TECHNICAL OUTLOOK, 27 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2785.65



Nifty Intraday trading levels and range

Today, if Nifty trades below 2760 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2760, then it could test 2800.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2760. 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 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1340.

Instead, if it fails to sustain above 1290 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1275. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1340. Initiate shorts if it fails to sustain above 1300 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1040. If it fails to sustain above 1040, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1040, then the short term trend would turn bullish and in the upper side it is likely to move towards 1080.


Trading Strategy for SBI

For Intraday, the crucial level is 1020. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1040 for a target of 900. And initiate longs if it sustains above 1040 for a target of 1080.



Infosys (spot)

The level 1250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.

If it fails to sustain above 1250, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1220. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1300.





Maruti (spot)

The level 720 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 750.

Instead, if it fails to sustain above 720, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.



Trading Strategy for Maruti

For intraday, the crucial level is 675. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 720 for a target of 550. Initiate longs if it sustains above 720 for a target of 750.




Ongc (spot)

The crucial level for the scrip in the short term is 750. The trend would remain bearish for this scrip if it sustains below 750 and in the down side, it could test 600 initially.

If the scrip sustains above 750, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 780.


Trading Strategy for Ongc

For intraday, the crucial level is 700. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 750 is broken in the upside for a target of 780. Short if it fails to sustain above 750 for a target of 600.


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TECHNICAL OUTLOOK, 25 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2736.45



Nifty Intraday trading levels and range

Today, if Nifty trades below 2750 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2750, then it could test 2780.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2750. 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 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1290 is crucial for short term. If it sustains above 1290, then it is likely to rally towards 1340.

Instead, if it fails to sustain above 1290 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1245. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1290 for a target of 1340. Initiate shorts if it fails to sustain above 1290 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1080. If it fails to sustain above 1080, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1080, then the short term trend would turn bullish and in the upper side it is likely to move towards 1120.


Trading Strategy for SBI

For Intraday, the crucial level is 1055. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1080 for a target of 900. And initiate longs if it sustains above 1080 for a target of 1120.



Infosys (spot)

The level 1220 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 1250.

If it fails to sustain above 1220, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1200. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1220 for a target of 1000. Initiate longs if it sustains above 1220 for a target of 1250.





ICICI Bank (spot)

The level 350 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 390.

Instead, if it fails to sustain above 350, the short term trend would turn bearish and in the downside it is likely to decline towards 280 initially.



Trading Strategy for ICICI Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 350 for a target of 280. Initiate longs if it sustains above 350 for a target of 390.




Mcdowell (spot)

The crucial level for the scrip in the short term is 570. The trend would remain bearish for this scrip if it sustains below 570 and in the down side, it could test 450 initially.

If the scrip sustains above 570, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 600.


Trading Strategy for Mcdowell

For intraday, the crucial level is 560. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 570 is broken in the upside for a target of 600. Short if it fails to sustain above 570 for a target of 450.


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TECHNICAL OUTLOOK, 24 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2736.45



Nifty Intraday trading levels and range

Today, if Nifty trades below 2710 then it could test 2650 and below this level it could test 2600.

Instead, if it sustains above 2710, then it could test 2750.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2710. 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 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1290 is crucial for short term. If it sustains above 1290, then it is likely to rally towards 1340.

Instead, if it fails to sustain above 1290 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1260. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1290 for a target of 1340. Initiate shorts if it fails to sustain above 1290 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1080. If it fails to sustain above 1080, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1080, then the short term trend would turn bullish and in the upper side it is likely to move towards 1120.


Trading Strategy for SBI

For Intraday, the crucial level is 1035. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1080 for a target of 900. And initiate longs if it sustains above 1080 for a target of 1120.



Infosys (spot)

The level 1220 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 1250.

If it fails to sustain above 1220, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1170. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1220 for a target of 1000. Initiate longs if it sustains above 1220 for a target of 1250.





Reliance Infra (spot)

The level 500 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 550.

Instead, if it fails to sustain above 500, the short term trend would turn bearish and in the downside it is likely to decline towards 400 initially.



