Friday, July 31, 2009
TECHNICAL OUTLOOK, 31 JULY
Nifty (spot) 4571.45
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4560, then it could test 4500.
Instead, if Nifty trades above 4560, then it could test 4650.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4560. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4650 for a target of 3900 with a stop at 4700 and trade long above 4650 for a target of 4700 with a stop at 4650.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4650 in coming trading sessions. And if it trades above 4650, then it could test 4700 levels.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1890 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1890 for a target of 1950. Initiate shorts if it fails to sustain above 1890 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1700, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1725. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 750 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 750, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 750 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 750 for a target of 700. Initiate longs if it sustains above 750 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.
If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 480.
Trading Strategy for Tata Steel
For intraday, the crucial level is 450. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 480. Short if it fails to sustain above 450 for a target of 400.
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Thursday, July 30, 2009
TECHNICAL OUTLOOK, 30 JULY
Nifty (spot) 4513.50
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4540, then it could test 4470 and below that level, it could test 4390.
Instead, if Nifty trades above 4540, then it could test 4560.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4540. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4600 for a target of 3900 with a stop at 4700 and trade long above 4600 for a target of 4700 with a stop at 4600.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4600 in coming trading sessions. And if it trades above 4600, then it could test 4700 levels.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1890 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1890 for a target of 1950. Initiate shorts if it fails to sustain above 1890 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1670. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 750 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 750, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 750 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 750 for a target of 700. Initiate longs if it sustains above 750 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.
If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 490.
Trading Strategy for Tata Steel
For intraday, the crucial level is 450. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 490. Short if it fails to sustain above 450 for a target of 400.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4540, then it could test 4470 and below that level, it could test 4390.
Instead, if Nifty trades above 4540, then it could test 4560.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4540. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4600 for a target of 3900 with a stop at 4700 and trade long above 4600 for a target of 4700 with a stop at 4600.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4600 in coming trading sessions. And if it trades above 4600, then it could test 4700 levels.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1890 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1890 for a target of 1950. Initiate shorts if it fails to sustain above 1890 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1670. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 750 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 750, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 750 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 750 for a target of 700. Initiate longs if it sustains above 750 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 400 initially.
If the scrip sustains above 450 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 490.
Trading Strategy for Tata Steel
For intraday, the crucial level is 450. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 450 in the upside for a target of 490. Short if it fails to sustain above 450 for a target of 400.
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Wednesday, July 29, 2009
TECHNICAL OUTLOOK, 29 JULY
Nifty (spot) 4564.10
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4555, then it could test 4490 and below that level, it could test 4450.
Instead, if Nifty trades above 4555, then it could test 4630.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4555. 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 4600 for a target of 3900 with a stop at 4700 and trade long above 4600 for a target of 4700 with a stop at 4600.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4600 in coming trading sessions. And if it trades above 4600, then it could test 4700 levels.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1990.
Instead, if it fails to sustain above 1890 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1890 for a target of 1990. Initiate shorts if it fails to sustain above 1890 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 750 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 750, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 750 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 750 for a target of 700. Initiate longs if it sustains above 750 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 445. The trend would remain bearish for this scrip if it sustains below 445 and in the down side, it could test 400 initially.
If the scrip sustains above 445 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 490.
Trading Strategy for Tata Steel
For intraday, the crucial level is 445. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 445 in the upside for a target of 490. Short if it fails to sustain above 445 for a target of 400.
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Tuesday, July 28, 2009
TECHNICAL OUTLOOK, 28 JULY
Nifty (spot) 4572.30
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4555, then it could test 4490 and below that level, it could test 4450.
Instead, if Nifty trades above 4555, then it could test 4630.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4555. 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 4510 for a target of 3900 with a stop at 4510 and trade long above 4510 for a target of 4650 with a stop at 4510.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4510 in coming trading sessions. And if it trades above 4510, then it could test 4600 4650 levels.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1990.
