TECHNICAL OUTLOOK, 31 AUGUST

Nifty (spot) 4732.35



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4710, then it could test 4670 and below that level it coult test 4620.

Instead, if Nifty trades above 4710, then it could test 4750.

If Nifty fails to sustain above 4710 in another two trading sessions, then it is likely to test 4500 in another two trading sessions.

International Indices are trading near to this year’s Top. So, soon all the Indices are likely to see a correction and by mid september, they are likely to loose 20 to 25 percent of their values.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4710. 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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4900 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2060 is crucial for short term. If it sustains above 2060, then it is likely to rally towards 2125.

Instead, if it fails to sustain above 2060 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 2060. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2060 for a target of 2125. Initiate shorts if it fails to sustain above 2060 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1800. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 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 1840.


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 1670. And initiate longs if it sustains above 1800 for a target of 1840.



Rcom (spot)

The level 270 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 295.

If it fails to sustain above 270, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 263. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 270 for a target of 200. Initiate longs if it sustains above 270 for a target of 295.





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 700 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 680. 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 445. The trend would remain bearish for this scrip if it sustains below 445 and in the down side, it could test 400 initially.

If the scrip sustains above 445 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 445 in the upside for a target of 470. Short if it fails to sustain above 445 for a target of 400.


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TECHNICAL OUTLOOK, 28 AUGUST

Nifty (spot) 4679.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4680, then it could test 4570 and below that level it coult test 4500.

Instead, if Nifty trades above 4680, then it could test 4710.

If Nifty fails to move above 4730 in another two trading sessions, then it is likely to test 4500 in another two trading sessions.

International Indices are trading near to this year’s Top. So, soon all the Indices are likely to see a correction and by mid september, they are likely to loose 20 to 25 percent of their values.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4680. 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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4900 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2050 is crucial for short term. If it sustains above 2050, then it is likely to rally towards 2125.

Instead, if it fails to sustain above 2050 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 2050. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2050 for a target of 2125. Initiate shorts if it fails to sustain above 2050 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1780. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 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 1840.


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 1670. And initiate longs if it sustains above 1780 for a target of 1840.



Rcom (spot)

The level 270 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 295.

If it fails to sustain above 270, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 266. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 270 for a target of 200. Initiate longs if it sustains above 270 for a target of 295.





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 700 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 680. 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 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

For intraday, the crucial level is 460. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 27 AUGUST

Nifty (spot) 4679.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4680, then it could test 4570 and below that level it coult test 4500.

Instead, if Nifty trades above 4680, then it could test 4710.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4680. 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 4520 for a target of 3900 with a stop at 4520 and trade long above 4520 for a target of 4640 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2050 is crucial for short term. If it sustains above 2050, then it is likely to rally towards 2125.

Instead, if it fails to sustain above 2050 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 2050. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2050 for a target of 2125. Initiate shorts if it fails to sustain above 2050 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1780. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 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 1840.


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 1670. And initiate longs if it sustains above 1780 for a target of 1840.



Rcom (spot)

The level 270 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 295.

If it fails to sustain above 270, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 266. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 270 for a target of 200. Initiate longs if it sustains above 270 for a target of 295.





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 700 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 680. 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 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

For intraday, the crucial level is 460. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 26 AUGUST

Nifty (spot) 4657.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4680, then it could test 4570 and below that level it coult test 4500.

Instead, if Nifty trades above 4680, then it could test 4710.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4680. 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 4520 for a target of 3900 with a stop at 4520 and trade long above 4520 for a target of 4640 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2050 is crucial for short term. If it sustains above 2050, then it is likely to rally towards 2125.

Instead, if it fails to sustain above 2050 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 2050. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2050 for a target of 2125. Initiate shorts if it fails to sustain above 2050 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1780. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 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 1840.


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 1670. And initiate longs if it sustains above 1780 for a target of 1840.



Rcom (spot)

The level 270 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 295.

If it fails to sustain above 270, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 266. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 270 for a target of 200. Initiate longs if it sustains above 270 for a target of 295.





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 700 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 680. 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 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

For intraday, the crucial level is 460. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 25 AUGUST

Nifty (spot) 4625.80



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4640, then it could test 4590 and below that level it coult test 4500.

Instead, if Nifty trades above 4640, then it could test 4680.

If Nifty sustains below 4640 for another two trading sessions, then it is likely to decline towards 4300 by expiry.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4640. 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 4520 for a target of 3900 with a stop at 4520 and trade long above 4520 for a target of 4640 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1925 is crucial for short term. If it sustains above 1925, then it is likely to rally towards 1975.

