TECHNICAL OUTLOOK, 29 APRIL

Nifty (spot) 3362.35



Nifty Intraday trading levels and range

Today, if Nifty trades below 3350 then it could test 3250.

Instead, if it sustains above 3350, then it could test 3400 and above this level, it could test 3450.



Nifty intraday Trading Strategy

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


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 3450 for a target of 2900 with a stop at 3450 and trade long above 3450 for a target of 3550 with a stop at 3450.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1770 is crucial for short term. If it sustains above 1770, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1770 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1770. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1770 for a target of 1850. Initiate shorts if it fails to sustain above 1770 for a target of 1500.



SBI (spot)

The crucial level for the short term for this scrip is 1320. If it fails to sustain above 1320, then it is likely to turn bearish and in the down side it could test 1100 in coming trading sessions.

Instead, if it sustains above 1320, then the short term trend would turn bullish and in the upper side it is likely to move towards 1360.


Trading Strategy for SBI

For Intraday, the crucial level is 1260. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1100. And initiate longs if it sustains above 1320 for a target of 1360.



Ongc (spot)

The level 830 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 880.

If it fails to sustain above 830, then the trend would turn bearish and in the downside it is likely to decline towards 750 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 830. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 830 for a target of 750. Initiate longs if it sustains above 830 for a target of 880.





Icici Bank (spot)

The level 455 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 500.

Instead, if it fails to sustain above 455, the short term trend would turn bearish and in the downside it is likely to decline towards 380 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 455. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 455 for a target of 380. Initiate longs if it sustains above 455 for a target of 500.




Infosys (spot)

The crucial level for the scrip in the short term is 1450. The trend would remain bearish for this scrip if it sustains below 1450 and in the down side, it could test 1300 initially.

If the scrip sustains above 1450, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1500.


Trading Strategy for Infosys

For intraday, the crucial level is 1450. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1450 in the upside for a target of 1500. Short if it fails to sustain above 1450 for a target of 1300.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 28 APRIL

D Sathia Moorthy
April 28, 2009

Nifty (spot) 3470.75



Nifty Intraday trading levels and range

Today, if Nifty trades below 3440 then it could test 3380.

Instead, if it sustains above 3440, then it could test 3500.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3440. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 3450 for a target of 2900 with a stop at 3450 and trade long above 3450 for a target of 3550 with a stop at 3450.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1760 is crucial for short term. If it sustains above 1760, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1760 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1760. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1760 for a target of 1850. Initiate shorts if it fails to sustain above 1760 for a target of 1500.



SBI (spot)

The crucial level for the short term for this scrip is 1320. If it fails to sustain above 1320, then it is likely to turn bearish and in the down side it could test 1100 in coming trading sessions.

Instead, if it sustains above 1320, then the short term trend would turn bullish and in the upper side it is likely to move towards 1360.


Trading Strategy for SBI

For Intraday, the crucial level is 1320. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1100. And initiate longs if it sustains above 1320 for a target of 1360.



Ongc (spot)

The level 890 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 930.

If it fails to sustain above 890, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 860. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 890 for a target of 800. Initiate longs if it sustains above 890 for a target of 930.





Icici Bank (spot)

The level 475 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 500.

Instead, if it fails to sustain above 475, the short term trend would turn bearish and in the downside it is likely to decline towards 380 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 475. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 475 for a target of 380. Initiate longs if it sustains above 475 for a target of 500.




Infosys (spot)

The crucial level for the scrip in the short term is 1450. The trend would remain bearish for this scrip if it sustains below 1450 and in the down side, it could test 1300 initially.

If the scrip sustains above 1450, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1500.


Trading Strategy for Infosys

For intraday, the crucial level is 1450. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1450 in the upside for a target of 1500. Short if it fails to sustain above 1450 for a target of 1300.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 27 APRIL

D Sathia Moorthy


Nifty (spot) 3480.75



Nifty Intraday trading levels and range

Today, if Nifty trades below 3440 then it could test 3380.

