 450 is crucial for this scrip for the short term. If it sustains above 450, then it is likely to rally towards 525.

Instead, if it fails to sustain above 450 in coming trading sessions, then it is likely to turn weak and it could decline towards 300 initially.


Trading Strategy for Reliance infra

For intraday, the crucial level is 432. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 450 for a target of 525. Initiate shorts if it fails to sustain above 450 for a target of 300 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1150. If it fails to sustain above 1150, 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 1150, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1070. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1150 for a target of 900. And initiate longs if it sustains above 1150 for a target of 1200.



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 1260.

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 1260.





Rpl (spot)

The level 75 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 85.

Instead, if it fails to sustain above 75, the short term trend would turn bearish and in the downside it is likely to decline towards 40 initially.



Trading Strategy for Rpl

For intraday, the crucial level is 70. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 75 for a target of 40. Initiate longs if it sustains above 75 for a target of 85.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 300 initially.

If the scrip sustains above 450, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 500.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 435. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 450 is broken in the upside for a target of 500. Short if it fails to sustain above 450 for a target of 300.




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TECHNICAL OUTLOOK, 20 NOVEMBER

D Sathia Moorthy


Nifty (spot) 2635.00



Nifty Intraday trading levels

Today, if Nifty trades below 2675, then it could test 2500 and below this level, it could test 2400. Instead, if it sustains above 2675, then it could test 2770.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2620. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2675 for a target of 2400 and trade long above 2675 for a target of 2770.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2200 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 1160 is crucial for this scrip for the short term. If it sustains above 1160, then it is likely to rally towards 1250.

Instead, if it fails to sustain above 1160 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 1160. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1160 for a target of 1250. Initiate shorts if it fails to sustain above 1160 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1100. If it fails to sustain above 1100, 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 1100, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1100. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1100 for a target of 900. And initiate longs if it sustains above 1100 for a target of 1200.



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 1260.

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 1180. 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 1260.





Satyam Computers (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 Satyam

For intraday, the crucial level is 230. 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.




BHEL (spot)

The crucial level for the scrip in the short term is 1275. The trend would remain bearish for this scrip if it sustains below 1275 and in the down side, it could test 1000 initially.

If the scrip sustains above 1275, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1400.


Trading Strategy for BHEL

For intraday, the crucial level is 1275. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1275 is broken in the upside for a target of 1400. Short if it fails to sustain above 1275 for a target of 1000.




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TECHNICAL OUTLOOK, 19 NOVEMBER

D Sathia Moorthy


Nifty (spot) 2683.15



Nifty Intraday trading levels

Today, if Nifty trades below 2710, then it could test 2650 and below this level, it could test 2500. Instead, if it sustains above 2710, then it could test 2770.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2710. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2770 for a target of 2500 and trade long above 2770 for a target of 2900.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2500 initially.

The present rally from the low of 2250 seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 1180 is crucial for this scrip for the short term. If it sustains above 1180, then it is likely to rally towards 1250.

Instead, if it fails to sustain above 1180 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 1155. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1250. Initiate shorts if it fails to sustain above 1180 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1220.


Trading Strategy for SBI

For Intraday, the crucial level is 1100. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 1000. And initiate longs if it sustains above 1140 for a target of 1220.



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 1260.

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 1170. 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 1260.





Bank of Baroda (spot)

The level 280 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 310.

Instead, if it fails to sustain above 280, the short term trend would turn bearish and in the downside it is likely to decline towards 200 initially.



Trading Strategy for Bank of Baroda

For intraday, the crucial level is 268. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 310.




Gail (spot)

The crucial level for the scrip in the short term is 210. The trend would remain bearish for this scrip if it sustains below 210 and in the down side, it could test 150 initially.

If the scrip sustains above 210, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 240.


Trading Strategy for Gail

For intraday, the crucial level is 195. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 210 is broken in the upside for a target of 240. Short if it fails to sustain above 210 for a target of 150.




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TECHNICAL OUTLOOK, 18 NOVEMBER

D Sathia Moorthy


Nifty (spot) 2799.55



Nifty Intraday trading levels

Today, if Nifty trades below 2770, then it could test 2680 and below this level, it could test 2620. Instead, if it sustains above 2770, then it could test 2870.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2770. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 and trade long above 2870 for a target of 2950.



