Tuesday, June 30, 2009

TECHNICAL OUTLOOK, 30 JUNE










Nifty (spot) 4390.95



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4410, then it could test 4350 and below this level, it could test 4300.

Instead, if Nifty trades above 4410, then it could test 4450.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4410. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.

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 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years 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 2070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.

Instead, if it fails to sustain above 2070 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2070. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 1780. If it fails to sustain above 1780, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.

Instead, if it sustains above 1780, 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 1780. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1780 for a target of 1600. And initiate longs if it sustains above 1780 for a target of 1820.



Rcom (spot)

The level 315 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 315, 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 315. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 315 for a target of 250. Initiate longs if it sustains above 315 for a target of 350.





Icici Bank (spot)

The level 775 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 775, the short term trend would turn bearish and in the downside it is likely to decline towards 715 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 775 for a target of 715. Initiate longs if it sustains above 775 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 410. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, it could test 350 initially.

If the scrip sustains above 410 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 410 in the upside for a target of 450. Short if it fails to sustain above 410 for a target of 350.


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Monday, June 29, 2009

TECHNICAL OUTLOOK, 29 JUNE







Nifty (spot) 4375.50



Nifty Intraday trading levels and range


Today, if it sustains below 4330, then it could test 4300 and below this level, it could test 4250.

Instead, if Nifty trades above 4330, then it could test 4400.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4330. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.

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 2070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.

Instead, if it fails to sustain above 2070 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2070. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 1780. If it fails to sustain above 1780, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.

Instead, if it sustains above 1780, 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 1780. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1780 for a target of 1600. And initiate longs if it sustains above 1780 for a target of 1820.



Rcom (spot)

The level 315 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 315, 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 315. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 315 for a target of 250. Initiate longs if it sustains above 315 for a target of 350.





Icici Bank (spot)

The level 775 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 775, the short term trend would turn bearish and in the downside it is likely to decline towards 715 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 775 for a target of 715. Initiate longs if it sustains above 775 for a target of 800.




M & M (spot)

The crucial level for the scrip in the short term is 715. The trend would remain bearish for this scrip if it sustains below 715 and in the down side, it could test 650 initially.

If the scrip sustains above 715 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 750.


Trading Strategy for M & M

For intraday, the crucial level is 715. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 715 in the upside for a target of 750. Short if it fails to sustain above 715 for a target of 650.


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Friday, June 26, 2009

TECHNICAL OUTLOOK, 26 JUNE










Nifty (spot) 4241.85



Nifty Intraday trading levels and range


Today, if it sustains below 4290, then it could test 4200 and below this level, it could test 4130.

Instead, if Nifty trades above 4290, then it could test 4350.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4290. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4350 in coming trading sessions.

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 2000 is crucial for short term. If it sustains above 2000, then it is likely to rally towards 2070.

Instead, if it fails to sustain above 2000 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2000. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2000 for a target of 2070. Initiate shorts if it fails to sustain above 2000 for a target of 1850.



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 1500 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 1750.


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 1500. And initiate longs if it sustains above 1680 for a target of 1750.



Rcom (spot)

The level 315 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 315, 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 315. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 315 for a target of 250. Initiate longs if it sustains above 315 for a target of 350.





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 755.

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 is 715 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735 for a target of 650. Initiate longs if it sustains above 735 for a target of 775.




LIC Housing Finance (spot)

The crucial level for the scrip in the short term is 670. The trend would remain bearish for this scrip if it sustains below 670 and in the down side, it could test 580 initially.

If the scrip sustains above 670, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 700.


Trading Strategy for LIC Housing

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

Positional traders can initiate longs if the scrip sustains above 670 in the upside for a target of 700. Short if it fails to sustain above 670 for a target of 580.


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Wednesday, June 24, 2009

TECHNICAL OUTLOOK, 24 JUNE








Nifty (spot) 4247.40



Nifty Intraday trading levels and range


Today, if it sustains below 4250, then it could test 4200 and below this level, it could test 4100.

Instead, if Nifty trades above 4250, then it could test 4275.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4200. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4350 in coming trading sessions.

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 12070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.

Instead, if it fails to sustain above 2070 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2070. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 for a target of 1850.



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 1500 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 1750.


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 1500. And initiate longs if it sustains above 1680 for a target of 1750.



Rcom (spot)

The level 305 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 305, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 305 for a target of 250. Initiate longs if it sustains above 305 for a target of 350.