Instead, if it fails to sustain above 1890 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1890 for a target of 1990. Initiate shorts if it fails to sustain above 1890 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 770 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 770, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 770 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 770 for a target of 700. Initiate longs if it sustains above 770 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 445. The trend would remain bearish for this scrip if it sustains below 445 and in the down side, it could test 400 initially.
If the scrip sustains above 445 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 490.
Trading Strategy for Tata Steel
For intraday, the crucial level is 445. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 445 in the upside for a target of 490. Short if it fails to sustain above 445 for a target of 400.
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Friday, July 24, 2009
TECHNICAL OUTLOOK, 24 JULY
Nifty (spot) 4398.90
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4530, then it could test 4490 and below that level, it could test 4450.
Instead, if Nifty trades above 4530, then it could test 4600.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4530. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4510 for a target of 3900 with a stop at 4510 and trade long above 4510 for a target of 4650 with a stop at 4510.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4510 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 2000 is crucial for short term. If it sustains above 2000, then it is likely to rally towards 2080.
Instead, if it fails to sustain above 2000 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 2000. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 2000 for a target of 2080. Initiate shorts if it fails to sustain above 2000 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 800 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 840.
Instead, if it fails to sustain above 800, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 800 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 800 for a target of 700. Initiate longs if it sustains above 800 for a target of 840.
Tata Steel (spot)
The crucial level for the scrip in the short term is 410. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, it could test 350 initially.
If the scrip sustains above 410 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 410. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 410 in the upside for a target of 430. Short if it fails to sustain above 410 for a target of 350.
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Thursday, July 23, 2009
TECHNICAL OUTLOOK, 23 JULY
Nifty (spot) 4398.90
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4450, then it could test 4380 and below that level, it could test 4300.
Instead, if Nifty trades above 4450, then it could test 4500.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4450. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4510 for a target of 3900 with a stop at 4510 and trade long above 4510 for a target of 4650 with a stop at 4510.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4510 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 2000 is crucial for short term. If it sustains above 2000, then it is likely to rally towards 2080.
Instead, if it fails to sustain above 2000 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 2000. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 2000 for a target of 2080. Initiate shorts if it fails to sustain above 2000 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1725. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1725, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1725. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1725 for a target of 1400. And initiate longs if it sustains above 1725 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 800 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 840.
Instead, if it fails to sustain above 800, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 800 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 800 for a target of 700. Initiate longs if it sustains above 800 for a target of 840.
Tata Steel (spot)
The crucial level for the scrip in the short term is 410. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, it could test 350 initially.
If the scrip sustains above 410 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 410. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 410 in the upside for a target of 430. Short if it fails to sustain above 410 for a target of 350.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4450, then it could test 4380 and below that level, it could test 4300.
Instead, if Nifty trades above 4450, then it could test 4500.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4450. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4510 for a target of 3900 with a stop at 4510 and trade long above 4510 for a target of 4650 with a stop at 4510.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4510 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 2000 is crucial for short term. If it sustains above 2000, then it is likely to rally towards 2080.
Instead, if it fails to sustain above 2000 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 2000. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 2000 for a target of 2080. Initiate shorts if it fails to sustain above 2000 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 1725. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1725, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1725. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1725 for a target of 1400. And initiate longs if it sustains above 1725 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 800 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 840.
Instead, if it fails to sustain above 800, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 800 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 800 for a target of 700. Initiate longs if it sustains above 800 for a target of 840.
Tata Steel (spot)
The crucial level for the scrip in the short term is 410. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, it could test 350 initially.
If the scrip sustains above 410 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 410. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 410 in the upside for a target of 430. Short if it fails to sustain above 410 for a target of 350.
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Tuesday, July 21, 2009
TECHNICAL OUTLOOK, 21 JULY
Nifty (spot) 4231.40
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4510, then it could test 4440 and below that level, it could test 4380.
