Wednesday, September 30, 2009

TECHNICAL OUTLOOK, 30 SEPTEMBER










Nifty (spot) 5006.55



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4980, then it could test 4920 and below that level, it could test 4840.

Instead, if Nifty trades above 4980, then it could test 5020.



The recent trendline drawn from the break out low is already broken, thus negating a running triangle pattern from the break out low, which, indicates short term weakness in the market.







Nifty intraday Trading Strategy

For intraday, the crucial level is 4980. 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 5000 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 5000 levels.




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 5000. 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 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2150 is crucial for short term. If it sustains above 2150, then it is likely to rally towards 2230.

Instead, if it fails to sustain above 2150 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 2150. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2150 for a target of 2230. Initiate shorts if it fails to sustain above 2150 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2170. If it fails to sustain above 2170, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2170, then the short term trend would turn bullish and in the upper side it is likely to move towards 2220.


Trading Strategy for SBI

For Intraday, the crucial level is 2120. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2170 for a target of 1950. And initiate longs if it sustains above 2170 for a target of 2220.



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 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 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 860 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 900.

Instead, if it fails to sustain above 860, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 860 for a target of 800. Initiate longs if it sustains above 860 for a target of 900.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 460 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 460.


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Tuesday, September 29, 2009

TECHNICAL OUTLOOK, 29 SEPTEMBER





Nifty (spot) 4958.95



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4980, then it could test 4920 and below that level, it could test 4840.

Instead, if Nifty trades above 4980, then it could test 5020.



The recent trendline drawn from the break out low is already broken, thus negating a running triangle pattern from the break out low, which, indicates short term weakness in the market.







Nifty intraday Trading Strategy

For intraday, the crucial level is 5020. 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 5000 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 5000 levels.




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 2100 is crucial for short term. If it sustains above 2100, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2100 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 2100. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2100 for a target of 2150. Initiate shorts if it fails to sustain above 2100 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2170. If it fails to sustain above 2170, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2170, then the short term trend would turn bullish and in the upper side it is likely to move towards 2220.


Trading Strategy for SBI

For Intraday, the crucial level is 2170. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2170 for a target of 1950. And initiate longs if it sustains above 2170 for a target of 2220.



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 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 860 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 900.

Instead, if it fails to sustain above 860, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 860 for a target of 800. Initiate longs if it sustains above 860 for a target of 900.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 460 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 460.


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Friday, September 25, 2009

TECHNICAL OUTLOOK, 25 SEPTEMBER




Nifty (spot) 4986.55



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4980, then it could test 4920 and below that level, it could test 4840.

Instead, if Nifty trades above 4980, then it could test 5030.



The recent trendline drawn from the break out low is already broken, thus negating a running triangle pattern from the break out low, which, indicates short term weakness in the market.







Nifty intraday Trading Strategy

For intraday, the crucial level is 4960. 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 5000 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 5000 levels.




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 2100 is crucial for short term. If it sustains above 2100, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2100 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 2100. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2100 for a target of 2150. Initiate shorts if it fails to sustain above 2100 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2170. If it fails to sustain above 2170, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2170, then the short term trend would turn bullish and in the upper side it is likely to move towards 2220.


Trading Strategy for SBI

For Intraday, the crucial level is 2170. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2170 for a target of 1950. And initiate longs if it sustains above 2170 for a target of 2220.



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 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 860 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 900.

Instead, if it fails to sustain above 860, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 860 for a target of 800. Initiate longs if it sustains above 860 for a target of 900.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 460 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 460.


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Thursday, September 24, 2009

TECHNICAL OUTLOOK, 24 SEPTEMBER





Nifty (spot) 4970.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4980, then it could test 4920 and below that level, it could test 4840.

Instead, if Nifty trades above 4980, then it could test 5030.



The recent trendline drawn from the break out low is already broken, thus negating a running triangle pattern from the break out low, which, indicates short term weakness in the market.







Nifty intraday Trading Strategy

For intraday, the crucial level is 4920. 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 5000 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 5000 levels.




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 2100 is crucial for short term. If it sustains above 2100, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2100 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 2100. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2100 for a target of 2150. Initiate shorts if it fails to sustain above 2100 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2170. If it fails to sustain above 2170, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2170, then the short term trend would turn bullish and in the upper side it is likely to move towards 2220.


Trading Strategy for SBI

For Intraday, the crucial level is 2170. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2170 for a target of 1950. And initiate longs if it sustains above 2170 for a target of 2220.



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 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 860 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 900.

Instead, if it fails to sustain above 860, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 860 for a target of 800. Initiate longs if it sustains above 860 for a target of 900.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 460 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 460.


