TECHNICAL OUTLOOK, 31 MARCH

March 31, 2009


Nifty (spot) 2978.15



Nifty Intraday trading levels and range

Today, if Nifty trades above 3010 then it could test 3050.

Instead, if it sustains below 3010, then it could test 2900.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3010. 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 3150 for a target of 2500 with a stop at 3150 and trade long above 3150 for a target of 3250 with a stop at 3150.



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 3150.

Since the present rally seems to be corrective, it is likely to top out below 3150 or below 3250 and it is likely to break 2500 in the downside in coming weeks






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 1560 is crucial for short term. If it sustains above 1560, then it is likely to rally towards 1600.

Instead, if it fails to sustain above 1560 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 1540. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1500 for a target of 1600. Initiate shorts if it fails to sustain above 1500 for a target of 1200.



SBI (spot)

The crucial level for the short term for this scrip is 1070. If it fails to sustain above 1070, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 1070, 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 1040. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1070 for a target of 850. And initiate longs if it sustains above 1070 for a target of 1120.



Infosys (spot)

The level 1300 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 1360.

If it fails to sustain above 1300, then the trend would turn bearish and in the downside it is likely to decline towards 1100 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 1300 for a target of 1000. Initiate longs if it sustains above 1300 for a target of 1360.





Icici Bank (spot)

The level 365 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 365, the short term trend would turn bearish and in the downside it is likely to decline towards 250 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 355. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 365 for a target of 250. Initiate longs if it sustains above 365 for a target of 390.




Ongc (spot)

The crucial level for the scrip in the short term is 790. The trend would remain bearish for this scrip if it sustains below 790 and in the down side, it could test 700 initially.

If the scrip sustains above 790, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 830.


Trading Strategy for Ongc

For intraday, the crucial level is 790. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains 790 in the upside for a target of 830. Short if it fails to sustain above 790 for a target of 700.


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TECHNICAL OUTLOOK, 30 MARCH

Nifty (spot) 3108.65



Nifty Intraday trading levels and range

Today, if Nifty trades below 3100 then it could test 3050 and below this level it could test 3010.

Instead, if it sustains above 3100, then it could test 3150.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3050. 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 3150 for a target of 2500 with a stop at 3150 and trade long above 3150 for a target of 3250 with a stop at 3150.



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 3150.

Since the present rally seems to be corrective, it is likely to top out below 3150 or below 3250 and it is likely to break 2500 in the downside in coming weeks






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 1500 is crucial for short term. If it sustains above 1500, then it is likely to rally towards 1600.

Instead, if it fails to sustain above 1500 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 1540. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1500 for a target of 1600. Initiate shorts if it fails to sustain above 1500 for a target of 1200.



SBI (spot)

The crucial level for the short term for this scrip is 1150. If it fails to sustain above 1150, then it is likely to turn bearish and in the down side it could test 950 in coming trading sessions.

Instead, if it sustains above 1150, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1150. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1150 for a target of 950. And initiate longs if it sustains above 1150 for a target of 1200.



Infosys (spot)

The level 1300 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 1360.

If it fails to sustain above 1300, then the trend would turn bearish and in the downside it is likely to decline towards 1100 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1340. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. Initiate longs if it sustains above 1300 for a target of 1360.





Icici Bank (spot)

The level 365 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 365, the short term trend would turn bearish and in the downside it is likely to decline towards 250 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 390. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 365 for a target of 250. Initiate longs if it sustains above 365 for a target of 390.




Ongc (spot)

The crucial level for the scrip in the short term is 790. The trend would remain bearish for this scrip if it sustains below 790 and in the down side, it could test 700 initially.

If the scrip sustains above 790, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 830.


Trading Strategy for Ongc

For intraday, the crucial level is 790. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains 790 in the upside for a target of 830. Short if it fails to sustain above 790 for a target of 700.


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TECHNICAL OUTLOOK, 25 MARCH

D Sathia Moorthy
March 25, 2009

Nifty (spot) 2938.70



Nifty Intraday trading levels and range

Today, if Nifty trades below 2960 then it could test 2900 and below this level it could test 2850.

Instead, if it sustains above 2960, then it could test 3000.



Nifty intraday Trading Strategy

For intraday, the crucial level is 2960. 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 2960 for a target of 2500 with a stop at 2960 and trade long above 3000 for a target of 3050 with a stop at 2960.



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 3050.






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 1500 is crucial for short term. If it sustains above 1500, then it is likely to rally towards 1550.