Instead, if Nifty trades above 4510, then it could test 4570.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4510. 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 4510 for a target of 3900 with a stop at 4510 and trade long above 4510 for a target of 4650 with a stop at 4510.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4510 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1970 is crucial for short term. If it sustains above 1970, then it is likely to rally towards 2050.
Instead, if it fails to sustain above 1970 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1970. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1970 for a target of 2050. Initiate shorts if it fails to sustain above 1970 for a target of 1700.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1700, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 800 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 840.
Instead, if it fails to sustain above 800, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 800 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 800 for a target of 700. Initiate longs if it sustains above 800 for a target of 840.
Tata Steel (spot)
The crucial level for the scrip in the short term is 390. The trend would remain bearish for this scrip if it sustains below 390 and in the down side, it could test 300 initially.
If the scrip sustains above 390 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 410.
Trading Strategy for Tata Steel
For intraday, the crucial level is 390. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 390 in the upside for a target of 410. Short if it fails to sustain above 390 for a target of 300.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4510, then it could test 4440 and below that level, it could test 4380.
Instead, if Nifty trades above 4510, then it could test 4570.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4510. 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 4510 for a target of 3900 with a stop at 4510 and trade long above 4510 for a target of 4650 with a stop at 4510.
Short term Technical View of Nifty
Nifty is likely to test 3900 initially in the downside, if it fails to move above 4510 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1970 is crucial for short term. If it sustains above 1970, then it is likely to rally towards 2050.
Instead, if it fails to sustain above 1970 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1970. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1970 for a target of 2050. Initiate shorts if it fails to sustain above 1970 for a target of 1700.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1700, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.
Rcom (spot)
The level 280 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 300.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.
Icici Bank (spot)
The level 800 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 840.
Instead, if it fails to sustain above 800, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 800 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 800 for a target of 700. Initiate longs if it sustains above 800 for a target of 840.
Tata Steel (spot)
The crucial level for the scrip in the short term is 390. The trend would remain bearish for this scrip if it sustains below 390 and in the down side, it could test 300 initially.
If the scrip sustains above 390 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 410.
Trading Strategy for Tata Steel
For intraday, the crucial level is 390. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 390 in the upside for a target of 410. Short if it fails to sustain above 390 for a target of 300.
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Friday, July 17, 2009
TECHNICAL OUTLOOK, 17 JULY
Nifty (spot) 4231.40
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4210, then it could test 4150.
Instead, if Nifty trades above 4210, then it could test 4320.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4210. 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 4350 for a target of 3600 with a stop at 4350 and trade long above 4350 for a target of 4650 with a stop at 4250.
Short term Technical View of Nifty
Nifty is likely to test 3600 initially in the downside, if it fails to move above 4350 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1970 is crucial for short term. If it sustains above 1970, then it is likely to rally towards 2050.
Instead, if it fails to sustain above 1970 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1970. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1970 for a target of 2050. Initiate shorts if it fails to sustain above 1970 for a target of 1700.
SBI (spot)
The crucial level for the short term for this scrip is 1650. If it fails to sustain above 1650, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1650, then the short term trend would turn bullish and in the upper side it is likely to move towards 1700.
Trading Strategy for SBI
For Intraday, the crucial level is 1650. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1650 for a target of 1400. And initiate longs if it sustains above 1650 for a target of 1700.
Rcom (spot)
The level 250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.
If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 250. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 250 for a target of 200. Initiate longs if it sustains above 250 for a target of 280.
Icici Bank (spot)
The level 685 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 720.
Instead, if it fails to sustain above 685, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 685 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 685 for a target of 600. Initiate longs if it sustains above 685 for a target of 720.
Tata Steel (spot)
The crucial level for the scrip in the short term is 380. The trend would remain bearish for this scrip if it sustains below 380 and in the down side, it could test 300 initially.
If the scrip sustains above 380 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 410.