Trading Strategy for Reliance Infra

For intraday, the crucial level is 495. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 500 for a target of 550. Initiate longs if it sustains above 500 for a target of 400.




Educomp (spot)

The crucial level for the scrip in the short term is 1800. The trend would remain bearish for this scrip if it sustains below 1800 and in the down side, it could test 1500 initially.

If the scrip sustains above 1800, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 2000.


Trading Strategy for Educomp

For intraday, the crucial level is 1730. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1800 is broken in the upside for a target of 2000. Short if it fails to sustain above 1800 for a target of 1500.


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TECHNICAL OUTLOOK, 20 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2789.35



Nifty Intraday trading levels and range

Today, if Nifty trades below 2750 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2810, then it could test 2830.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2750. 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 2850 for a target of 2500 with a stop at 2850 and trade long above 2850 for a target of 2950 with a stop at 2850.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1320 is crucial for short term. If it sustains above 1320, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1320 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1290. Trade long above these levels and trade short below these levels.

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



SBI (spot)

The crucial level for the short term for this scrip is 1080. If it fails to sustain above 1080, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1080, then the short term trend would turn bullish and in the upper side it is likely to move towards 1120.


Trading Strategy for SBI

For Intraday, the crucial level is 1050. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1080 for a target of 900. And initiate longs if it sustains above 1080 for a target of 1120.



Infosys (spot)

The level 1220 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 1250.

If it fails to sustain above 1220, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1220. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1220 for a target of 1000. Initiate longs if it sustains above 1220 for a target of 1250.





Reliance Infra (spot)

The level 520 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 550.

Instead, if it fails to sustain above 520, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Reliance Infra

For intraday, the crucial level is 505. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 520 for a target of 550. Initiate longs if it sustains above 520 for a target of 450.




Educomp (spot)

The crucial level for the scrip in the short term is 2090. The trend would remain bearish for this scrip if it sustains below 2090 and in the down side, it could test 1800 initially.

If the scrip sustains above 2090, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 2200.


Trading Strategy for Educomp

For intraday, the crucial level is 2035. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 2090 is broken in the upside for a target of 2200. Short if it fails to sustain above 2090 for a target of 1800.


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TECHNICAL OUTLOOK, 19 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2776.15



Nifty Intraday trading levels and range


Today, if it sustains below 2750, then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2810, then it could test 2850.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2750. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance Inds (spot)

The level 1320 is crucial for short term. If it sustains above 1320, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1320 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.


Trading Strategy for Reliance Inds

For intraday, the crucial level is 1305. Trade long above these levels and trade short below these levels.

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



SBI (spot)

The crucial level for the short term for this scrip is 1100. If it fails to sustain above 1100, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1100, then the short term trend would turn bullish and in the upper side it is likely to move towards 1140.


Trading Strategy for SBI

For Intraday, the crucial level is 1085. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1100 for a target of 1020. And initiate longs if it sustains above 1100 for a target of 1140.



ONGC (spot)

The level 700 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 740.

If it fails to sustain above 700, then the trend would turn bearish and in the downside it is likely to decline towards 600 initially.


Trading Strategy for ONGC


For intraday, the crucial level is 677. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 700 for a target of 600. Initiate longs if it sustains above 700 for a target of 740.





DLF (spot)

The level 165 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 180.

Instead, if it fails to sustain above 165, the short term trend would turn bearish and in the downside it is likely to decline towards 100 initially.



Trading Strategy for DLF

For intraday, the crucial level is 165. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 165 for a target of 100. Initiate longs if it sustains above 165 for a target of 185.




Infosys (spot)

The crucial level for the scrip in the short term is 1200. The trend would remain bearish for this scrip if it sustains below 1200 and in the down side, it could test 1000 initially.

If the scrip sustains above 1200, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1250.


Trading Strategy for Infosys

For intraday, the crucial level is 1185. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1200 is broken in the upside for a target of 1250. Short if it fails to sustain above 1200 for a target of 1000.