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 755.

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 is 715 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735 for a target of 650. Initiate longs if it sustains above 735 for a target of 775.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 915. The trend would remain bearish for this scrip if it sustains below 915 and in the down side, it could test 800 initially.

If the scrip sustains above 915, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 965.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 885. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 915 in the upside for a target of 965. Short if it fails to sustain above 915 for a target of 800.


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Tuesday, June 23, 2009

TECHNICAL OUTLOOK, 23 JUNE








Nifty (spot) 4251.40



Nifty Intraday trading levels and range


Today, if it sustains below 4200, then it could test 4100 and below this level, it could test 4050.

Instead, if Nifty trades above 4200, then it could test 4275.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4200. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4350 in coming trading sessions.

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 1990 is crucial for short term. If it sustains above 1990, then it is likely to rally towards 2070.

Instead, if it fails to sustain above 1990 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1990. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1990 for a target of 2070. Initiate shorts if it fails to sustain above 1990 for a target of 1850.



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 1500 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 1750.


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 1500. And initiate longs if it sustains above 1680 for a target of 1750.



Rcom (spot)

The level 305 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 305, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 305 for a target of 250. Initiate longs if it sustains above 305 for a target of 350.





Icici Bank (spot)

The level 735 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 755.

Instead, if it fails to sustain above 735, 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 is 735 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735 for a target of 650. Initiate longs if it sustains above 735 for a target of 775.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 915. The trend would remain bearish for this scrip if it sustains below 915 and in the down side, it could test 800 initially.

If the scrip sustains above 915, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 965.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 885. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 915 in the upside for a target of 965. Short if it fails to sustain above 915 for a target of 800.


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Monday, June 22, 2009

TECHNICAL OUTLOOK, 22 JUNE














Nifty (spot) 4251.40



Nifty Intraday trading levels and range


Today, if it sustains below 4275, then it could test 4200 and below this level, it could test 4100.

Instead, if Nifty trades above 4275, then it could test 4350.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4275. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4350 in coming trading sessions.

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 2070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.

Instead, if it fails to sustain above 2070 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 2070. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 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 1500 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 1800.


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 1500. And initiate longs if it sustains above 1750 for a target of 1800.



Rcom (spot)

The level 315 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 315, 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 315. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 315 for a target of 250. Initiate longs if it sustains above 315 for a target of 350.





Icici Bank (spot)

The level 735 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 755.

Instead, if it fails to sustain above 735, 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 is 735 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735 for a target of 650. Initiate longs if it sustains above 735 for a target of 775.




DLF (spot)

The crucial level for the scrip in the short term is 340. The trend would remain bearish for this scrip if it sustains below 340 and in the down side, it could test 280 initially.

If the scrip sustains above 340, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 365.


Trading Strategy for DLF

For intraday, the crucial level is 340. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 340 in the upside for a target of 365. Short if it fails to sustain above 340 for a target of 280.


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Friday, June 19, 2009

TECHNICAL OUTLOOK, 19 JUNE







Nifty (spot) 4251.40



Nifty Intraday trading levels and range


Today, if it sustains below 4300, then it could test 4200 and below this level, it could test 4100.

Instead, if Nifty trades above 4300, then it could test 4350.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4300. 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


Nifty is likely to test 4000 initially in the downside, if it fails to move above 4350 in coming trading sessions.

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 2070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.

Instead, if it fails to sustain above 2070 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 2070. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 1730. If it fails to sustain above 1730, then it is likely to turn bearish and in the down side it could test 1500 in coming trading sessions.

Instead, if it sustains above 1730, then the short term trend would turn bullish and in the upper side it is likely to move towards 1770.


Trading Strategy for SBI

For Intraday, the crucial level is 1730. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1730 for a target of 1500. And initiate longs if it sustains above 1730 for a target of 1770.



Rcom (spot)

The level 315 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 350.

If it fails to sustain above 315, 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 315. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 315 for a target of 250. Initiate longs if it sustains above 315 for a target of 350.





Icici Bank (spot)

The level 735 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 755.

Instead, if it fails to sustain above 735, 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 is 715 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735 for a target of 650. Initiate longs if it sustains above 735 for a target of 775.




DLF (spot)

The crucial level for the scrip in the short term is 340. The trend would remain bearish for this scrip if it sustains below 340 and in the down side, it could test 280 initially.