Trading Strategy for Tata Steel
For intraday, the crucial level is 380. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 380 in the upside for a target of 410. Short if it fails to sustain above 380 for a target of 300.
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Thursday, July 16, 2009
TECHNICAL OUTLOOK, 16 JULY
Nifty (spot) 4233.50
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4210, then it could test 4050 and below that level it could test 4140.
Instead, if Nifty trades above 4210, then it could test 4320.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4320. 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 4350 for a target of 3600 with a stop at 4350 and trade long above 4350 for a target of 4650 with a stop at 4250.
Short term Technical View of Nifty
Nifty is likely to test 3600 initially in the downside, if it fails to move above 4350 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1870 is crucial for short term. If it sustains above 1870, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1870 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1870. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1870 for a target of 1950. Initiate shorts if it fails to sustain above 1870 for a target of 1700.
SBI (spot)
The crucial level for the short term for this scrip is 1650. If it fails to sustain above 1650, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1650, then the short term trend would turn bullish and in the upper side it is likely to move towards 1700.
Trading Strategy for SBI
For Intraday, the crucial level is 1650. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1650 for a target of 1400. And initiate longs if it sustains above 1650 for a target of 1700.
Rcom (spot)
The level 250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.
If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 250. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 250 for a target of 200. Initiate longs if it sustains above 250 for a target of 280.
Icici Bank (spot)
The level 660 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 720.
Instead, if it fails to sustain above 660, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 660 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 660 for a target of 550. Initiate longs if it sustains above 660 for a target of 720.
Tata Steel (spot)
The crucial level for the scrip in the short term is 390. The trend would remain bearish for this scrip if it sustains below 390 and in the down side, it could test 300 initially.
If the scrip sustains above 390 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 410.
Trading Strategy for Tata Steel
For intraday, the crucial level is 390. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 390 in the upside for a target of 410. Short if it fails to sustain above 390 for a target of 300.
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Wednesday, July 15, 2009
TECHNICAL OUTLOOK, 15 JULY
Nifty (spot) 4111.40
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4120, then it could test 4050 and below that level it could test 4020.
Instead, if Nifty trades above 4120, then it could test 4175.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4120. 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 4250 for a target of 3600 with a stop at 4350 and trade long above 4350 for a target of 4650 with a stop at 4250.
Short term Technical View of Nifty
Nifty is likely to test 3600 initially in the downside, if it fails to move above 4250 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1800 is crucial for short term. If it sustains above 1800, then it is likely to rally towards 1870.
Instead, if it fails to sustain above 1800 in coming trading sessions, then it is likely to turn weak and it could decline towards 1600 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1800. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1800 for a target of 1870. Initiate shorts if it fails to sustain above 1800 for a target of 1600.
SBI (spot)
The crucial level for the short term for this scrip is 1590. If it fails to sustain above 1590, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1590, then the short term trend would turn bullish and in the upper side it is likely to move towards 1650.
Trading Strategy for SBI
For Intraday, the crucial level is 1590. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1590 for a target of 1400. And initiate longs if it sustains above 1590 for a target of 1650.
Rcom (spot)
The level 250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.
If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 250. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 250 for a target of 200. Initiate longs if it sustains above 250 for a target of 280.
Icici Bank (spot)
The level 660 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 700.
Instead, if it fails to sustain above 660, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 660 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 660 for a target of 550. Initiate longs if it sustains above 660 for a target of 700.
Tata Steel (spot)
The crucial level for the scrip in the short term is 355. The trend would remain bearish for this scrip if it sustains below 355 and in the down side, it could test 300 initially.
If the scrip sustains above 355 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 Tata Steel
For intraday, the crucial level is 355. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 355 in the upside for a target of 380. Short if it fails to sustain above 355 for a target of 300.
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Tuesday, July 14, 2009
TECHNICAL OUTLOOK, 14 JULY
Nifty (spot) 3976.35
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4010, then it could test 3950 and below that level it could test 3900.