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TECHNICAL OUTLOOK, 18 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2770.50



Nifty Intraday trading levels and range


Today, if it sustains below 2780, then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2780, then it could test 2815.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2780. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance Inds (spot)

The level 1280 is crucial for short term. If it sustains above 1280, then it is likely to rally towards 1320.

Instead, if it fails to sustain above 1280 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.


Trading Strategy for Reliance Inds

For intraday, the crucial level is 1260. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1280 for a target of 1320. Initiate shorts if it fails to sustain above 1280 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1100. If it fails to sustain above 1100, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1100, then the short term trend would turn bullish and in the upper side it is likely to move towards 1140.


Trading Strategy for SBI

For Intraday, the crucial level is 1100. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1100 for a target of 1020. And initiate longs if it sustains above 1100 for a target of 1140.



ONGC (spot)

The level 700 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 740.

If it fails to sustain above 700, then the trend would turn bearish and in the downside it is likely to decline towards 600 initially.


Trading Strategy for ONGC


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

Positional traders can initiate shorts if it fails to sustain above 700 for a target of 600. Initiate longs if it sustains above 700 for a target of 740.





Maruti (spot)

The level 610 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 640.

Instead, if it fails to sustain above 610, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.



Trading Strategy for Maruti

For intraday, the crucial level is 600. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 610 for a target of 500. Initiate longs if it sustains above 610 for a target of 640.




M&M (spot)

The crucial level for the scrip in the short term is 310. The trend would remain bearish for this scrip if it sustains below 310 and in the down side, it could test 230 initially.

If the scrip sustains above 310, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 350.


Trading Strategy for M&M

For intraday, the crucial level is 303. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 310 is broken in the upside for a target of 350. Short if it fails to sustain above 310 for a target of 230.


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TECHNICAL OUTLOOK, 17 FEBRUARY

Nifty (spot) 2846.35



Nifty Intraday trading levels and range


Today, if it sustains below 2870, then it could test 2800 and below this level it could test 2750.

Instead, if it sustains above 2870, then it could test 2900.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2870. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950. Instead, if it trades above 2950, then it could test 3050 before moving towards 2500.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance Infra (spot)

The level 560 is crucial for short term. If it sustains above 560, then it is likely to rally towards 600.

Instead, if it fails to sustain above 560 in coming trading sessions, then it is likely to turn weak and it could decline towards 440 initially.

Trading Strategy for Reliance Infra

For intraday, the crucial level is 538. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 560 for a target of 600. Initiate shorts if it fails to sustain above 560 for a target of 440 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1140. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 1020. And initiate longs if it sustains above 1140 for a target of 1180.



ONGC (spot)

The level 700 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 740.

If it fails to sustain above 700, then the trend would turn bearish and in the downside it is likely to decline towards 600 initially.


Trading Strategy for ONGC


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

Positional traders can initiate shorts if it fails to sustain above 700 for a target of 600. Initiate longs if it sustains above 700 for a target of 740.





Maruti (spot)

The level 640 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 680.

Instead, if it fails to sustain above 640, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.



Trading Strategy for Maruti

For intraday, the crucial level is 635. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 640 for a target of 500. Initiate longs if it sustains above 640 for a target of 680.




Infosys (spot)

The crucial level for the scrip in the short term is 1250. The trend would remain bearish for this scrip if it sustains below 1250 and in the down side, it could test 1100 initially.

If the scrip sustains above 1250, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1300.


Trading Strategy for Infosys

For intraday, the crucial level is 1215. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1250 is broken in the upside for a target of 1300. Short if it fails to sustain above 1250 for a target of 1100.



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TECHNICAL OUTLOOK, 16 FEBRUARY

Nifty (spot) 2948.35



Nifty Intraday trading levels and range


Today, if it sustains below 2950, then it could test 2900 and below this level it could test 2850.

Instead, if it sustains above 2950, then it could test 3000.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2950. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950. Instead, if it trades above 2950, then it could test 3050 before moving towards 2500.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1200 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1400. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1200 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1180. If it fails to sustain above 1180, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1180, then the short term trend would turn bullish and in the upper side it is likely to move towards 1220.