If the scrip sustains above 340, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 365.


Trading Strategy for DLF

For intraday, the crucial level is 340. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 340 in the upside for a target of 365. Short if it fails to sustain above 340 for a target of 280.


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Wednesday, June 17, 2009

TECHNICAL OUTLOOK, 17 JUNE














Nifty (spot) 4483.40



Nifty Intraday trading levels and range


Today, if it sustains below 4530, then it could test 4400 and below this level, it could test 4300.

Instead, if Nifty trades above 4530, then it could test 4560.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4530. 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


Nifty is likely to test 4350 initially in the downside, if it fails to move above 4600 in coming trading sessions.
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 21900 is crucial for short term. If it sustains above 2190, then it is likely to rally towards 2300.

Instead, if it fails to sustain above 2190 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2190. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2190 for a target of 2300. Initiate shorts if it fails to sustain above 2190 for a target of 2000.



SBI (spot)

The crucial level for the short term for this scrip is 1730. If it fails to sustain above 1730, then it is likely to turn bearish and in the down side it could test 1500 in coming trading sessions.

Instead, if it sustains above 1730, then the short term trend would turn bullish and in the upper side it is likely to move towards 1770.


Trading Strategy for SBI

For Intraday, the crucial level is 1730. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1730 for a target of 1500. And initiate longs if it sustains above 1730 for a target of 1770.



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 350.

If it fails to sustain above 330, then the trend would turn bearish and in the downside it is likely to decline towards 280 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 280. Initiate longs if it sustains above 330 for a target of 350.





Icici Bank (spot)

The level 755 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 755, 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 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 755 for a target of 650. Initiate longs if it sustains above 755 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 360. The trend would remain bearish for this scrip if it sustains below 360 and in the down side, it could test 300 initially.

If the scrip sustains above 360, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 385.


Trading Strategy for DLF

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

Positional traders can initiate longs if the scrip sustains above 360 in the upside for a target of 385. Short if it fails to sustain above 360 for a target of 300.


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Tuesday, June 16, 2009

TECHNICAL OUTLOOK, 16 JUNE






Nifty (spot) 4583.40



Nifty Intraday trading levels and range


Today, if it sustains below 4530, then it could test 4400 and below this level, it could test 4300.

Instead, if Nifty trades above 4530, then it could test 4570.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4530. 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


Nifty is likely to test 4350 initially in the downside, if it fails to move above 4600 in coming trading sessions.
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 2230 is crucial for short term. If it sustains above 2230, then it is likely to rally towards 2300.

Instead, if it fails to sustain above 2230 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2230. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2230 for a target of 2300. Initiate shorts if it fails to sustain above 2230 for a target of 2000.



SBI (spot)

The crucial level for the short term for this scrip is 1670. If it fails to sustain above 1670, then it is likely to turn bearish and in the down side it could test 1500 in coming trading sessions.

Instead, if it sustains above 1670, then the short term trend would turn bullish and in the upper side it is likely to move towards 1750.


Trading Strategy for SBI

For Intraday, the crucial level is 1630. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1670 for a target of 1500. And initiate longs if it sustains above 1670 for a target of 1750.



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 350.

If it fails to sustain above 330, then the trend would turn bearish and in the downside it is likely to decline towards 280 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 280. Initiate longs if it sustains above 330 for a target of 350.





Icici Bank (spot)

The level 755 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 755, 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 is 755 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 755 for a target of 650. Initiate longs if it sustains above 755 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 360. The trend would remain bearish for this scrip if it sustains below 360 and in the down side, it could test 300 initially.

If the scrip sustains above 360, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 385.


Trading Strategy for DLF

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

Positional traders can initiate longs if the scrip sustains above 360 in the upside for a target of 385. Short if it fails to sustain above 360 for a target of 300.


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Monday, June 15, 2009

TECHNICAL OUTLOOK, 15 JUNE


Nifty (spot) 4583.40



Nifty Intraday trading levels and range

Today, if Nifty trades above 4600, then it could test 4625.

Instead, if it sustains below 4600, then it could test 4550 and below this level, it could test 4450.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4600. 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


Nifty is likely to test 4350 initially in the downside, if it fails to move above 4600 in coming trading sessions.
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 2320 is crucial for short term. If it sustains above 2320, then it is likely to rally towards 2400.