Visit us at:
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Contact:
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Tuesday, September 22, 2009

TECHNICAL OUTLOOK, 22 SEPTEMBER








Nifty (spot) 4821.02



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4980, then it could test 4920 and below that level, it could test 4840.

Instead, if Nifty trades above 4980, then it could test 5030.



Contrary to my expectation, Nifty has broken in the upside. But the break out is not confirmed in heavy weights like Reliance, Ongc, Bhel, Hind Lever, and etc. Another 10 to 15 trading sessions would decide, whether the break out is valid or not.






Nifty intraday Trading Strategy

For intraday, the crucial level is 4980. 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 5000 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 5000 levels.




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 1950 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 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2070. If it fails to sustain above 2070, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2070, then the short term trend would turn bullish and in the upper side it is likely to move towards 2120.


Trading Strategy for SBI

For Intraday, the crucial level is 2070. Trade long above this level and trade short below this level.

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



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 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 885 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 925.

Instead, if it fails to sustain above 885, the short term trend would turn bearish and in the downside it is likely to decline towards 820 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 885 for a target of 820. Initiate longs if it sustains above 885 for a target of 925.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 490 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 490.


Visit us at:
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Friday, September 18, 2009

TECHNICAL OUTLOOK, 18 SEPTEMBER

Nifty (spot) 4821.02



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4980, then it could test 4920 and below that level, it could test 4840.

Instead, if Nifty trades above 4980, then it could test 5030.



A leg has terminated on 14th september. The next leg has opened upside from the low of 4790 levels and if it sustains above that level and moves up steeply, then we are likely to see further upside. Instead, if it just sustains above this level, without moving up rapidly, then a steep fell is likely. The level 4790 is crucial for short term.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4980. 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 5000 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 5000 levels.




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 1950 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 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2070. If it fails to sustain above 2070, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2070, then the short term trend would turn bullish and in the upper side it is likely to move towards 2120.


Trading Strategy for SBI

For Intraday, the crucial level is 2070. Trade long above this level and trade short below this level.

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



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 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 885 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 925.

Instead, if it fails to sustain above 885, the short term trend would turn bearish and in the downside it is likely to decline towards 820 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 885 for a target of 820. Initiate longs if it sustains above 885 for a target of 925.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 490 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 490.


Visit us at:
www.sathiamoorthy.com

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

Thursday, September 17, 2009

TECHNICAL OUTLOOK, 17 SEPTEMBER


Nifty (spot) 4821.02



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4940, then it could test 4850.

Instead, if Nifty trades above 4940, then it could test 5010.



A leg has terminated on 14th september. The next leg has opened upside from the low of 4790 levels and if it sustains above that level and moves up steeply, then we are likely to see further upside. Instead, if it just sustains above this level, without moving up rapidly, then a steep fell is likely. The level 4790 is crucial for short term.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4940. 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 5000 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 5000 levels.




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 2190 is crucial for short term. If it sustains above 2190, then it is likely to rally towards 2250.

Instead, if it fails to sustain above 2190 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 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 2250. Initiate shorts if it fails to sustain above 2190 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 2120. If it fails to sustain above 2120, then it is likely to turn bearish and in the down side it could test 1950 in coming trading sessions.

Instead, if it sustains above 2120, then the short term trend would turn bullish and in the upper side it is likely to move towards 2200.


Trading Strategy for SBI

For Intraday, the crucial level is 2120. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1920 for a target of 1820. And initiate longs if it sustains above 1920 for a target of 1970.



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 250 initially.


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 320 for a target of 250. Initiate longs if it sustains above 320 for a target of 340.





Icici Bank (spot)

The level 885 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 925.

Instead, if it fails to sustain above 885, the short term trend would turn bearish and in the downside it is likely to decline towards 820 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 885 for a target of 820. Initiate longs if it sustains above 885 for a target of 925.




Tata Steel (spot)

The crucial level for the scrip in the short term is 525. The trend would remain bearish for this scrip if it sustains below 525 and in the down side, it could test 490 initially.

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 560. Short if it fails to sustain above 525 for a target of 490.


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Tuesday, September 15, 2009

TECHNICAL OUTLOOK, 15 SEPTEMBER













Nifty (spot) 4821.02



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4790, then it could test 4750 and below that level it could test 4700.

Instead, if Nifty trades above 4790, then it could test 4860.



International Indices are likely to correct 20 to 25 percent from current levels and correction is likely to start in another 10 trading sessions.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4790. 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.




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 2190 is crucial for short term. If it sustains above 2190, then it is likely to rally towards 2250.

Instead, if it fails to sustain above 2190 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 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 2250. Initiate shorts if it fails to sustain above 2190 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 1920. If it fails to sustain above 1920, then it is likely to turn bearish and in the down side it could test 1820 in coming trading sessions.