Instead, if it fails to sustain above 1925 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 1925. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1925 for a target of 1975. Initiate shorts if it fails to sustain above 1925 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1760. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 in coming trading sessions.

Instead, if it sustains above 1760, then the short term trend would turn bullish and in the upper side it is likely to move towards 1840.


Trading Strategy for SBI

For Intraday, the crucial level is 1760. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1760 for a target of 1670. And initiate longs if it sustains above 1760 for a target of 1840.



Rcom (spot)

The level 255 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 255, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 255. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 200. Initiate longs if it sustains above 255 for a target of 275.





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 770.

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 680 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 735 for a target of 680. Initiate longs if it sustains above 735 for a target of 770.




Tata Steel (spot)

The crucial level for the scrip in the short term is 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

For intraday, the crucial level is 460. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 24 AUGUST

Nifty (spot) 4399.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4520, then it could test 4500.

Instead, if Nifty trades above 4520, then it could test 4640.

If Nifty sustains below 4640 for another two trading sessions, then it is likely to decline towards 4300 in coming trading sessions.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4540. 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 4520 for a target of 3900 with a stop at 4520 and trade long above 4520 for a target of 4640 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1925 is crucial for short term. If it sustains above 1925, then it is likely to rally towards 1975.

Instead, if it fails to sustain above 1925 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 1925. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1925 for a target of 1975. Initiate shorts if it fails to sustain above 1925 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1760. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 in coming trading sessions.

Instead, if it sustains above 1760, then the short term trend would turn bullish and in the upper side it is likely to move towards 1840.


Trading Strategy for SBI

For Intraday, the crucial level is 1760. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1760 for a target of 1670. And initiate longs if it sustains above 1760 for a target of 1840.



Rcom (spot)

The level 255 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 255, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 200. Initiate longs if it sustains above 255 for a target of 275.





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 770.

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 680 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 680. Initiate longs if it sustains above 735 for a target of 770.




Tata Steel (spot)

The crucial level for the scrip in the short term is 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 20 AUGUST

Click the image to enlarge it

Nifty (spot) 4399.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4440, then it could test 4300 and below this level it could test 4270.

Instead, if Nifty trades above 4440, then it could test 4480.

If Nifty sustains below 4520 for another two trading sessions, then it is likely to decline towards 4300 in coming trading sessions.

Nifty is likely to test 4000 by this month end.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4440. 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 4520 for a target of 3900 with a stop at 4520 and trade long above 4520 for a target of 4700 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1925 is crucial for short term. If it sustains above 1925, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1925 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 1925. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1925 for a target of 2000. Initiate shorts if it fails to sustain above 1925 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1715. If it fails to sustain above 1715, then it is likely to turn bearish and in the down side it could test 1670 in coming trading sessions.

Instead, if it sustains above 1715, 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 1715. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1715 for a target of 1670. And initiate longs if it sustains above 1715 for a target of 8000.



Rcom (spot)

The level 255 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 255, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 200. Initiate longs if it sustains above 255 for a target of 275.





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 760.

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 680 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 680. Initiate longs if it sustains above 735 for a target of 780.




Tata Steel (spot)

The crucial level for the scrip in the short term is 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 19 AUGUST

Nifty (spot) 4458.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4490, then it could test 4390 and below this level it could test 4330.

Instead, if Nifty trades above 4490, then it could test 4520.

If Nifty sustains below 4520 for another two trading sessions, then it is likely to decline towards 4300 in coming trading sessions.

Nifty is likely to test 4000 by this month end.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4490. 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 4520 for a target of 3900 with a stop at 4520 and trade long above 4520 for a target of 4700 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1955 is crucial for short term. If it sustains above 1955, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1955 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 1955. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1955 for a target of 2000. Initiate shorts if it fails to sustain above 1955 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1760. If it fails to sustain above 1760, then it is likely to turn bearish and in the down side it could test 1670 in coming trading sessions.

Instead, if it sustains above 1760, 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 1760. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1760 for a target of 1670. And initiate longs if it sustains above 1760 for a target of 8000.



Rcom (spot)

The level 255 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 255, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 255. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 200. Initiate longs if it sustains above 255 for a target of 275.





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 760.

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 680 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 680. Initiate longs if it sustains above 735 for a target of 780.