Instead, if Nifty trades above 4010, then it could test 4060.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4010. 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 4250 for a target of 3600 with a stop at 4350 and trade long above 4350 for a target of 4650 with a stop at 4250.
Short term Technical View of Nifty
Nifty is likely to test 3600 initially in the downside, if it fails to move above 4250 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1800 is crucial for short term. If it sustains above 1800, then it is likely to rally towards 1870.
Instead, if it fails to sustain above 1800 in coming trading sessions, then it is likely to turn weak and it could decline towards 1600 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1800. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1800 for a target of 1870. Initiate shorts if it fails to sustain above 1800 for a target of 1600.
SBI (spot)
The crucial level for the short term for this scrip is 1590. If it fails to sustain above 1590, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1590, then the short term trend would turn bullish and in the upper side it is likely to move towards 1650.
Trading Strategy for SBI
For Intraday, the crucial level is 1590. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1590 for a target of 1400. And initiate longs if it sustains above 1590 for a target of 1650.
Rcom (spot)
The level 250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.
If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 250. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 250 for a target of 200. Initiate longs if it sustains above 250 for a target of 280.
Icici Bank (spot)
The level 660 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 700.
Instead, if it fails to sustain above 660, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 660 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 660 for a target of 550. Initiate longs if it sustains above 660 for a target of 700.
Tata Steel (spot)
The crucial level for the scrip in the short term is 355. The trend would remain bearish for this scrip if it sustains below 355 and in the down side, it could test 300 initially.
If the scrip sustains above 355 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 Tata Steel
For intraday, the crucial level is 355. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 355 in the upside for a target of 380. Short if it fails to sustain above 355 for a target of 300.
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Monday, July 13, 2009
TECHNICAL OUTLOOK, 13 JULY
Nifty (spot) 4003.00
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4010, then it could test 3900 and below that level it could test 3850.
Instead, if Nifty trades above 4010, then it could test 4060.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4010. 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 4370 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 3600 initially in the downside, if it fails to move above 4250 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1850 is crucial for short term. If it sustains above 1850, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1850 in coming trading sessions, then it is likely to turn weak and it could decline towards 1600 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1800. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1850 for a target of 1950. Initiate shorts if it fails to sustain above 1850 for a target of 1600.
SBI (spot)
The crucial level for the short term for this scrip is 1590. If it fails to sustain above 1590, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.
Instead, if it sustains above 1590, then the short term trend would turn bullish and in the upper side it is likely to move towards 1650.
Trading Strategy for SBI
For Intraday, the crucial level is 1550. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1590 for a target of 1400. And initiate longs if it sustains above 1590 for a target of 1650.
Rcom (spot)
The level 250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 280.
If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 250. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 250 for a target of 200. Initiate longs if it sustains above 250 for a target of 280.
Icici Bank (spot)
The level 650 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 700.
Instead, if it fails to sustain above 650, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 650 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 650 for a target of 550. Initiate longs if it sustains above 650 for a target of 700.
Tata Steel (spot)
The crucial level for the scrip in the short term is 370. The trend would remain bearish for this scrip if it sustains below 370 and in the down side, it could test 320 initially.
If the scrip sustains above 370 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 400.
Trading Strategy for Tata Steel
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 scrip sustains above 370 in the upside for a target of 400. Short if it fails to sustain above 370 for a target of 320.
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Tuesday, July 07, 2009
TECHNICAL OUTLOOK, 7 JULY
Nifty (spot) 4165.70
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4210, then it could test 4080 and below that level it could test 4000.
Instead, if Nifty trades above 4210, then it could test 4260.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4210. 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 4370 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1960 is crucial for short term. If it sustains above 1960, then it is likely to rally towards 2030.