Trading Strategy for SBI

For Intraday, the crucial level is 1180. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 1020. And initiate longs if it sustains above 1180 for a target of 1220.



Icici Bank (spot)

The level 440 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 470.

If it fails to sustain above 440, then the trend would turn bearish and in the downside it is likely to decline towards 350 initially.


Trading Strategy for Icici Bank


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

Positional traders can initiate shorts if it fails to sustain above 440 for a target of 350. Initiate longs if it sustains above 440 for a target of 470.





RPL (spot)

The level 94 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 105.

Instead, if it fails to sustain above 94, the short term trend would turn bearish and in the downside it is likely to decline towards 70 initially.



Trading Strategy for RPL

For intraday, the crucial level is 95. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 94 for a target of 70. Initiate longs if it sustains above 94 for a target of 105.




Infosys (spot)

The crucial level for the scrip in the short term is 1285. The trend would remain bearish for this scrip if it sustains below 1285 and in the down side, it could test 1100 initially.

If the scrip sustains above 1285, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1320.


Trading Strategy for Infosys

For intraday, the crucial level is 1265. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 1285 is broken in the upside for a target of 1320. Short if it fails to sustain above 1285 for a target of 1100.


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TECHNICAL OUTLOOK, 13 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2893.00



Nifty Intraday trading levels and range


Today, if it sustains below 2900, then it could test 2850 and below this level it could test 2800.

Instead, if it sustains above 2900, then it could test 2930.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2910. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Ongc (spot)

The level 720 is crucial for short term. If it sustains above 720, then it is likely to rally towards 760.

Instead, if it fails to sustain above 720 in coming trading sessions, then it is likely to turn weak and it could decline towards 600 initially.

Trading Strategy for Ongc

For intraday, the crucial level is 700. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1180 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1180. If it fails to sustain above 1180, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1180, then the short term trend would turn bullish and in the upper side it is likely to move towards 1220.


Trading Strategy for SBI

For Intraday, the crucial level is 1180. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 1020. And initiate longs if it sustains above 1180 for a target of 1220.



Icici Bank (spot)

The level 440 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 470.

If it fails to sustain above 440, then the trend would turn bearish and in the downside it is likely to decline towards 350 initially.


Trading Strategy for Icici Bank


For intraday, the crucial level is 428. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 440 for a target of 350. Initiate longs if it sustains above 440 for a target of 470.





Tata Steel (spot)

The level 210 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 230.

Instead, if it fails to sustain above 210, the short term trend would turn bearish and in the downside it is likely to decline towards 140 initially.



Trading Strategy for Tata Steel

For intraday, the crucial level is 185. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 210 for a target of 140. Initiate longs if it sustains above 210 for a target of 230.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 440. The trend would remain bearish for this scrip if it sustains below 440 and in the down side, it could test 300 initially.

If the scrip sustains above 440, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 480.


Trading Strategy for Reliance Capital

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

Positional traders can initiate longs if the level 440 is broken in the upside for a target of 480. Short if it fails to sustain above 440 for a target of 300.


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TECHNICAL OUTLOOK, 12 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2925.70



Nifty Intraday trading levels and range


Today, if it sustains below 2900, then it could test 2850 and below this level it could test 2800.

Instead, if it sustains above 2900, then it could test 2940.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2900. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1180 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1390. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1180 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1165. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 1020. And initiate longs if it sustains above 1140 for a target of 1180.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, then the trend would turn bearish and in the downside it is likely to decline towards 1200 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1305. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





TCS (spot)

The level 530 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 560.

Instead, if it fails to sustain above 530, the short term trend would turn bearish and in the downside it is likely to decline towards 400 initially.



Trading Strategy for TCS

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

Positional traders can initiate shorts if the scrip fails to sustain above 530 for a target of 400. Initiate longs if it sustains above 530 for a target of 560.




Tata Motors (spot)

The crucial level for the scrip in the short term is 145. The trend would remain bearish for this scrip if it sustains below 145 and in the down side, it could test 100 initially.

If the scrip sustains above 145, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 160.


Trading Strategy for Tata Motors

For intraday, the crucial level is 135. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 145 is broken in the upside for a target of 160. Short if it fails to sustain above 145 for a target of 100.


