TECHNICAL OUTLOOK, 29 MAY

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Nifty (spot) 4337.10



Nifty Intraday trading levels and range

Today, if Nifty trades above 4360, then it could test 4400.

Instead, if it sustains below 4360, then it could test 4290 and below that level, it could test 4200.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4360. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2250 is crucial for short term. If it sustains above 2250, then it is likely to rally towards 2300.

Instead, if it fails to sustain above 2250 in coming trading sessions, then it is likely to turn weak and it could decline towards 2100 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2200. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2200 for a target of 2250. Initiate shorts if it fails to sustain above 2200 for a target of 2100.



SBI (spot)

The crucial level for the short term for this scrip is 1850. If it fails to sustain above 1850, then it is likely to turn bearish and in the down side it could test 1750 in coming trading sessions.

Instead, if it sustains above 1850, then the short term trend would turn bullish and in the upper side it is likely to move towards 1950.


Trading Strategy for SBI

For Intraday, the crucial level is 1850. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1800 for a target of 1750. And initiate longs if it sustains above 1850 for a target of 1950.



Rcom (spot)

The level 310 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 340.

If it fails to sustain above 310, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 310 for a target of 250. Initiate longs if it sustains above 310 for a target of 340.





Icici Bank (spot)

The level 750 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 780.

Instead, if it fails to sustain above 750, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 710 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 750 for a target of 600. Initiate longs if it sustains above 750 for a target of 780.




DLF (spot)

The crucial level for the scrip in the short term is 380. The trend would remain bearish for this scrip if it sustains below 370 and in the down side, it could test 300 initially.

If the scrip sustains above 380, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 400.


Trading Strategy for DLF

For intraday, the crucial level is 380. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 380 in the upside for a target of 400. Short if it fails to sustain above 380 for a target of 300.


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TECHNICAL OUTLOOK, 28 MAY

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D Sathia Moorthy


Nifty (spot) 4276.05



Nifty Intraday trading levels and range

Today, if Nifty trades above 4235, then it could test 4300.

Instead, if it sustains below 4235, then it could test 4200 and below that level, it could test 4100.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4235. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2200 is crucial for short term. If it sustains above 2200, then it is likely to rally towards 2250.

Instead, if it fails to sustain above 2200 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2200. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2200 for a target of 2250. Initiate shorts if it fails to sustain above 2200 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1800. If it fails to sustain above 1800, then it is likely to turn bearish and in the down side it could test 1550 in coming trading sessions.

Instead, if it sustains above 1800, then the short term trend would turn bullish and in the upper side it is likely to move towards 1850.


Trading Strategy for SBI

For Intraday, the crucial level is 1800. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1800 for a target of 1550. And initiate longs if it sustains above 1800 for a target of 1850.



Rcom (spot)

The level 310 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 340.

If it fails to sustain above 310, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 310 for a target of 250. Initiate longs if it sustains above 310 for a target of 340.





Icici Bank (spot)

The level 720 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 780.

Instead, if it fails to sustain above 720, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 720 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 720 for a target of 600. Initiate longs if it sustains above 720 for a target of 780.




DLF (spot)

The crucial level for the scrip in the short term is 370. The trend would remain bearish for this scrip if it sustains below 370 and in the down side, it could test 300 initially.

If the scrip sustains above 370, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 400.


Trading Strategy for DLF

For intraday, the crucial level is 370. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 370 in the upside for a target of 400. Short if it fails to sustain above 370 for a target of 300.


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TECHNICAL OUTLOOK, 27 MAY

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Nifty (spot) 4116.70



Nifty Intraday trading levels and range

Today, if Nifty trades above 4130, then it could test 4180 and above this level, it could test 4250.

Instead, if it sustains below 4130, then it could test 4050 and below that level, it could test 4000.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4130. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2130 is crucial for short term. If it sustains above 2130, then it is likely to rally towards 2250.

Instead, if it fails to sustain above 2130 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2130. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2130 for a target of 2250. Initiate shorts if it fails to sustain above 2130 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1680. If it fails to sustain above 1680, then it is likely to turn bearish and in the down side it could test 1550 in coming trading sessions.