Instead, if it sustains above 1920, then the short term trend would turn bullish and in the upper side it is likely to move towards 1970.


Trading Strategy for SBI

For Intraday, the crucial level is 1920. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1920 for a target of 1820. And initiate longs if it sustains above 1920 for a target of 1970.



Rcom (spot)

The level 310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 330.

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


Trading Strategy for Rcom


For intraday, the crucial level is 300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 310 for a target of 250. Initiate longs if it sustains above 310 for a target of 330.





Icici Bank (spot)

The level 830 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 850.

Instead, if it fails to sustain above 830, the short term trend would turn bearish and in the downside it is likely to decline towards 775 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 830 for a target of 775. Initiate longs if it sustains above 830 for a target of 850.




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 445 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 445.


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Monday, September 14, 2009

TECHNICAL OUTLOOK, 14 SEPTEMBER









Nifty (spot) 4829.25



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4790, then it could test 4750 and below that level it could test 4700.

Instead, if Nifty trades above 4790, then it could test 4860.



International Indices are likely to correct 20 to 25 percent from current levels and correction is likely to start in another 10 trading sessions.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4790. 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.




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 2190 is crucial for short term. If it sustains above 2190, then it is likely to rally towards 2250.

Instead, if it fails to sustain above 2190 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 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 2250. Initiate shorts if it fails to sustain above 2190 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 1920. If it fails to sustain above 1920, then it is likely to turn bearish and in the down side it could test 1820 in coming trading sessions.

Instead, if it sustains above 1920, then the short term trend would turn bullish and in the upper side it is likely to move towards 1970.


Trading Strategy for SBI

For Intraday, the crucial level is 1920. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1920 for a target of 1820. And initiate longs if it sustains above 1920 for a target of 1970.



Rcom (spot)

The level 310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 330.

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


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 310 for a target of 250. Initiate longs if it sustains above 310 for a target of 330.





Icici Bank (spot)

The level 830 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 850.

Instead, if it fails to sustain above 830, the short term trend would turn bearish and in the downside it is likely to decline towards 775 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 830 for a target of 775. Initiate longs if it sustains above 830 for a target of 850.




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 445 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 445.


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Friday, September 11, 2009

TECHNICAL OUTLOOK, 11 SEPTEMBER







Nifty (spot) 4805.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4790, then it could test 4750 and below that level it could test 4700.

Instead, if Nifty trades above 4790, then it could test 4860.



International Indices are likely to correct 20 to 25 percent from current levels and correction is likely to start in another 10 trading sessions.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4790. 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.




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 2190 is crucial for short term. If it sustains above 2190, then it is likely to rally towards 2250.

Instead, if it fails to sustain above 2190 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 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 2250. Initiate shorts if it fails to sustain above 2190 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 1920. If it fails to sustain above 1920, then it is likely to turn bearish and in the down side it could test 1820 in coming trading sessions.

Instead, if it sustains above 1920, then the short term trend would turn bullish and in the upper side it is likely to move towards 1970.


Trading Strategy for SBI

For Intraday, the crucial level is 1920. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1920 for a target of 1820. And initiate longs if it sustains above 1920 for a target of 1970.



Rcom (spot)

The level 310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 330.

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


Trading Strategy for Rcom


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

Positional traders can initiate shorts if it fails to sustain above 310 for a target of 250. Initiate longs if it sustains above 310 for a target of 330.





Icici Bank (spot)

The level 830 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 850.

Instead, if it fails to sustain above 830, the short term trend would turn bearish and in the downside it is likely to decline towards 775 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 830 for a target of 775. Initiate longs if it sustains above 830 for a target of 850.




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 445 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 445.


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Wednesday, September 09, 2009

TECHNICAL OUTLOOK, 9 SEPTEMBER




Click the charts to enlarge it.



Nifty (spot) 4805.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4820, then it could test 4750 and below that level it could test 4700.

Instead, if Nifty trades above 4820, then it could test 4850.


International Indices are likely to correct 20 to 25 percent from current levels and correction is likely to start in another 10 trading sessions.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4820. 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.




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 2100 is crucial for short term. If it sustains above 2100, then it is likely to rally towards 2150.

Instead, if it fails to sustain above 2100 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 2100. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2100 for a target of 2150. Initiate shorts if it fails to sustain above 2100 for a target of 1950.



SBI (spot)

The crucial level for the short term for this scrip is 1900. If it fails to sustain above 1900, 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 1900, then the short term trend would turn bullish and in the upper side it is likely to move towards 1950.


Trading Strategy for SBI

For Intraday, the crucial level is 1900. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1900 for a target of 1750. And initiate longs if it sustains above 1900 for a target of 1950.