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TECHNICAL OUTLOOK, 11 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2934.50



Nifty Intraday trading levels and range


Today, if it sustains below 2900, then it could test 2850 and below this level it could test 2750.

Instead, if it sustains above 2900, then it could test 2940.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2900. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1180 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1390. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1180 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1155. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 1020. And initiate longs if it sustains above 1140 for a target of 1180.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, then the trend would turn bearish and in the downside it is likely to decline towards 1200 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1300. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





ICICI Bank (spot)

The level 440 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 480.

Instead, if it fails to sustain above 440, the short term trend would turn bearish and in the downside it is likely to decline towards 350 initially.



Trading Strategy for Icici Bank

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

Positional traders can initiate shorts if the scrip fails to sustain above 440 for a target of 350. Initiate longs if it sustains above 440 for a target of 480.




DLF (spot)

The crucial level for the scrip in the short term is 160. The trend would remain bearish for this scrip if it sustains below 160 and in the down side, it could test 100 initially.

If the scrip sustains above 160, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 180.


Trading Strategy for DLF

For intraday, the crucial level is 145. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 160 is broken in the upside for a target of 180. Short if it fails to sustain above 160 for a target of 100.


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TECHNICAL OUTLOOK, 10 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2919.90



Nifty Intraday trading levels and range

Today, if Nifty trades above 2900 then it could test 2950.

Instead, if it sustains below 2900, then it could test 2850 and below this level it could test 2820.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2900. 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 2950 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1400, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1180 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1400. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1180 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1140. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 1020. And initiate longs if it sustains above 1140 for a target of 1180.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, then the trend would turn bearish and in the downside it is likely to decline towards 1200 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1320. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Maruti (spot)

The level 610 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 640.

Instead, if it fails to sustain above 610, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.



Trading Strategy for Maruti

For intraday, the crucial level is 600. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 610 for a target of 500. Initiate longs if it sustains above 610 for a target of 640.




ONGC (spot)

The crucial level for the scrip in the short term is 740. The trend would remain bearish for this scrip if it sustains below 740 and in the down side, it could test 600 initially.

If the scrip sustains above 740, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 770.


Trading Strategy for ONGC

For intraday, the crucial level is 740. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 740 is broken in the upside for a target of 770. Short if it fails to sustain above 740 for a target of 600.


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TECHNICAL OUTLOOK, 9 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2843.05



Nifty Intraday trading levels and range

Today, if Nifty trades above 2820 then it could test 2860.

Instead, if it sustains below 2820, then it could test 2780 and below this level it could test 2750.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2860. 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 2850 for a target of 2500 with a stop at 2910 and trade long above 2910 for a target of 3050 with a stop at 2850.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2950.






Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1360 is crucial for short term. If it sustains above 1360, then it is likely to rally towards 1400.

Instead, if it fails to sustain above 1360 in coming trading sessions, then it is likely to turn weak and it could decline towards 1180 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1360. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1360 for a target of 1400. Initiate shorts if it fails to sustain above 1360 for a target of 1180 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, then it is likely to turn bearish and in the down side it could test 1020 in coming trading sessions.

Instead, if it sustains above 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1140. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 1020. And initiate longs if it sustains above 1140 for a target of 1180.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, then the trend would turn bearish and in the downside it is likely to decline towards 1200 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1310. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





M&M (spot)

The level 300 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 340.

Instead, if it fails to sustain above 300, the short term trend would turn bearish and in the downside it is likely to decline towards 200 initially.



Trading Strategy for M&M

For intraday, the crucial level is 290. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 300 for a target of 200. Initiate longs if it sustains above 300 for a target of 350.




ONGC (spot)

The crucial level for the scrip in the short term is 680. The trend would remain bearish for this scrip if it sustains below 680 and in the down side, it could test 600 initially.

If the scrip sustains above 680, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 720.


Trading Strategy for ONGC

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

Positional traders can initiate longs if the level 680 is broken in the upside for a target of 720. Short if it fails to sustain above 680 for a target of 600.


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