Instead, if it fails to sustain above 2320 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2320. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2320 for a target of 2400. Initiate shorts if it fails to sustain above 2320 for a target of 2000.



SBI (spot)

The crucial level for the short term for this scrip is 1670. If it fails to sustain above 1670, then it is likely to turn bearish and in the down side it could test 1500 in coming trading sessions.

Instead, if it sustains above 1670, then the short term trend would turn bullish and in the upper side it is likely to move towards 1750.


Trading Strategy for SBI

For Intraday, the crucial level is 1630. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1670 for a target of 1500. And initiate longs if it sustains above 1670 for a target of 1750.



Rcom (spot)

The level 340 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 390.

If it fails to sustain above 340, then the trend would turn bearish and in the downside it is likely to decline towards 280 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 340. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 340 for a target of 280. Initiate longs if it sustains above 340 for a target of 390.





Icici Bank (spot)

The level 770 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 770, 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 is 750 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 770 for a target of 650. Initiate longs if it sustains above 770 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 385. The trend would remain bearish for this scrip if it sustains below 385 and in the down side, it could test 330 initially.

If the scrip sustains above 385, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.


Trading Strategy for DLF

For intraday, the crucial level is 385. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 385 in the upside for a target of 430. Short if it fails to sustain above 383 for a target of 330.


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Friday, June 12, 2009

TECHNICAL OUTLOOK, 12 JUNE




Nifty (spot) 4637.70



Nifty Intraday trading levels and range

Today, if Nifty trades above 4675, then it could test 4710.

Instead, if it sustains below 4675, then it could test 4550.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4675. 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 2320 is crucial for short term. If it sustains above 2320, then it is likely to rally towards 2400.

Instead, if it fails to sustain above 2320 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2320. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2320 for a target of 2400. Initiate shorts if it fails to sustain above 2320 for a target of 2000.



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 1820.


Trading Strategy for SBI

For Intraday, the crucial level is 1710. 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 1820.



Rcom (spot)

The level 360 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 390.

If it fails to sustain above 360, then the trend would turn bearish and in the downside it is likely to decline towards 280 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 360 for a target of 280. Initiate longs if it sustains above 360 for a target of 390.





Icici Bank (spot)

The level 770 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 770, 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 is 770 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 770 for a target of 650. Initiate longs if it sustains above 770 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 405. The trend would remain bearish for this scrip if it sustains below 405 and in the down side, it could test 360 initially.

If the scrip sustains above 405, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.


Trading Strategy for DLF

For intraday, the crucial level is 430. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 405 in the upside for a target of 430. Short if it fails to sustain above 405 for a target of 360.


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Thursday, June 11, 2009

TECHNICAL OUTLOOK, 11 JUNE


Nifty (spot) 4655.25



Nifty Intraday trading levels and range

Today, if Nifty trades above 4675, then it could test 4710.

Instead, if it sustains below 4675, then it could test 4560 and below that level it could test 4500.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4675. 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 2320 is crucial for short term. If it sustains above 2320, then it is likely to rally towards 2400.

Instead, if it fails to sustain above 2320 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2320. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2320 for a target of 2400. Initiate shorts if it fails to sustain above 2320 for a target of 2000.



SBI (spot)

The crucial level for the short term for this scrip is 1820. If it fails to sustain above 1820, 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 1820, 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 1820 for a target of 1550. And initiate longs if it sustains above 1820 for a target of 1900.



Rcom (spot)

The level 340 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 340, then the trend would turn bearish and in the downside it is likely to decline towards 280 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 340. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 340 for a target of 280. Initiate longs if it sustains above 340 for a target of 360.





Icici Bank (spot)

The level 770 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 770, 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 is 770 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 770 for a target of 650. Initiate longs if it sustains above 770 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 430. The trend would remain bearish for this scrip if it sustains below 430 and in the down side, it could test 380 initially.

If the scrip sustains above 430, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.


Trading Strategy for DLF

For intraday, the crucial level is 430. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 430 in the upside for a target of 450. Short if it fails to sustain above 430 for a target of 380.


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Wednesday, June 10, 2009

TECHNICAL OUTLOOK, 10 JUNE


Nifty (spot) 4586.90



Nifty Intraday trading levels and range

Today, if Nifty trades above 4570, then it could test 4620.

Instead, if it sustains below 4570, then it could test 4500 and below that level it could test .