Tata Steel (spot)

The crucial level for the scrip in the short term is 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 18 AUGUST

Nifty (spot) 4387.80



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4425, then it could test 4340 and below this level it could test 4300.

Instead, if Nifty trades above 4425, then it could test 4480.

If Nifty sustains above 4300 today, then it is likely to rally towards 4425 or 4480 in another two trading sessions.

Nifty is likely to test 4000 by this month end.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4425. Trade short below this level till 4300 and trade long above this level til 4480.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 4500 for a target of 3900 with a stop at 4500 and trade long above 4500 for a target of 4700 with a stop at 4500.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

Going by the price pattern, Nifty is likely to test 3800 level by middle of september.






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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1970.

Instead, if it fails to sustain above 1890 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 1890. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1890 for a target of 1970. Initiate shorts if it fails to sustain above 1890 for a target of 1820.



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 1670 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 1670. And initiate longs if it sustains above 1730 for a target of 1770.



Rcom (spot)

The level 255 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 255, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 240. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 200. Initiate longs if it sustains above 255 for a target of 275.





Icici Bank (spot)

The level 680 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 720.

Instead, if it fails to sustain above 680, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 680 for a target of 650. Initiate longs if it sustains above 680 for a target of 720.




Tata Steel (spot)

The crucial level for the scrip in the short term is 445. The trend would remain bearish for this scrip if it sustains below 445 and in the down side, it could test 400 initially.

If the scrip sustains above 445 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 465.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 445 in the upside for a target of 465. Short if it fails to sustain above 445 for a target of 400.


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TECHNICAL OUTLOOK, 17 AUGUST

Nifty (spot) 4580.05



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4560, then it could test 4520 and below this level it could test 4450.

Instead, if Nifty trades above 4560, then it could test 4610.

If Nifty tests 4350 in another 2 trading sessions, then it could test 4000 by this month end.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4520. 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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4850 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4720. 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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2030 is crucial for short term. If it sustains above 2030, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2030 in coming trading sessions, then it is likely to turn weak and it could decline towards 1920 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2030. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2030 for a target of 2150. Initiate shorts if it fails to sustain above 2030 for a target of 1920.



SBI (spot)

The crucial level for the short term for this scrip is 1830. If it fails to sustain above 1830, then it is likely to turn bearish and in the down side it could test 1700 in coming trading sessions.

Instead, if it sustains above 1830, 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 1775. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1830 for a target of 1700. And initiate longs if it sustains above 1830 for a target of 1900.



Rcom (spot)

The level 265 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 275.

If it fails to sustain above 265, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 258. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 265 for a target of 200. Initiate longs if it sustains above 265 for a target of 270.





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 870.

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 680 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 750 for a target of 680. Initiate longs if it sustains above 750 for a target of 770.




Tata Steel (spot)

The crucial level for the scrip in the short term is 465. The trend would remain bearish for this scrip if it sustains below 465 and in the down side, it could test 400 initially.

If the scrip sustains above 465 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 485.


Trading Strategy for Tata Steel

For intraday, the crucial level is 465. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 465 in the upside for a target of 485. Short if it fails to sustain above 465 for a target of 400.


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TECHNICAL OUTLOOK, 14 AUGUST

Nifty (spot) 4605.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4640, then it could test 4500.

Instead, if Nifty trades above 4640, then it could test 4700.

If Nifty fails to sustain above 4640, then it could test 4500 in another two trading sessions.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4640. 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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4850 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4720. 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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2030 is crucial for short term. If it sustains above 2030, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2030 in coming trading sessions, then it is likely to turn weak and it could decline towards 1920 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2030. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2030 for a target of 2150. Initiate shorts if it fails to sustain above 2030 for a target of 1920.



SBI (spot)

The crucial level for the short term for this scrip is 1830. If it fails to sustain above 1830, then it is likely to turn bearish and in the down side it could test 1700 in coming trading sessions.

Instead, if it sustains above 1830, 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 1830. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1830 for a target of 1700. And initiate longs if it sustains above 1830 for a target of 1900.



Rcom (spot)

The level 265 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 275.

If it fails to sustain above 265, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 265 for a target of 200. Initiate longs if it sustains above 265 for a target of 270.





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 680 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 680. Initiate longs if it sustains above 770 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 480. The trend would remain bearish for this scrip if it sustains below 480 and in the down side, it could test 400 initially.

If the scrip sustains above 480 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 500.