Instead, if it fails to sustain above 1500 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 1465. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1500 for a target of 1550. Initiate shorts if it fails to sustain above 1500 for a target of 1200 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1060. If it fails to sustain above 1060, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 1060, then the short term trend would turn bullish and in the upper side it is likely to move towards 1100.


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 1060 for a target of 850. And initiate longs if it sustains above 1060 for a target of 1100.



Infosys (spot)

The level 1330 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 1360.

If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 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 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.





Icici Bank (spot)

The level 365 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 365, the short term trend would turn bearish and in the downside it is likely to decline towards 250 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 365. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 365 for a target of 250. Initiate longs if it sustains above 365 for a target of 390.




Maruti (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 650 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 Maruti

For intraday, the crucial level is 725. 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 650.


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TECHNICAL OUTLOOK, 23 MARCH

D Sathia Moorthy
March 23, 2009

Nifty (spot) 2807.15



Nifty Intraday trading levels and range

Today, if Nifty trades below 2815 then it could test 2720.

Instead, if it sustains above 2815, then it could test 2850.



Nifty intraday Trading Strategy

For intraday, the crucial level is 2815. 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 2400 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 1350 is crucial for short term. If it sustains above 1350, then it is likely to rally towards 1380.

Instead, if it fails to sustain above 1350 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 1350. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1350 for a target of 1380. Initiate shorts if it fails to sustain above 1350 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 980. If it fails to sustain above 980, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 980, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 980. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 980 for a target of 750. And initiate longs if it sustains above 980 for a target of 1020.



Infosys (spot)

The level 1330 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 1360.

If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 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 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.





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 380.

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 250 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 331. 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 250. Initiate longs if it sustains above 350 for a target of 380.




Maruti (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 650 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 Maruti

For intraday, the crucial level is 725. 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 650.


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TECHNICAL OUTLOOK, 20 MARCH

D Sathia Moorthy


Nifty (spot) 2807.15



Nifty Intraday trading levels and range

Today, if Nifty trades below 2770 then it could test 2720 and below this level, it could test 2670.

Instead, if it sustains above 2815, then it could test 2850.



Nifty intraday Trading Strategy

For intraday, the crucial level is 2770. 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 2400 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 1350 is crucial for short term. If it sustains above 1350, then it is likely to rally towards 1380.

Instead, if it fails to sustain above 1350 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 1320. 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 980. If it fails to sustain above 980, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 980, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 980. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 980 for a target of 750. And initiate longs if it sustains above 980 for a target of 1020.



Infosys (spot)

The level 1330 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 1360.

If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 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 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.





Educomp (spot)

The level 2000 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 2100.

Instead, if it fails to sustain above 2000, the short term trend would turn bearish and in the downside it is likely to decline towards 1800 initially.



Trading Strategy for Educomp

For intraday, the crucial level is 1950. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 2000 for a target of 1800. Initiate longs if it sustains above 2000 for a target of 2100.




Maruti (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 650 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 Maruti

For intraday, the crucial level is 750. 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 650.


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TECHNICAL OUTLOOK, 19 MARCH

D Sathia Moorthy


Nifty (spot) 2794.70



Nifty Intraday trading levels and range

Today, if Nifty trades above 2815 then it could test 2850.

Instead, if it sustains below 2815, then it could test 2725 and below this level, it could test 2670.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2815. 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 2400 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 1350 is crucial for short term. If it sustains above 1350, then it is likely to rally towards 1380.

Instead, if it fails to sustain above 1350 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 1350. 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 980. If it fails to sustain above 980, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 980, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 980. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 980 for a target of 750. And initiate longs if it sustains above 980 for a target of 1020.



Infosys (spot)

The level 1330 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 1360.

If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 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 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.





Ongc (spot)

The level 740 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 780.

Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



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 shorts if the scrip fails to sustain above 740 for a target of 600. Initiate longs if it sustains above 740 for a target of 780.




Icici Bank (spot)

The crucial level for the scrip in the short term is 340. The trend would remain bearish for this scrip if it sustains below 340 and in the down side, it could test 250 initially.

If the scrip sustains above 340, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 360.


Trading Strategy for Icici Bank

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

Positional traders can initiate longs if the level 340 is broken in the upside for a target of 360. Short if it fails to sustain above 340 for a target of 250.


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TECHNICAL OUTLOOK, 18 MARCH

D Sathia Moorthy


Nifty (spot) 2757.45



Nifty Intraday trading levels and range

Today, if Nifty trades above 2800 then it could test 2825.

Instead, if it sustains below 2800, then it could test 2725 and below this level, it could test 2670.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2800. 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 2400 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2800.



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 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1300. 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 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 750 in coming trading sessions.

Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 970. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 970 for a target of 750. And initiate longs if it sustains above 970 for a target of 1020.



Infosys (spot)

The level 1330 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 1360.

If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1280. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.





Ongc (spot)

The level 740 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 780.

Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



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 shorts if the scrip fails to sustain above 740 for a target of 600. Initiate longs if it sustains above 740 for a target of 780.




Icici Bank (spot)

The crucial level for the scrip in the short term is 340. The trend would remain bearish for this scrip if it sustains below 340 and in the down side, it could test 250 initially.

If the scrip sustains above 340, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 360.


Trading Strategy for Icici Bank

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

Positional traders can initiate longs if the level 340 is broken in the upside for a target of 360. Short if it fails to sustain above 340 for a target of 250.


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TECHNICAL OUTLOOK, 16 MARCH

D Sathia Moorthy


Nifty (spot) 2719.25



Nifty Intraday trading levels and range

Today, if Nifty trades above 2720 then it could test 2750.

Instead, if it sustains above 2720, then it could test 2670 and below this level, it could test 2640.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2720. 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 2400 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2800.



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 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1300. 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 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 750 in coming trading sessions.

Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 970. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 970 for a target of 750. And initiate longs if it sustains above 970 for a target of 1020.



Infosys (spot)

The level 1330 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 1360.

If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1330. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.





Ongc (spot)

The level 740 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 780.

Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



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 shorts if the scrip fails to sustain above 740 for a target of 600. Initiate longs if it sustains above 740 for a target of 780.




Icici Bank (spot)

The crucial level for the scrip in the short term is 320. The trend would remain bearish for this scrip if it sustains below 320 and in the down side, it could test 250 initially.

If the scrip sustains above 320, 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 Icici Bank

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

Positional traders can initiate longs if the level 320 is broken in the upside for a target of 350. Short if it fails to sustain above 320 for a target of 250.


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TECHNICAL OUTLOOK, 12 MARCH

D Sathia Moorthy


Nifty (spot) 2573.15



Nifty Intraday trading levels and range

Today, if Nifty trades below 2600 then it could test 2550 and below this level it could test 2500.

Instead, if it sustains above 2600, then it could test 2650.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2600. 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 2650 for a target of 2400 with a stop at 2650 and trade long above 2650 for a target of 2720 with a stop at 2650.



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 1190 is crucial for short term. If it sustains above 1190, then it is likely to rally towards 1240.

Instead, if it fails to sustain above 1190 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1170. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1190 for a target of 1240. Initiate shorts if it fails to sustain above 1190 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 950. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 750 in coming trading sessions.

Instead, if it sustains above 950, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 910. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 970 for a target of 750. And initiate longs if it sustains above 970 for a target of 1020.



Infosys (spot)

The level 1240 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 1280.

If it fails to sustain above 1240, 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 1240. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1260.





Ongc (spot)

The level 680 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 730.

Instead, if it fails to sustain above 680, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.



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 shorts if the scrip fails to sustain above 670 for a target of 500. Initiate longs if it sustains above 670 for a target of 730.




Icici Bank (spot)

The crucial level for the scrip in the short term is 290. The trend would remain bearish for this scrip if it sustains below 290 and in the down side, it could test 200 initially.

If the scrip sustains above 290, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 320.


Trading Strategy for Icici Bank

For intraday, the crucial level is 275. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 290 is broken in the upside for a target of 320. Short if it fails to sustain above 290 for a target of 200.


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TECHNICAL OUTLOOK, 9 MARCH

D Sathia Moorthy


Nifty (spot) 2620.15



Nifty Intraday trading levels and range

Today, if Nifty trades below 2600 then it could test 2550 and below this level it could test 2500.

Instead, if it sustains above 2600, then it could test 2640.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2600. 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 2650 for a target of 2400 with a stop at 2650 and trade long above 2650 for a target of 2720 with a stop at 2650.



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 1190 is crucial for short term. If it sustains above 1190, then it is likely to rally towards 1240.

Instead, if it fails to sustain above 1190 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1190. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1190 for a target of 1240. Initiate shorts if it fails to sustain above 1190 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 950. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 970 for a target of 850. And initiate longs if it sustains above 970 for a target of 1020.



Infosys (spot)

The level 1240 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 1280.

If it fails to sustain above 1240, 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 1240. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1260.





Maruti (spot)

The level 670 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 730.

Instead, if it fails to sustain above 670, 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 657. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 670 for a target of 500. Initiate longs if it sustains above 670 for a target of 730.




Icici Bank (spot)

The crucial level for the scrip in the short term is 290. The trend would remain bearish for this scrip if it sustains below 290 and in the down side, it could test 200 initially.