Instead, if it sustains above 1680, then the short term trend would turn bullish and in the upper side it is likely to move towards 1850.


Trading Strategy for SBI

For Intraday, the crucial level is 1680. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1680 for a target of 1550. And initiate longs if it sustains above 1680 for a target of 1850.



Reliance Infra (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 1300.

If it fails to sustain above 1150, then the trend would turn bearish and in the downside it is likely to decline towards 950 initially.


Trading Strategy for Reliance Infra


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 950. Initiate longs if it sustains above 1150 for a target of 1300.





Icici Bank (spot)

The level 685 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 780.

Instead, if it fails to sustain above 685, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 685. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 685 for a target of 600. Initiate longs if it sustains above 685 for a target of 780.




DLF (spot)

The crucial level for the scrip in the short term is 350. The trend would remain bearish for this scrip if it sustains below 350 and in the down side, it could test 300 initially.

If the scrip sustains above 350, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 400.


Trading Strategy for DLF

For intraday, the crucial level is 350. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 350 in the upside for a target of 400. Short if it fails to sustain above 350 for a target of 300.


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TECHNICAL OUTLOOK, 25 MAY

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Nifty (spot) 4238.50



Nifty Intraday trading levels and range

Today, if Nifty trades below 4250, then it could test 4180 and below this level, it could test 4100.

Instead, if it sustains above 4250, then it could test 4280 and above that level, it could test 4350.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4250. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2200 is crucial for short term. If it sustains above 2200, then it is likely to rally towards 2350.

Instead, if it fails to sustain above 2200 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2200. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2200 for a target of 2350. Initiate shorts if it fails to sustain above 2200 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1750. If it fails to sustain above 1750, then it is likely to turn bearish and in the down side it could test 1550 in coming trading sessions.

Instead, if it sustains above 1750, then the short term trend would turn bullish and in the upper side it is likely to move towards 1900.


Trading Strategy for SBI

For Intraday, the crucial level is 1750. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1750 for a target of 1550. And initiate longs if it sustains above 1750 for a target of 1900.



Reliance Infra (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 1300.

If it fails to sustain above 1150, then the trend would turn bearish and in the downside it is likely to decline towards 950 initially.


Trading Strategy for Reliance Infra


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 950. Initiate longs if it sustains above 1150 for a target of 1300.





Icici Bank (spot)

The level 715 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 780.

Instead, if it fails to sustain above 715, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is715. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 715 for a target of 650. Initiate longs if it sustains above 715 for a target of 780.




DLF (spot)

The crucial level for the scrip in the short term is 370. The trend would remain bearish for this scrip if it sustains below 370 and in the down side, it could test 300 initially.

If the scrip sustains above 370, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 400.


Trading Strategy for DLF

For intraday, the crucial level is 370. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 370 in the upside for a target of 400. Short if it fails to sustain above 370 for a target of 300.


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TECHNICAL OUTLOOK, 25 MAY

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Nifty (spot) 4238.50



Nifty Intraday trading levels and range

Today, if Nifty trades below 4250, then it could test 4100.

Instead, if it sustains above 4250, then it could test 4350.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4250. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2200 is crucial for short term. If it sustains above 2200, then it is likely to rally towards 2350.

Instead, if it fails to sustain above 2200 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2200. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2200 for a target of 2350. Initiate shorts if it fails to sustain above 2200 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1750. If it fails to sustain above 1750, then it is likely to turn bearish and in the down side it could test 1550 in coming trading sessions.

Instead, if it sustains above 1750, then the short term trend would turn bullish and in the upper side it is likely to move towards 1900.


Trading Strategy for SBI

For Intraday, the crucial level is 1750. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1750 for a target of 1550. And initiate longs if it sustains above 1750 for a target of 1900.



Rcom (spot)

The level 330 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 360.

If it fails to sustain above 330, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 295. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 330 for a target of 250. Initiate longs if it sustains above 330 for a target of 360.





Icici Bank (spot)

The level 715 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 780.

Instead, if it fails to sustain above 715, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is715. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 715 for a target of 650. Initiate longs if it sustains above 715 for a target of 780.




Bharti airtel (spot)

The crucial level for the scrip in the short term is 880. The trend would remain bearish for this scrip if it sustains below 880 and in the down side, it could test 750 initially.

If the scrip sustains above 880, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 950.


Trading Strategy for Bharti Airtel

For intraday, the crucial level is 880. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 880 in the upside for a target of 950. Short if it fails to sustain above 880 for a target of 750.


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TECHNICAL OUTLOOK, 21 MAY

Nifty (spot) 4270.30



Nifty Intraday trading levels and range

Today, if Nifty trades below 4250, then it could test 4150.

Instead, if it sustains above 4250, then it could test 4350 and above this level, it could test 4400.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4250. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2150 is crucial for short term. If it sustains above 2150, then it is likely to rally towards 2400.

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2150. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2150 for a target of 2400. Initiate shorts if it fails to sustain above 2150 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1750. If it fails to sustain above 1750, then it is likely to turn bearish and in the down side it could test 1550 in coming trading sessions.

Instead, if it sustains above 1750, then the short term trend would turn bullish and in the upper side it is likely to move towards 1900.


Trading Strategy for SBI

For Intraday, the crucial level is 1750. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1750 for a target of 1550. And initiate longs if it sustains above 1750 for a target of 1900.



Rcom (spot)

The level 330 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 360.

If it fails to sustain above 330, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 295. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 330 for a target of 250. Initiate longs if it sustains above 330 for a target of 360.





Icici Bank (spot)

The level 700 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 780.

Instead, if it fails to sustain above 700, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is700. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 700 for a target of 650. Initiate longs if it sustains above 700 for a target of 780.




Bharti airtel (spot)

The crucial level for the scrip in the short term is 840. The trend would remain bearish for this scrip if it sustains below 840 and in the down side, it could test 750 initially.

If the scrip sustains above 840, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 900.


Trading Strategy for Bharti Airtel

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

Positional traders can initiate longs if the scrip sustains above 840 in the upside for a target of 900. Short if it fails to sustain above 840 for a target of 750.


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TECHNICAL OUTLOOK, 20 MAY

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Nifty (spot) 4318.45



Nifty Intraday trading levels and range

Today, if Nifty trades below 4350, then it could test 4250 and above this level, it could test 4150.

Instead, if it sustains above 4350, then it could test 4425.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4350. 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 4650 for a target of 3600 with a stop at 4650 and trade long above 4650 for a target of 5000 with a stop at 4650.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 2250 is crucial for short term. If it sustains above 2250, then it is likely to rally towards 2500.

Instead, if it fails to sustain above 2250 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2250. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2250 for a target of 200. Initiate shorts if it fails to sustain above 2250 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1750. If it fails to sustain above 1750, then it is likely to turn bearish and in the down side it could test 1550 in coming trading sessions.

Instead, if it sustains above 1750, then the short term trend would turn bullish and in the upper side it is likely to move towards 1900.


Trading Strategy for SBI

For Intraday, the crucial level is 1750. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1750 for a target of 1550. And initiate longs if it sustains above 1750 for a target of 1900.



Rcom (spot)

The level 330 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 360.

If it fails to sustain above 330, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 330 for a target of 250. Initiate longs if it sustains above 330 for a target of 360.





Icici Bank (spot)

The level 740 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 800.

Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is740. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 740 for a target of 650. Initiate longs if it sustains above 740 for a target of 800.




Bharti airtel (spot)

The crucial level for the scrip in the short term is 930. The trend would remain bearish for this scrip if it sustains below 930 and in the down side, it could test 800 initially.

If the scrip sustains above 930, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1000.


Trading Strategy for Bharti Airtel

For intraday, the crucial level is 930. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 930 in the upside for a target of 1000. Short if it fails to sustain above 930 for a target of 800.


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TECHNICAL OUTLOOK, 15 MAY

Nifty (spot) 3593.45



Nifty Intraday trading levels and range

Today, if Nifty trades below 3630, then it could test 3550 and above this level, it could test 3500.

Instead, if it sustains below 3630, then it could test 3700.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3630. 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 3630 for a target of 3300 with a stop at 3630 and trade long above 3630 for a target of 3750 with a stop at 3630.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 3800 and in the downside it is likely to test 2900 initially in coming trading sessions.






Medium term outlook of Nifty dated on 13 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3800. Nifty is likely to bottom out in the medium term at 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 1920 is crucial for short term. If it sustains above 1920, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1920 in coming trading sessions, then it is likely to turn weak and it could decline towards 1820 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1920. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1920 for a target of 2000. Initiate shorts if it fails to sustain above 1920 for a target of 1820.



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 1100 in coming trading sessions.

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 1150. And initiate longs if it sustains above 1230 for a target of 1300.



Rcom (spot)

The level 235 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 260.

If it fails to sustain above 235, then the trend would turn bearish and in the downside it is likely to decline towards 190 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 235. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 235 for a target of 190. Initiate longs if it sustains above 235 for a target of 260.





Icici Bank (spot)

The level 545 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 545, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 545 for a target of 450. Initiate longs if it sustains above 545 for a target of 600.




Bharti airtel (spot)

The crucial level for the scrip in the short term is 780. The trend would remain bearish for this scrip if it sustains below 780 and in the down side, it could test 720 initially.

If the scrip sustains above 780, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 820.


Trading Strategy for Bharti Airtel

For intraday, the crucial level is 780. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 780 in the upside for a target of 820. Short if it fails to sustain above 780 for a target of 720.


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TECHNICAL OUTLOOK, 14 MAY

Nifty (spot) 3635.25



Nifty Intraday trading levels and range

Today, if Nifty trades below 3600, then it could test 3550 and above this level, it could test 3500.

Instead, if it sustains below 3600, then it could test 3670.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3600. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 3800 and in the downside it is likely to test 2900 initially in coming trading sessions.






Medium term outlook of Nifty dated on 13 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3800. Nifty is likely to bottom out in the medium term at 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 1920 is crucial for short term. If it sustains above 1920, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1920 in coming trading sessions, then it is likely to turn weak and it could decline towards 1820 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1920. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1920 for a target of 2000. Initiate shorts if it fails to sustain above 1920 for a target of 1820.



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 1100 in coming trading sessions.

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 1150. And initiate longs if it sustains above 1230 for a target of 1300.



Rcom (spot)

The level 220 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 250.

If it fails to sustain above 220, then the trend would turn bearish and in the downside it is likely to decline towards 190 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 220. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 220 for a target of 190. Initiate longs if it sustains above 220 for a target of 250.





Icici Bank (spot)

The level 545 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 545, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 545 for a target of 450. Initiate longs if it sustains above 545 for a target of 600.




Bharti airtel (spot)

The crucial level for the scrip in the short term is 780. The trend would remain bearish for this scrip if it sustains below 780 and in the down side, it could test 720 initially.

If the scrip sustains above 780, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 820.


Trading Strategy for Bharti Airtel

For intraday, the crucial level is 780. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 780 in the upside for a target of 820. Short if it fails to sustain above 780 for a target of 720.


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TECHNICAL OUTLOOK, 13 MAY

Nifty (spot) 3681.10



Nifty Intraday trading levels and range

Today, if Nifty trades above 3650, then it could test 3720 and above this level, it could test 3800.

Instead, if it sustains below 3640, then it could test 3600.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3640. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3800 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 3800 and in the downside it is likely to test 2900 initially in coming trading sessions.






Medium term outlook of Nifty dated on 13 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3800. Nifty is likely to bottom out in the medium term at 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 1920 is crucial for short term. If it sustains above 1920, then it is likely to rally towards 2050.

Instead, if it fails to sustain above 1920 in coming trading sessions, then it is likely to turn weak and it could decline towards 1820 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1940. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1920 for a target of 2050. Initiate shorts if it fails to sustain above 1920 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1150 in coming trading sessions.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1400.


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 1300 for a target of 1150. And initiate longs if it sustains above 1300 for a target of 1350.



Ongc (spot)

The level 880 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 880, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 545 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 545, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 545 for a target of 450. Initiate longs if it sustains above 545 for a target of 600.




Infosys (spot)

The crucial level for the scrip in the short term is 1580. The trend would remain bearish for this scrip if it sustains below 1580 and in the down side, it could test 1400 initially.

If the scrip sustains above 1580, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1500 in the upside for a target of 1600. Short if it fails to sustain above 1500 for a target of 1400.


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TECHNICAL OUTLOOK, 12 MAY

Nifty (spot) 3554.60



Nifty Intraday trading levels and range

Today, if Nifty trades above 3515, then it could test 3620.

Instead, if it sustains below 3515, then it could test 3440 and below this level, it could test 3400.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3515. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 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 1820 is crucial for short term. If it sustains above 1820, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1820 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1885. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1820 for a target of 2000. Initiate shorts if it fails to sustain above 1820 for a target of 1700.



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 1150 in coming trading sessions.

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 1350.


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 1150. And initiate longs if it sustains above 1230 for a target of 1350.



Ongc (spot)

The level 880 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 880, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 515 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 550.

Instead, if it fails to sustain above 515, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Icici Bank

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 515 for a target of 450. Initiate longs if it sustains above 515 for a target of 550.




Infosys (spot)

The crucial level for the scrip in the short term is 1500. The trend would remain bearish for this scrip if it sustains below 1500 and in the down side, it could test 1400 initially.

If the scrip sustains above 1500, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1600.


Trading Strategy for Infosys

For intraday, the crucial level is 1500. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1500 in the upside for a target of 1600. Short if it fails to sustain above 1500 for a target of 1400.


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TECHNICAL OUTLOOK, 11 MAY

Nifty (spot) 3620.70



Nifty Intraday trading levels and range

Today, if Nifty trades above 3660 then it could test 3700 and above this level, it could test 3750.

Instead, if it sustains below 3660, then it could test 3600 and below this level, it could test 3550.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3660. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 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 1900 is crucial for short term. If it sustains above 1900, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1900 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1900. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1900 for a target of 2000. Initiate shorts if it fails to sustain above 1900 for a target of 1700.



SBI (spot)

The crucial level for the short term for this scrip is 1350. If it fails to sustain above 1350, then it is likely to turn bearish and in the down side it could test 1250 in coming trading sessions.

Instead, if it sustains above 1350, then the short term trend would turn bullish and in the upper side it is likely to move towards 1420.


Trading Strategy for SBI

For Intraday, the crucial level is 1350. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1350 for a target of 1250. And initiate longs if it sustains above 1350 for a target of 1420.



Ongc (spot)

The level 880 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 880, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 550 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 550, the short term trend would turn bearish and in the downside it is likely to decline towards 470 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 550. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 550 for a target of 470. Initiate longs if it sustains above 550 for a target of 600.




Infosys (spot)

The crucial level for the scrip in the short term is 1550. The trend would remain bearish for this scrip if it sustains below 1550 and in the down side, it could test 1400 initially.

If the scrip sustains above 1550, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1550. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1550 in the upside for a target of 1650. Short if it fails to sustain above 1550 for a target of 1400.


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TECHNICAL OUTLOOK, 8 MAY

Nifty (spot) 3683.90



Nifty Intraday trading levels and range

Today, if Nifty trades above 3650 then it could test 3700 and above this level, it could test 3750.

Instead, if it sustains below 3650, then it could test 3600.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3650. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 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 1900 is crucial for short term. If it sustains above 1900, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1900 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1900. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1900 for a target of 2000. Initiate shorts if it fails to sustain above 1900 for a target of 1700.



SBI (spot)

The crucial level for the short term for this scrip is 1350. If it fails to sustain above 1350, then it is likely to turn bearish and in the down side it could test 1250 in coming trading sessions.

Instead, if it sustains above 1350, then the short term trend would turn bullish and in the upper side it is likely to move towards 1420.


Trading Strategy for SBI

For Intraday, the crucial level is 1350. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1350 for a target of 1250. And initiate longs if it sustains above 1350 for a target of 1420.



Ongc (spot)

The level 880 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 880, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 550 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 550, the short term trend would turn bearish and in the downside it is likely to decline towards 470 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 550. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 550 for a target of 470. Initiate longs if it sustains above 550 for a target of 600.




Infosys (spot)

The crucial level for the scrip in the short term is 1550. The trend would remain bearish for this scrip if it sustains below 1550 and in the down side, it could test 1400 initially.

If the scrip sustains above 1550, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1550. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1550 in the upside for a target of 1650. Short if it fails to sustain above 1550 for a target of 1400.


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TECHNICAL OUTLOOK, 7 MAY

Nifty (spot) 3654.00



Nifty Intraday trading levels and range

Today, if Nifty trades above 3600 then it could test 3660 and above this level, it could test 3750.

Instead, if it sustains below 3600, then it could test 3525.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3600. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 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 1840 is crucial for short term. If it sustains above 1840, then it is likely to rally towards 1950.

Instead, if it fails to sustain above 1840 in coming trading sessions, then it is likely to turn weak and it could decline towards 1600 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1900. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1840 for a target of 1950. Initiate shorts if it fails to sustain above 1840 for a target of 1600.



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 1400.


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 1400.



Ongc (spot)

The level 880 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 880, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 530 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 570.

Instead, if it fails to sustain above 530, the short term trend would turn bearish and in the downside it is likely to decline towards 470 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 530 for a target of 470. Initiate longs if it sustains above 530 for a target of 570.




Infosys (spot)

The crucial level for the scrip in the short term is 1550. The trend would remain bearish for this scrip if it sustains below 1550 and in the down side, it could test 1400 initially.

If the scrip sustains above 1550, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1550. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1550 in the upside for a target of 1650. Short if it fails to sustain above 1550 for a target of 1400.


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TECHNICAL OUTLOOK, 06 MAY

D Sathia Moorthy


Nifty (spot) 3661.90



Nifty Intraday trading levels and range

Today, if Nifty trades below 3640, then it could test 3600 and below this level it could test 3525.

Instead, if it sustains above 3640, then it could test 3750.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3640. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3750 with a stop at 3600.



Short term Technical View of Nifty


The short term trend is likely to weak and it could test 3300 initially. The level 3600 is crucial for short term. Once it starts trading below 3600, the present rally is likely to be terminated.

Above 3600, it could test 3750.




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 1900 is crucial for short term. If it sustains above 1900, then it is likely to rally towards 1960.

Instead, if it fails to sustain above 1900 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1900 for a target of 1960. Initiate shorts if it fails to sustain above 1900 for a target of 1700.



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 1400.


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 1400.



Ongc (spot)

The level 930 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 960.

If it fails to sustain above 930, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 930 for a target of 750. Initiate longs if it sustains above 930 for a target of 960.





Icici Bank (spot)

The level 550 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 550, the short term trend would turn bearish and in the downside it is likely to decline towards 470 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 550. 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 470. Initiate longs if it sustains above 550 for a target of 600.




Infosys (spot)

The crucial level for the scrip in the short term is 1550. The trend would remain bearish for this scrip if it sustains below 1550 and in the down side, it could test 1400 initially.

If the scrip sustains above 1550, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1550. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1550 in the upside for a target of 1650. Short if it fails to sustain above 1550 for a target of 1400.


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TECHNICAL OUTLOOK, 5 MAY

Nifty (spot) 3654.00



Nifty Intraday trading levels and range

Today, if Nifty trades above 3600 then it could test 3700.

Instead, if it sustains below 3600, then it could test 3525.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3600. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 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 1820 is crucial for short term. If it sustains above 1820, then it is likely to rally towards 1920.

Instead, if it fails to sustain above 1820 in coming trading sessions, then it is likely to turn weak and it could decline towards 1600 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1820. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1820 for a target of 1920. Initiate shorts if it fails to sustain above 1820 for a target of 1600.



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 1400.


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 1400.



Ongc (spot)

The level 880 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 880, 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 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 530 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 570.

Instead, if it fails to sustain above 530, the short term trend would turn bearish and in the downside it is likely to decline towards 470 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 530 for a target of 470. Initiate longs if it sustains above 530 for a target of 570.




Infosys (spot)

The crucial level for the scrip in the short term is 1580. The trend would remain bearish for this scrip if it sustains below 1580 and in the down side, it could test 1400 initially.

If the scrip sustains above 1580, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1580 in the upside for a target of 1650. Short if it fails to sustain above 1580 for a target of 1400.


Visit us at:
www.sathiamoorthy.com

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