Trading Strategy for Tata Steel

For intraday, the crucial level is 480. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 480 in the upside for a target of 500. Short if it fails to sustain above 480 for a target of 400.


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TECHNICAL OUTLOOK, 13 AUGUST

Nifty (spot) 4457.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4450, then it could test 4400.

Instead, if Nifty trades above 4450, then it could test 4500 and above that level it could test 4550.

If Nifty fails to sustain above 4550 for another three trading sessions, then it is likely to move below 4000 by this month end .



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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4850 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4720. 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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2030 is crucial for short term. If it sustains above 2030, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2030 in coming trading sessions, then it is likely to turn weak and it could decline towards 1920 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1980. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2030 for a target of 2150. Initiate shorts if it fails to sustain above 2030 for a target of 1920.



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 1620 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 1780.


Trading Strategy for SBI

For Intraday, the crucial level is 1670. 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 1620. And initiate longs if it sustains above 1730 for a target of 1780.



Rcom (spot)

The level 255 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 270.

If it fails to sustain above 255, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 255. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 255 for a target of 200. Initiate longs if it sustains above 255 for a target of 270.





Icici Bank (spot)

The level 725 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 750.

Instead, if it fails to sustain above 725, the short term trend would turn bearish and in the downside it is likely to decline towards 680 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 725 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 725 for a target of 680. Initiate longs if it sustains above 725 for a target of 750.




Tata Steel (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.

If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 470. Short if it fails to sustain above 450 for a target of 400.


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TECHNICAL OUTLOOK, 12 AUGUST

Nifty (spot) 4471.35



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4450, then it could test 4360 and below that level it could test 4300.

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

If Nifty fails to move above 4500 in another three trading sessions, then it is likely to move below 4000 by this month end .



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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4850 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4720. 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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2030 is crucial for short term. If it sustains above 2030, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2030 in coming trading sessions, then it is likely to turn weak and it could decline towards 1920 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1980. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2030 for a target of 2150. Initiate shorts if it fails to sustain above 2030 for a target of 1920.



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 1620 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 1780.


Trading Strategy for SBI

For Intraday, the crucial level is 1670. 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 1620. And initiate longs if it sustains above 1730 for a target of 1780.



Rcom (spot)

The level 265 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.

If it fails to sustain above 265, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 255. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 265 for a target of 200. Initiate longs if it sustains above 265 for a target of 300.





Icici Bank (spot)

The level 725 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 725, the short term trend would turn bearish and in the downside it is likely to decline towards 680 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 725 for a target of 680. Initiate longs if it sustains above 725 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.

If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 470. Short if it fails to sustain above 450 for a target of 400.


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TECHNICAL OUTLOOK, 11 AUGUST

Nifty (spot) 4684.80



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4450, then it could test 4360 and below that level it could test 4300.

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

If Nifty fails to sustain below 4360, then a pull back rally towards 4500 is likely.



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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4850 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4720. 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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2030 is crucial for short term. If it sustains above 2030, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2030 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 1950. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2030 for a target of 2150. Initiate shorts if it fails to sustain above 2030 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 1620 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 1780.


Trading Strategy for SBI

For Intraday, the crucial level is 1670. 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 1620. And initiate longs if it sustains above 1730 for a target of 1780.



Rcom (spot)

The level 265 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.

If it fails to sustain above 265, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 255. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 265 for a target of 200. Initiate longs if it sustains above 265 for a target of 300.





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 800.

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 700 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 700. Initiate longs if it sustains above 750 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.

If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 470. Short if it fails to sustain above 450 for a target of 400.


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TECHNICAL OUTLOOK, 10 AUGUST

Nifty (spot) 4684.80



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4530, then it could test 4450 and below that level it could test 4400.

Instead, if Nifty trades above 4530, then it could test 4600.



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 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 4850 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 4850 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4720. 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 4900. 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, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2055 is crucial for short term. If it sustains above 2055, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2080 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 2025. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2055 for a target of 2150. Initiate shorts if it fails to sustain above 2055 for a target of 1900.



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 1620 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 1830.


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 1620. And initiate longs if it sustains above 1780 for a target of 1830.



Rcom (spot)

The level 265 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.

If it fails to sustain above 265, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 265 for a target of 200. Initiate longs if it sustains above 265 for a target of 300.





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 800.

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 700 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 750 for a target of 700. Initiate longs if it sustains above 750 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.

If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 470. Short if it fails to sustain above 450 for a target of 400.


Visit us at:
www.sathiamoorthy.com

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