Short term Technical View of Nifty


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

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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



Aban (spot)

The level 950 is crucial for this scrip for the short term. If it sustains above 950, then it is likely to rally towards 1100.

Instead, if it fails to sustain above 950 in coming trading sessions, then it is likely to turn weak and it could decline towards 600 initially.

Trading Strategy for Aban

For intraday, the crucial level is 860. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 950 for a target of 1100. Initiate shorts if it fails to sustain above 950 for a target of 600 initially.



L&T (spot)

The crucial level for the short term for this scrip is 830. If it fails to sustain above 830, then it is likely to turn bearish and in the down side it could test 600 in coming trading session.

Instead, if it sustains above 830, then the short term trend would turn bullish and in the upper side it is likely to move towards 900.


Trading Strategy for L&T

For Intraday, the crucial level is 775. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 830 for a target of 600. And initiate longs if it sustains above 830 for a target of 900.



TCS (spot)

The level 550 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 630.

If it fails to sustain above 550, then the trend would turn bearish and in the downside it is likely to decline towards 400 initially.


Trading Strategy for TCS

For intraday, the crucial level is 525. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 550 for a target of 400. Initiate longs if it sustains above 550 for a target of 630.





Tata Com (spot)

The level 525 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 580.

Instead, if it fails to sustain above 525, the short term trend would turn bearish and in the downside it is likely to decline towards 390 initially.



Trading Strategy for Tata com

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

Positional traders can initiate shorts if the scrip fails to sustain above 525 for a target of 390. Initiate longs if it sustains above 525 for a target of 580.




HCL Tech (spot)

The crucial level for the scrip in the short term is 170. The trend would remain bearish for this scrip if it sustains below 170 and in the down side, it could test 100 initially.

If the scrip sustains above 170, 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 HCL Tech

For intraday, the crucial level is 155. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 170 is broken in the upside for a target of 210. Short if it fails to sustain above 170 for a target of 100.




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TECHNICAL OUTLOOK, 17 NOVEMBER

D Sathia Moorthy

Nifty (spot) 2810.35



Nifty Intraday trading levels

Today, if Nifty trades below 2870, then it could test 2770 and below this level, it could test 2650. Instead, if it sustains below 2870, then it could test 2950.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2870. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 and trade long above 2870 for a target of 2950.



Short term Technical View of Nifty


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

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 1210 is crucial for this scrip for the short term. If it sustains above 1210, then it is likely to rally towards 1270.

Instead, if it fails to sustain above 1210 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 1160. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1210 for a target of 1270. Initiate shorts if it fails to sustain above 1210 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 1160. 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 1250 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 1310.

If it fails to sustain above 1250, 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 1230. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1310.





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 270.

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 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 the scrip fails to sustain above 230 for a target of 270. Initiate longs if it sustains above 230 for a target of 270.




Tata Steel (spot)

The crucial level for the scrip in the short term is 200. The trend would remain bearish for this scrip if it sustains below 200 and in the down side, it could test 130 initially.

If the scrip sustains above 200, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 250.


Trading Strategy for Tata Steel

For intraday, the crucial level is 185. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 200 is broken in the upside for a target of 250. Short if it fails to sustain above 200 for a target of 130.




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TECHNICAL OUTLOOK, 14 NOVEMBER

Nifty (spot) 2848.45



Nifty Intraday trading levels

Today, if Nifty trades above 2900, then it could test 2950. Instead, if it sustains below 2900, then it could test 2750.



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.

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



Short term Technical View of Nifty


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

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 1210 is crucial for this scrip for the short term. If it sustains above 1210, then it is likely to rally towards 1270.

Instead, if it fails to sustain above 1210 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 1210. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1210 for a target of 1270. Initiate shorts if it fails to sustain above 1210 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 1310 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 1390.

If it fails to sustain above 1310, 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 1275. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1390.





ICICI Bank (spot)

The level 425 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 470.

Instead, if it fails to sustain above 425, the short term trend would turn bearish and in the downside it is likely to decline towards 300 initially.



Trading Strategy for ICICI Bank

For intraday, the crucial level is 410. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 425 for a target of 300. Initiate longs if it sustains above 425 for a target of 470.




Maruti (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 450 initially.

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 680.


Trading Strategy for Maruti

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 680. Short if it fails to sustain above 600 for a target of 450.




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TECHNICAL OUTLOOK, 12 NOVEMBER

Nifty (spot) 2938.65



Nifty Intraday trading levels

Today, if Nifty trades below 2970, then it could test 2850 and below 2850, it could test 2750. Instead, if it sustains below 2970, then it could test 3050.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2970. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2970 for a target of 2500 and trade long above 2970 for a target of 3050.



Short term Technical View of Nifty


The level 3200 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2500 initially.

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 1250 is crucial for this scrip for the short term. If it sustains above 1250, then it is likely to rally towards 1300.

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 1215. 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 1300. Initiate shorts if it fails to sustain above 1250 for a target of 1000 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 1000 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 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1235. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. And initiate longs if it sustains above 1250 for a target of 1300.



Infosys (spot)

The level 1310 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 1390.

If it fails to sustain above 1310, 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 1235. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1390.





RPL (spot)

The level 90 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 105.

Instead, if it fails to sustain above 90, the short term trend would turn bearish and in the downside it is likely to decline towards 60 initially.



Trading Strategy for RPL

For intraday, the crucial level is 80. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 90 for a target of 60. Initiate longs if it sustains above 90 for a target of 105.




Acc (spot)

The crucial level for the scrip in the short term is 490. The trend would remain bearish for this scrip if it sustains below 490 and in the down side, it could test 400 initially.

If the scrip sustains above 490, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 540.


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 longs if the level 490 is broken in the upside for a target of 540. Short if it fails to sustain above 490 for a target of 400.




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TECHNICAL OUTLOOK, 11 NOVEMBER

Nifty (spot) 3148.25



Nifty Intraday trading levels

Today, if Nifty trades above 3150, then it could test 3200. Instead, if it sustains below 3150, then it could test 3050 and below 3050, it could test 2950.


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 and trade long above 3050 for a target of 3200.



Short term Technical View of Nifty


The level 3200 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2500 initially.

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 1280 is crucial for this scrip for the short term. If it sustains above 1280, then it is likely to rally towards 1350.

Instead, if it fails to sustain above 1280 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 1280 for a target of 1350. Initiate shorts if it fails to sustain above 1280 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1280. If it fails to sustain above 1280, 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 1280, 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 1280 for a target of 1000. And initiate longs if it sustains above 1280 for a target of 1350.



Infosys (spot)

The level 1310 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 1390.

If it fails to sustain above 1310, 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 1335. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1400.





Reliance capital (spot)

The level 670 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 670, the short term trend would turn bearish and in the downside it is likely to decline towards 570 initially.



Trading Strategy for Reliance capital

For intraday, the crucial level is 670. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 670 for a target of 570. Initiate longs if it sustains above 670 for a target of 750.




Sterlite (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 350.


Trading Strategy for Sterlite

For intraday, the crucial level is 295. 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 350. Short if it fails to sustain above 305 for a target of 200.




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TECHNICAL OUTLOOK, 10 NOVEMBER

Nifty (spot) 2973.00



Nifty Intraday trading levels

Today, if Nifty trades above 2970, then it could test 3060 and above 3060, it could test 3100. Instead, if it sustains below 3060, then it could test 2900.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3060. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3060 for a target of 2500 and trade long above 3060 for a target of 3100.



Short term Technical View of Nifty


The level 3060 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2500 initially.

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 1280 is crucial for this scrip for the short term. If it sustains above 1280, then it is likely to rally towards 1350.

Instead, if it fails to sustain above 1280 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 1240. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1280 for a target of 1350. Initiate shorts if it fails to sustain above 1280 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1280. If it fails to sustain above 1280, 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 1280, 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 1280. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1280 for a target of 1000. And initiate longs if it sustains above 1280 for a target of 1350.



Infosys (spot)

The level 1310 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 1400.

If it fails to sustain above 1310, 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 1310. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1400.





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 270.

Instead, if it fails to sustain above 270, 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 231. 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 180. Initiate longs if it sustains above 240 for a target of 270.




Satyam Computers (spot)

The crucial level for the scrip in the short term is 320. The trend would remain bearish for this scrip if it sustains below 320 and in the down side, it could test 200 initially.

If the scrip sustains above 320, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 380.


Trading Strategy for Satyam

For intraday, the crucial level is 285. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 320 is broken in the upside for a target of 380. Short if it fails to sustain above 320 for a target of 200.




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TECHNICAL OUTLOOK, 7 NOVEMBER

Nifty (spot) 2892.65



Nifty Intraday trading levels

Today, if Nifty trades below 2860, then it could test 2800 and below 2800, it could test 2700. Instead, if it sustains above 2860, then it could test 2970.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2860. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2860 for a target of 2500 and trade long above 2860 for a target of 2970.



Short term Technical View of Nifty


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

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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 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 1190. 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 1000 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 1000 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 1280.


Trading Strategy for SBI

For Intraday, the crucial level is 1200. 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 1000. And initiate longs if it sustains above 1200 for a target of 1380.



Infosys (spot)

The level 1310 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 1400.

If it fails to sustain above 1310, 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 1230. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1400.





Reliance Capital (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 Reliance Capital

For intraday, the crucial level is 615. 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.




TCS (spot)

The crucial level for the scrip in the short term is 490. The trend would remain bearish for this scrip if it sustains below 490 and in the down side, it could test 400 initially.

If the scrip sustains above 490, 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 TCS

For intraday, the crucial level is 1490. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 490 is broken in the upside for a target of 580. Short if it fails to sustain above 490 for a target of 400.




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TECHNICAL OUTLOOK, 6 NOVEMBER

Nifty (spot) 2994.95



Nifty Intraday trading levels

Today, if Nifty trades below 2950, then it could test 2800 and below 2800, it could test 2700. Instead, if it sustains above 2950, then it could test 3050.


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 2950 for a target of 2500 and trade long above 2950 for a target of 3050.



Short term Technical View of Nifty


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

The present rally seems to be corrective, so, once the rally peaks out, it is likely to be followed by a fall towards 2200.



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



Unitech (spot)

The level 70 is crucial for this scrip for the short term. If it sustains above 70, then it is likely to rally towards 100.

Instead, if it fails to sustain above 70 in coming trading sessions, then it is likely to turn weak and it could decline towards 20 initially.

Trading Strategy for Unitech

For intraday, the crucial level is 50. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 70 for a target of 100. Initiate shorts if it fails to sustain above 70 for a target of 20 initially.



Suzlon (spot)

The crucial level for the short term for this scrip is 95. If it fails to sustain above 95, then it is likely to turn bearish and in the down side it could test 20 in coming trading session.

Instead, if it sustains above 95, then the short term trend would turn bullish and in the upper side it is likely to move towards 130.

Trading Strategy for Suzlon

For Intraday, the crucial level is 59. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 95 for a target of 20. And initiate longs if it sustains above 95 for a target of 130.



RPower (spot)

The level 130 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 180.

If it fails to sustain above 130, then the trend would turn bearish and in the downside it is likely to decline towards 60 initially.


Trading Strategy for RPower

For intraday, the crucial level is 130. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 130 for a target of 60. Initiate longs if it sustains above 130 for a target of 180.





DLF (spot)

The level 330 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 sustain above 330, the short term trend would turn bearish and in the downside it is likely to decline towards 200 initially.



Trading Strategy for DLF

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 330 for a target of 200. Initiate longs if it sustains above 330 for a target of 400.




Hind unilever (spot)

The crucial level for the scrip in the short term is 255. The trend would remain bearish for this scrip if it sustains below 255 and in the down side, it could test 150 initially.

If the scrip sustains above 255, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 300.


Trading Strategy for Hind unilever

For intraday, the crucial level is 238. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 255 is broken in the upside for a target of 300. Short if it fails to sustain above 255 for a target of 200.




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