If the scrip sustains above 290, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 320.


Trading Strategy for Icici Bank

For intraday, the crucial level is 275. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 290 is broken in the upside for a target of 320. Short if it fails to sustain above 290 for a target of 200.


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TECHNICAL OUTLOOK, 5 MARCH

D Sathia Moorthy


Nifty (spot) 2645.20



Nifty Intraday trading levels and range

Today, if Nifty trades below 2660 then it could test 2600 and below this level it could test 2550.

Instead, if it sustains above 2660, then it could test 2700.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2660. 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 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1240 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 1225. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 980. If it fails to sustain above 980, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 980, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.


Trading Strategy for SBI

For Intraday, the crucial level is 980. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 980 for a target of 850. And initiate longs if it sustains above 980 for a target of 1020.



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 1260.

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 1260.





Rcom (spot)

The level 141 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 150.

Instead, if it fails to sustain above 141, the short term trend would turn bearish and in the downside it is likely to decline towards 100 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 139. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 141 for a target of 100. Initiate longs if it sustains above 141 for a target of 150.




Icici Bank (spot)

The crucial level for the scrip in the short term is 305. The trend would remain bearish for this scrip if it sustains below 305 and in the down side, it could test 250 initially.

If the scrip sustains above 305, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 330.


Trading Strategy for Icici Bank

For intraday, the crucial level is 288. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 305 is broken in the upside for a target of 330. Short if it fails to sustain above 305 for a target of 250.


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TECHNICAL OUTLOOK, 4 MARCH

D Sathia Moorthy


Nifty (spot) 2622.40



Nifty Intraday trading levels and range

Today, if Nifty trades below 2660 then it could test 2600 and below this level it could test 2550.

Instead, if it sustains above 2660, then it could test 2700.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2660. 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 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1240 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 1225. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1020. If it fails to sustain above 1020, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 1020, 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 1000. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1020 for a target of 850. And initiate longs if it sustains above 1020 for a target of 1080.



Infosys (spot)

The level 1240 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 1240, 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 1210. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1300.





Tcs (spot)

The level 465 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 490.

Instead, if it fails to sustain above 465, the short term trend would turn bearish and in the downside it is likely to decline towards 390 initially.



Trading Strategy for Tcs

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

Positional traders can initiate shorts if the scrip fails to sustain above 465 for a target of 390. Initiate longs if it sustains above 465 for a target of 490.




Maruti (spot)

The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 550 initially.

If the scrip sustains above 690, 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 Maruti

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 690 is broken in the upside for a target of 720. Short if it fails to sustain above 690 for a target of 550.


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TECHNICAL OUTLOOK, 3 MARCH

D Sathia Moorthy


Nifty (spot) 2674.60



Nifty Intraday trading levels and range

Today, if Nifty trades below 2680 then it could test 2600 and below this level it could test 2550.

Instead, if it sustains above 2680, then it could test 2700.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2680. 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 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1240 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 1240. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1020. If it fails to sustain above 1020, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.

Instead, if it sustains above 1020, 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 1025. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1020 for a target of 850. And initiate longs if it sustains above 1020 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 1230. 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.





Rcom (spot)

The level 155 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 165.

Instead, if it fails to sustain above 155, the short term trend would turn bearish and in the downside it is likely to decline towards 125 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 148. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 155 for a target of 125. Initiate longs if it sustains above 155 for a target of 165.




Maruti (spot)

The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 550 initially.

If the scrip sustains above 690, 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 Maruti

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 690 is broken in the upside for a target of 720. Short if it fails to sustain above 690 for a target of 550.


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TECHNICAL OUTLOOK, 2 MARCH

D Sathia Moorthy


Nifty (spot) 2785.65



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 2760.


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 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 1300 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 1265. 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 1025. 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 1230. 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.





Idea Cellular (spot)

The level 50 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 60.

Instead, if it fails to sustain above 50, the short term trend would turn bearish and in the downside it is likely to decline towards 35 initially.



Trading Strategy for Idea Cellular

For intraday, the crucial level is 50. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 50 for a target of 35. Initiate longs if it sustains above 50 for a target of 60.




ICICI Bank (spot)

The crucial level for the scrip in the short term is 350. The trend would remain bearish for this scrip if it sustains below 350 and in the down side, it could test 280 initially.

If the scrip sustains above 350, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 380.


Trading Strategy for Icici Bank

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

Positional traders can initiate longs if the level 350 is broken in the upside for a target of 380. Short if it fails to sustain above 350 for a target of 280.


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