Rcom (spot)

The level 300 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 320.

If it fails to sustain above 300, 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 300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 320.





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 700 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 780 . 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 680. Initiate longs if it sustains above 755 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 420 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 420.


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Tuesday, September 08, 2009

TECHNICAL OUTLOOK, 8 SEPTEMBER



Nifty (spot) 4782.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4750, then it could test 4700 and below that level it coult test 4640.

Instead, if Nifty trades above 4750, then it could test 4830.


International Indices are likely to correct 20 to 25 percent from current levels and correction is likely to start in another 10 trading sessions.




Nifty intraday Trading Strategy

For intraday, the crucial level is 4750. 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.




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 1960 is crucial for short term. If it sustains above 1940, then it is likely to rally towards 2020.

Instead, if it fails to sustain above 1960 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 1995. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1960 for a target of 2020. Initiate shorts if it fails to sustain above 1960 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1775. If it fails to sustain above 1775, 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 1775, 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 1790. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1775 for a target of 1670. And initiate longs if it sustains above 1775 for a target of 1820.



Rcom (spot)

The level 300 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 320.

If it fails to sustain above 300, 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 300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 320.





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 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 755 for a target of 680. Initiate longs if it sustains above 755 for a target of 800.




Tata Steel (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 370 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 445.


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 420 in the upside for a target of 445. Short if it fails to sustain above 420 for a target of 370.


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Monday, September 07, 2009

TECHNICAL OUTLOOK, 6 SEPTEMBER




Nifty (spot) 4680.55



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4680, then it could test 4630 and below that level it coult test 4540.

Instead, if Nifty trades above 4680, then it could test 4730.


International Indices are likely to correct 20 to 25 percent from current levels and correction is likely to start in another 10 trading sessions.




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 1960 is crucial for short term. If it sustains above 1940, then it is likely to rally towards 2020.

Instead, if it fails to sustain above 1960 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 1960. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1960 for a target of 2020. Initiate shorts if it fails to sustain above 1960 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1775. If it fails to sustain above 1775, 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 1775, 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 1775. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1775 for a target of 1670. And initiate longs if it sustains above 1775 for a target of 1820.



Rcom (spot)

The level 300 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 320.

If it fails to sustain above 300, 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 300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 320.





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 700 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 740 . 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 680. Initiate longs if it sustains above 755 for a target of 800.




Tata Steel (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 370 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 445.


Trading Strategy for Tata Steel

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 445. Short if it fails to sustain above 420 for a target of 370.


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Friday, September 04, 2009

TECHNICAL OUTLOOK, 4 SEPTEMBER


Click the Chart to enlarge it



Nifty (spot) 4593.55



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4600, then it could test 4540 and below that level it coult test 4500.

Instead, if Nifty trades above 4600, then it could test 4650.

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 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 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 1940 is crucial for short term. If it sustains above 1940, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1940 in coming trading sessions, then it is likely to turn weak and it could decline towards 1820 initially.

Trading Strategy for Reliance

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

Positional traders can initiate longs if it sustains above 1940 for a target of 2000. Initiate shorts if it fails to sustain above 1940 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1755. If it fails to sustain above 1755, 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 1755, 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 1755. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1755 for a target of 1670. And initiate longs if it sustains above 1755 for a target of 1840.



Rcom (spot)

The level 300 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 320.

If it fails to sustain above 300, 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 300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 320.





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 700 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 740 . 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 680. Initiate longs if it sustains above 755 for a target of 800.




Tata Steel (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 370 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 470.


Trading Strategy for Tata Steel

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 470. Short if it fails to sustain above 420 for a target of 370.


Visit us at:
www.sathiamoorthy.com

Contact:
9381203517
sathiamoorthyd@gmail.com
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Chennai

Thursday, September 03, 2009

TECHNICAL OUTLOOK, 3 SEPTEMBER




Nifty (spot) 4608.35



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4640, then it could test 4540 and below that level it coult test 4500.

Instead, if Nifty trades above 4640, then it could test 4670.

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 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 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 2000 is crucial for short term. If it sustains above 2000, then it is likely to rally towards 2125.

Instead, if it fails to sustain above 2000 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 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 2125. Initiate shorts if it fails to sustain above 2000 for a target of 1820.



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 1670 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 1840.


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 1670. And initiate longs if it sustains above 1750 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 290.

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 270. 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 290.





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 700 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 740 . 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 680. Initiate longs if it sustains above 755 for a target of 800.




Tata Steel (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 370 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 470.


Trading Strategy for Tata Steel

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 470. Short if it fails to sustain above 420 for a target of 370.


Visit us at:
www.sathiamoorthy.com

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