Instead, if it sustains above 3440, then it could test 3500.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3440. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 3450 for a target of 2900 with a stop at 3450 and trade long above 3450 for a target of 3550 with a stop at 3450.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1760 is crucial for short term. If it sustains above 1760, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1760 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1760. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1760 for a target of 1850. Initiate shorts if it fails to sustain above 1760 for a target of 1500.



SBI (spot)

The crucial level for the short term for this scrip is 1320. If it fails to sustain above 1320, then it is likely to turn bearish and in the down side it could test 1100 in coming trading sessions.

Instead, if it sustains above 1320, then the short term trend would turn bullish and in the upper side it is likely to move towards 1360.


Trading Strategy for SBI

For Intraday, the crucial level is 1320. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1100. And initiate longs if it sustains above 1320 for a target of 1360.



Ongc (spot)

The level 890 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 930.

If it fails to sustain above 890, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 840. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 890 for a target of 800. Initiate longs if it sustains above 890 for a target of 930.





Icici Bank (spot)

The level 410 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 440.

Instead, if it fails to sustain above 410, the short term trend would turn bearish and in the downside it is likely to decline towards 320 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 410 for a target of 320. Initiate longs if it sustains above 410 for a target of 440.




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 170 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 250.


Trading Strategy for Rcom

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

Positional traders can initiate longs if the scrip sustains above 225 in the upside for a target of 250. Short if it fails to sustain above 225 for a target of 170.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 24 APRIL

D Sathia Moorthy


Nifty (spot) 3423.70



Nifty Intraday trading levels and range

Today, if Nifty trades below 3450 then it could test 3360 and below this level, it could test 3300.

Instead, if it sustains above 3450, then it could test 3550.



Nifty intraday Trading Strategy

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


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 3450 for a target of 2900 with a stop at 3450 and trade long above 3450 for a target of 3550 with a stop at 3450.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1750 is crucial for short term. If it sustains above 1750, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1750 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1750. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1750 for a target of 1850. Initiate shorts if it fails to sustain above 1750 for a target of 1500.



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 sessions.

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 1360.


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 1000. And initiate longs if it sustains above 1250 for a target of 1360.



Ongc (spot)

The level 850 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 890.

If it fails to sustain above 850, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 850. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 850 for a target of 800. Initiate longs if it sustains above 850 for a target of 890.





Icici Bank (spot)

The level 440 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 480.

Instead, if it fails to sustain above 440, the short term trend would turn bearish and in the downside it is likely to decline towards 360 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 440. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 440 for a target of 360. Initiate longs if it sustains above 440 for a target of 480.




Rcom (spot)

The crucial level for the scrip in the short term is 215. The trend would remain bearish for this scrip if it sustains below 215 and in the down side, it could test 170 initially.

If the scrip sustains above 215, 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 Rcom

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

Positional traders can initiate longs if the scrip sustains above 215 in the upside for a target of 250. Short if it fails to sustain above 215 for a target of 170.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 23 APRIL

Nifty (spot) 3330.30



Nifty Intraday trading levels and range

Today, if Nifty trades below 3360 then it could test 3300 and below this level, it could test 3250.

Instead, if it sustains above 3360, then it could test 3425.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3360. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 3360 for a target of 2900 with a stop at 3360 and trade long above 3360 for a target of 3425 with a stop at 3360.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1750 is crucial for short term. If it sustains above 1750, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1750 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1735. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1750 for a target of 1850. Initiate shorts if it fails to sustain above 1750 for a target of 1500.



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 sessions.

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 1360.


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 1000. And initiate longs if it sustains above 1250 for a target of 1360.



Ongc (spot)

The level 850 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 930.

If it fails to sustain above 850, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 850. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 850 for a target of 800. Initiate longs if it sustains above 850 for a target of 930.





Icici Bank (spot)

The level 415 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 480.

Instead, if it fails to sustain above 415, the short term trend would turn bearish and in the downside it is likely to decline towards 360 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 415. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 415 for a target of 360. Initiate longs if it sustains above 415 for a target of 480.