Instead, if it fails to sustain above 1960 in coming trading sessions, then it is likely to turn weak and it could decline towards 1750 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1960. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1960 for a target of 2030. Initiate shorts if it fails to sustain above 1960 for a target of 1750.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1700, then it is likely to turn bearish and in the down side it could test 1500 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1770.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1500. And initiate longs if it sustains above 1700 for a target of 1770.
Rcom (spot)
The level 280 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 305.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 230 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 230. Initiate longs if it sustains above 280 for a target of 305.
Icici Bank (spot)
The level 705 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 735.
Instead, if it fails to sustain above 705, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 705 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 705 for a target of 650. Initiate longs if it sustains above 705 for a target of 735.
Tata Steel (spot)
The crucial level for the scrip in the short term is 410. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, it could test 350 initially.
If the scrip sustains above 410 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 410. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 410 in the upside for a target of 430. Short if it fails to sustain above 410 for a target of 350.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4210, then it could test 4080 and below that level it could test 4000.
Instead, if Nifty trades above 4210, then it could test 4260.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4210. 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 4370 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1960 is crucial for short term. If it sustains above 1960, then it is likely to rally towards 2030.
Instead, if it fails to sustain above 1960 in coming trading sessions, then it is likely to turn weak and it could decline towards 1750 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1960. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1960 for a target of 2030. Initiate shorts if it fails to sustain above 1960 for a target of 1750.
SBI (spot)
The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1700, then it is likely to turn bearish and in the down side it could test 1500 in coming trading sessions.
Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1770.
Trading Strategy for SBI
For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1500. And initiate longs if it sustains above 1700 for a target of 1770.
Rcom (spot)
The level 280 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 305.
If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 230 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 280. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 280 for a target of 230. Initiate longs if it sustains above 280 for a target of 305.
Icici Bank (spot)
The level 705 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 735.
Instead, if it fails to sustain above 705, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 705 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 705 for a target of 650. Initiate longs if it sustains above 705 for a target of 735.
Tata Steel (spot)
The crucial level for the scrip in the short term is 410. The trend would remain bearish for this scrip if it sustains below 410 and in the down side, it could test 350 initially.
If the scrip sustains above 410 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 410. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 410 in the upside for a target of 430. Short if it fails to sustain above 410 for a target of 350.
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Monday, July 06, 2009
TECHNICAL OUTLOOK, 6 JULY
Nifty (spot) 4424.25
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4370, then it could test 4230.
Instead, if Nifty trades above 4370, then it could test 4470.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4370. 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 4370 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1990 is crucial for short term. If it sustains above 1990, then it is likely to rally towards 2120.
Instead, if it fails to sustain above 1990 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1990. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1990 for a target of 2120. Initiate shorts if it fails to sustain above 1990 for a target of 1850.
SBI (spot)
The crucial level for the short term for this scrip is 1850. If it fails to sustain above 1850, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.
Instead, if it sustains above 1850, then the short term trend would turn bullish and in the upper side it is likely to move towards 1950.
Trading Strategy for SBI
For Intraday, the crucial level is 1850. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1850 for a target of 1600. And initiate longs if it sustains above 1850 for a target of 1950.
Rcom (spot)
The level 305 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 330.
If it fails to sustain above 305, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 305. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 305 for a target of 250. Initiate longs if it sustains above 305 for a target of 330.
Icici Bank (spot)
The level 775 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 775, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 775 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 775 for a target of 650. Initiate longs if it sustains above 775 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 430. The trend would remain bearish for this scrip if it sustains below 430 and in the down side, it could test 350 initially.
If the scrip sustains above 430 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.
Trading Strategy for Tata Steel
For intraday, the crucial level is 430. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 430 in the upside for a target of 450. Short if it fails to sustain above 430 for a target of 350.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4370, then it could test 4230.
Instead, if Nifty trades above 4370, then it could test 4470.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4370. 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 4370 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1990 is crucial for short term. If it sustains above 1990, then it is likely to rally towards 2120.