Nifty intraday Trading Strategy

For intraday, the crucial level is 4570. 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 2320 is crucial for short term. If it sustains above 2320, then it is likely to rally towards 2400.

Instead, if it fails to sustain above 2320 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2320. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2320 for a target of 2400. Initiate shorts if it fails to sustain above 2320 for a target of 2000.



SBI (spot)

The crucial level for the short term for this scrip is 1820. If it fails to sustain above 1820, 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 1820, 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 1820. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1820 for a target of 1550. And initiate longs if it sustains above 1820 for a target of 1900.



Rcom (spot)

The level 340 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 340, then the trend would turn bearish and in the downside it is likely to decline towards 280 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 340. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 340 for a target of 280. Initiate longs if it sustains above 340 for a target of 360.





Icici Bank (spot)

The level 770 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 770, 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 is 770 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 770 for a target of 650. Initiate longs if it sustains above 770 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 430. The trend would remain bearish for this scrip if it sustains below 430 and in the down side, it could test 380 initially.

If the scrip sustains above 430, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.


Trading Strategy for DLF

For intraday, the crucial level is 430. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 430 in the upside for a target of 450. Short if it fails to sustain above 430 for a target of 380.


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Tuesday, June 09, 2009

TECHNICAL OUTLOOK, 9 JUNE




Nifty (spot) 4586.90



Nifty Intraday trading levels and range

Today, if Nifty trades above 4450, then it could test 4500.

Instead, if it sustains below 4450, then it could test 4310.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4450. 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 2180 is crucial for short term. If it sustains above 2180, then it is likely to rally towards 2230.

Instead, if it fails to sustain above 2180 in coming trading sessions, then it is likely to turn weak and it could decline towards 2000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2180. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2180 for a target of 2230. Initiate shorts if it fails to sustain above 2180 for a target of 2000.



SBI (spot)

The crucial level for the short term for this scrip is 1720. If it fails to sustain above 1720, 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 1720, then the short term trend would turn bullish and in the upper side it is likely to move towards 1770.


Trading Strategy for SBI

For Intraday, the crucial level is 1720. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1720 for a target of 1550. And initiate longs if it sustains above 1720 for a target of 1770.



Rcom (spot)

The level 320 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 340.

If it fails to sustain above 320, then the trend would turn bearish and in the downside it is likely to decline towards 280 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 320. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 280. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 735 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 755.

Instead, if it fails to sustain above 735, 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 is 735 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 735 for a target of 650. Initiate longs if it sustains above 735 for a target of 755.




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 380 and in the down side, it could test 330 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 405.


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 405. Short if it fails to sustain above 380 for a target of 330.


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Monday, June 08, 2009

TECHNICAL OUTLOOK, 8 JUNE




Nifty (spot) 4530.70



Nifty Intraday trading levels and range

Today, if Nifty trades above 4615, then it could test 4650.

Instead, if it sustains below 4615, then it could test 4510.


Nifty intraday Trading Strategy

For intraday, the crucial level is 4615. 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 2350.

Instead, if it fails to sustain above 2250 in coming trading sessions, then it is likely to turn weak and it could decline towards 2150 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 2350. Initiate shorts if it fails to sustain above 2250 for a target of 2150.



SBI (spot)

The crucial level for the short term for this scrip is 1870. If it fails to sustain above 1870, 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 1870, then the short term trend would turn bullish and in the upper side it is likely to move towards 2000.


Trading Strategy for SBI

For Intraday, the crucial level is 1870. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1870 for a target of 1750. And initiate longs if it sustains above 1870 for a target of 2000.



Rcom (spot)

The level 335 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 355.

If it fails to sustain above 335, then the trend would turn bearish and in the downside it is likely to decline towards 290 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 335. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 335 for a target of 280. Initiate longs if it sustains above 335 for a target of 355.





Icici Bank (spot)

The level 765 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 765, 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 is 765 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 765 for a target of 650. Initiate longs if it sustains above 765 for a target of 800.




DLF (spot)

The crucial level for the scrip in the short term is 420. The trend would remain bearish for this scrip if it sustains below 420 and in the down side, it could test 350 initially.

If the scrip sustains above 420, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 440.


Trading Strategy for DLF

For intraday, the crucial level is 420. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 420 in the upside for a target of 440. Short if it fails to sustain above 420 for a target of 350.


Visit us at:
www.sathiamoorthy.com

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