Maruti (spot)

The crucial level for the scrip in the short term is 775. The trend would remain bearish for this scrip if it sustains below 775 and in the down side, it could test 700 initially.

If the scrip sustains above 775, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 850.


Trading Strategy for Maruti

For intraday, the crucial level is 775. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 775 in the upside for a target of 850. Short if it fails to sustain above 775 for a target of 700.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 13 APRIL

D Sathia Moorthy


Nifty (spot) 3342.95



Nifty Intraday trading levels and range

Today, if Nifty trades below 3350 then it could test 3300 and below this level, it could test 3250.

Instead, if it sustains above 3350, then it could test 3400.



Nifty intraday Trading Strategy

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


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 3350 for a target of 2900 with a stop at 3350 and trade long above 3350 for a target of 3400 with a stop at 3350.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2900 initially and then it could decline towards 2500 and this view holds good as long as Nifty stays below 3250.

Since the present rally seems to be corrective, it is likely to top out around 3250 and it is likely to break 2500 in the downside in coming weeks






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 1750 is crucial for short term. If it sustains above 1750, then it is likely to rally towards 1800.

Instead, if it fails to sustain above 1750 in coming trading sessions, then it is likely to turn weak and it could decline towards 1300 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1750. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1750 for a target of 1800. Initiate shorts if it fails to sustain above 1750 for a target of 1300.



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 1000 in coming trading sessions.

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 1150. 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 1000. And initiate longs if it sustains above 1150 for a target of 1200.



Ongc (spot)

The level 900 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 930.

If it fails to sustain above 900, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 900. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 900 for a target of 800. Initiate longs if it sustains above 900 for a target of 930.





Icici Bank (spot)

The level 400 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 420.

Instead, if it fails to sustain above 400, the short term trend would turn bearish and in the downside it is likely to decline towards 360 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 400. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 400 for a target of 360. Initiate longs if it sustains above 400 for a target of 420.




Maruti (spot)

The crucial level for the scrip in the short term is 815. The trend would remain bearish for this scrip if it sustains below 815 and in the down side, it could test 700 initially.

If the scrip sustains above 815, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 850.


Trading Strategy for Maruti

For intraday, the crucial level is 855. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains 815 in the upside for a target of 850. Short if it fails to sustain above 815 for a target of 700.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 8 APRIL

D Sathia Moorthy


Nifty (spot) 3256.60



Nifty Intraday trading levels and range

Today, if Nifty trades below 3270 then it could test 3200 and below this level, it could test 3150.

Instead, if it sustains below 3270, then it could test 3325.



Nifty intraday Trading Strategy

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


Nifty Positional Trading Strategy


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



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2900 initially and then it could decline towards 2500 and this view holds good as long as Nifty stays below 3250.

Since the present rally seems to be corrective, it is likely to top out around 3250 and it is likely to break 2500 in the downside in coming weeks






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 1640 is crucial for short term. If it sustains above 1640, then it is likely to rally towards 1750.

Instead, if it fails to sustain above 1640 in coming trading sessions, then it is likely to turn weak and it could decline towards 1300 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1640. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1640 for a target of 1750. Initiate shorts if it fails to sustain above 1640 for a target of 1300.



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 1000 in coming trading sessions.

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 1150. 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 1000. And initiate longs if it sustains above 1150 for a target of 1200.



TCS (spot)

The level 600 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 600, then the trend would turn bearish and in the downside it is likely to decline towards 500 initially.


Trading Strategy for TCS


For intraday, the crucial level is 585. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 600 for a target of 500. Initiate longs if it sustains above 600 for a target of 630.





Icici Bank (spot)

The level 380 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 410.

Instead, if it fails to sustain above 380, 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 362. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 380 for a target of 300. Initiate longs if it sustains above 380 for a target of 410.




Maruti (spot)

The crucial level for the scrip in the short term is 815. The trend would remain bearish for this scrip if it sustains below 815 and in the down side, it could test 700 initially.

If the scrip sustains above 815, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 850.