Instead, if it fails to sustain above 1990 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1990. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1990 for a target of 2120. Initiate shorts if it fails to sustain above 1990 for a target of 1850.
SBI (spot)
The crucial level for the short term for this scrip is 1850. If it fails to sustain above 1850, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.
Instead, if it sustains above 1850, then the short term trend would turn bullish and in the upper side it is likely to move towards 1950.
Trading Strategy for SBI
For Intraday, the crucial level is 1850. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1850 for a target of 1600. And initiate longs if it sustains above 1850 for a target of 1950.
Rcom (spot)
The level 305 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 330.
If it fails to sustain above 305, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 305. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 305 for a target of 250. Initiate longs if it sustains above 305 for a target of 330.
Icici Bank (spot)
The level 775 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 800.
Instead, if it fails to sustain above 775, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 775 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 775 for a target of 650. Initiate longs if it sustains above 775 for a target of 800.
Tata Steel (spot)
The crucial level for the scrip in the short term is 430. The trend would remain bearish for this scrip if it sustains below 430 and in the down side, it could test 350 initially.
If the scrip sustains above 430 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.
Trading Strategy for Tata Steel
For intraday, the crucial level is 430. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 430 in the upside for a target of 450. Short if it fails to sustain above 430 for a target of 350.
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Friday, July 03, 2009
TECHNICAL OUTLOOK, 3 JUNE
D Sathia Moorthy
Nifty (spot) 4348.85
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4320, then it could test 4270 and below this level, it could test 4200.
Instead, if Nifty trades above 4320, then it could test 4370.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4320. 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 4450 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1990 is crucial for short term. If it sustains above 1990, then it is likely to rally towards 2120.
Instead, if it fails to sustain above 1990 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1990. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1990 for a target of 2120. Initiate shorts if it fails to sustain above 1990 for a target of 1850.
SBI (spot)
The crucial level for the short term for this scrip is 1730. If it fails to sustain above 1730, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.
Instead, if it sustains above 1730, then the short term trend would turn bullish and in the upper side it is likely to move towards 1780.
Trading Strategy for SBI
For Intraday, the crucial level is 1730. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1730 for a target of 1600. And initiate longs if it sustains above 1730 for a target of 1780.
Rcom (spot)
The level 300 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 315.
If it fails to sustain above 300, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 300. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 315.
Icici Bank (spot)
The level 730 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 775.
Instead, if it fails to sustain above 730, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 715 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 730 for a target of 650. Initiate longs if it sustains above 730 for a target of 775.
Tata Steel (spot)
The crucial level for the scrip in the short term is 430. The trend would remain bearish for this scrip if it sustains below 430 and in the down side, it could test 350 initially.
If the scrip sustains above 430 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.
Trading Strategy for Tata Steel
For intraday, the crucial level is 430. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 430 in the upside for a target of 450. Short if it fails to sustain above 430 for a target of 350.
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Nifty (spot) 4348.85
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4320, then it could test 4270 and below this level, it could test 4200.
Instead, if Nifty trades above 4320, then it could test 4370.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4320. 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 4450 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1990 is crucial for short term. If it sustains above 1990, then it is likely to rally towards 2120.
Instead, if it fails to sustain above 1990 in coming trading sessions, then it is likely to turn weak and it could decline towards 1850 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1990. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1990 for a target of 2120. Initiate shorts if it fails to sustain above 1990 for a target of 1850.
SBI (spot)
The crucial level for the short term for this scrip is 1730. If it fails to sustain above 1730, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.
Instead, if it sustains above 1730, then the short term trend would turn bullish and in the upper side it is likely to move towards 1780.
Trading Strategy for SBI
For Intraday, the crucial level is 1730. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1730 for a target of 1600. And initiate longs if it sustains above 1730 for a target of 1780.
Rcom (spot)
The level 300 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 315.
If it fails to sustain above 300, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 300. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 315.
Icici Bank (spot)
The level 730 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 775.
Instead, if it fails to sustain above 730, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 715 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 730 for a target of 650. Initiate longs if it sustains above 730 for a target of 775.
Tata Steel (spot)
The crucial level for the scrip in the short term is 430. The trend would remain bearish for this scrip if it sustains below 430 and in the down side, it could test 350 initially.
If the scrip sustains above 430 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.
Trading Strategy for Tata Steel
For intraday, the crucial level is 430. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 430 in the upside for a target of 450. Short if it fails to sustain above 430 for a target of 350.
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Wednesday, July 01, 2009
TECHNICAL OUTLOOK, JULY 1
Nifty (spot) 4390.95
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4300, then it could test 4200 and below this level, it could test 4150.
Instead, if Nifty trades above 4300, then it could test 4350.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4300. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4450 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 2070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.
Instead, if it fails to sustain above 2070 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 2000. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 for a target of 1900.
SBI (spot)
The crucial level for the short term for this scrip is 1730. If it fails to sustain above 1730, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.
Instead, if it sustains above 1730, then the short term trend would turn bullish and in the upper side it is likely to move towards 1780.
Trading Strategy for SBI
For Intraday, the crucial level is 1730. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1730 for a target of 1600. And initiate longs if it sustains above 1730 for a target of 1780.
Rcom (spot)
The level 300 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 315.
If it fails to sustain above 300, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 300. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 315.
Icici Bank (spot)
The level 730 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 775.
Instead, if it fails to sustain above 730, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 715 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 730 for a target of 650. Initiate longs if it sustains above 730 for a target of 775.
Tata Steel (spot)
The crucial level for the scrip in the short term is 400. The trend would remain bearish for this scrip if it sustains below 400 and in the down side, it could test 350 initially.
If the scrip sustains above 400 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 400. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 400 in the upside for a target of 430. Short if it fails to sustain above 400 for a target of 350.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4300, then it could test 4200 and below this level, it could test 4150.
Instead, if Nifty trades above 4300, then it could test 4350.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4300. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 4450 for a target of 3600 with a stop at 4450 and trade long above 4450 for a target of 4650 with a stop at 4450.
Short term Technical View of Nifty
Nifty is likely to test 4000 initially in the downside, if it fails to move above 4450 in coming trading sessions.
The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 2070 is crucial for short term. If it sustains above 2070, then it is likely to rally towards 2120.
Instead, if it fails to sustain above 2070 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 2000. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 2070 for a target of 2120. Initiate shorts if it fails to sustain above 2070 for a target of 1900.
SBI (spot)
The crucial level for the short term for this scrip is 1730. If it fails to sustain above 1730, then it is likely to turn bearish and in the down side it could test 1600 in coming trading sessions.
Instead, if it sustains above 1730, then the short term trend would turn bullish and in the upper side it is likely to move towards 1780.
Trading Strategy for SBI
For Intraday, the crucial level is 1730. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1730 for a target of 1600. And initiate longs if it sustains above 1730 for a target of 1780.
Rcom (spot)
The level 300 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 315.
If it fails to sustain above 300, then the trend would turn bearish and in the downside it is likely to decline towards 250 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 300. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 300 for a target of 250. Initiate longs if it sustains above 300 for a target of 315.
Icici Bank (spot)
The level 730 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 775.
Instead, if it fails to sustain above 730, the short term trend would turn bearish and in the downside it is likely to decline towards 650 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 715 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 730 for a target of 650. Initiate longs if it sustains above 730 for a target of 775.
Tata Steel (spot)
The crucial level for the scrip in the short term is 400. The trend would remain bearish for this scrip if it sustains below 400 and in the down side, it could test 350 initially.
If the scrip sustains above 400 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430.
Trading Strategy for Tata Steel
For intraday, the crucial level is 400. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 400 in the upside for a target of 430. Short if it fails to sustain above 400 for a target of 350.
Visit us at:
www.sathiamoorthy.com
Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai
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