Trading Strategy for Maruti

For intraday, the crucial level is 855. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains 815 in the upside for a target of 850. Short if it fails to sustain above 815 for a target of 700.


Visit us at:
www.sathiamoorthy.com


Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 6 APRIL

D Sathia Moorthy


Nifty (spot) 3060.35



Nifty Intraday trading levels and range

Today, if Nifty trades above 3200 then it could test 3250 and above this level, it could test 3300.

Instead, if it sustains below 3200, then it could test 3150 and below this level it could test 3100.



Nifty intraday Trading Strategy

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


Nifty Positional Trading Strategy


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



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

Since the present rally seems to be corrective, it is likely to top out around 3250 and it is likely to break 2500 in the downside in coming weeks






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 1640 is crucial for short term. If it sustains above 1640, then it is likely to rally towards 1750.

Instead, if it fails to sustain above 1640 in coming trading sessions, then it is likely to turn weak and it could decline towards 1300 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1640. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1640 for a target of 1750. Initiate shorts if it fails to sustain above 1640 for a target of 1300.



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 1000 in coming trading sessions.

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 1150. 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 1000. And initiate longs if it sustains above 1150 for a target of 1200.



TCS (spot)

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 500 initially.


Trading Strategy for TCS


For intraday, the crucial level is 560. 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 500. Initiate longs if it sustains above 560 for a target of 600.





Icici Bank (spot)

The level 380 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 410.

Instead, if it fails to sustain above 380, 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 380. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 380 for a target of 300. Initiate longs if it sustains above 380 for a target of 410.




Maruti (spot)

The crucial level for the scrip in the short term is 815. The trend would remain bearish for this scrip if it sustains below 815 and in the down side, it could test 700 initially.

If the scrip sustains above 815, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 850.


Trading Strategy for Maruti

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 scrip sustains 815 in the upside for a target of 850. Short if it fails to sustain above 815 for a target of 700.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai

TECHNICAL OUTLOOK, 01 APRIL

D Sathia Moorthy


Nifty (spot) 3020.95



Nifty Intraday trading levels and range

Today, if Nifty trades above 3010 then it could test 3050.

Instead, if it sustains below 3010, then it could test 2950 and below this level it could test 2900.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3010. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


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



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3150.

Since the present rally seems to be corrective, it is likely to top out below 3150 or below 3250 and it is likely to break 2500 in the downside in coming weeks






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 1560 is crucial for short term. If it sustains above 1560, then it is likely to rally towards 1600.

Instead, if it fails to sustain above 1560 in coming trading sessions, then it is likely to turn weak and it could decline towards 1200 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1550. 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 1600. Initiate shorts if it fails to sustain above 1500 for a target of 1200.



SBI (spot)

The crucial level for the short term for this scrip is 1070. If it fails to sustain above 1070, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 1070, then the short term trend would turn bullish and in the upper side it is likely to move towards 1120.


Trading Strategy for SBI

For Intraday, the crucial level is 1040. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1070 for a target of 850. And initiate longs if it sustains above 1070 for a target of 1120.



TCS (spot)

The level 530 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 560.

If it fails to sustain above 530, then the trend would turn bearish and in the downside it is likely to decline towards 450 initially.


Trading Strategy for TCS


For intraday, the crucial level is 530. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 530 for a target of 450. Initiate longs if it sustains above 530 for a target of 560.





Icici Bank (spot)

The level 345 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 390.

Instead, if it fails to sustain above 345, the short term trend would turn bearish and in the downside it is likely to decline towards 250 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 345. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 345 for a target of 250. Initiate longs if it sustains above 345 for a target of 390.




Maruti (spot)

The crucial level for the scrip in the short term is 790. The trend would remain bearish for this scrip if it sustains below 790 and in the down side, it could test 700 initially.

If the scrip sustains above 790, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 830.


Trading Strategy for Maruti

For intraday, the crucial level is 765. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains 790 in the upside for a target of 830. Short if it fails to sustain above 790 for a target of 700.


Visit us at:
www.sathiamoorthy.com


Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai