TECHNICAL OUTLOOK, 29 OCTOBER

Nifty (spot) 4826.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4780, then it could test 4700.

Instead, if Nifty trades above 4780, then it could test 4820.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 4780. 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 4920 for a target of 4500 with a stop at 4920 and trade long above 4920 for a target of 5200 with a stop at 4920.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4920 in coming trading sessions. And if it trades above 4920, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2020 is crucial for short term. If it sustains above 2020, then it is likely to rally towards 2080.

Instead, if it fails to sustain above 2020 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 2020. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2020 for a target of 2080. Initiate shorts if it fails to sustain above 2020 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 2240. If it fails to sustain above 2240, then it is likely to turn bearish and in the down side it could test 2100 in coming trading sessions.

Instead, if it sustains above 2240, then the short term trend would turn bullish and in the upper side it is likely to move towards 2300.


Trading Strategy for SBI

For Intraday, the crucial level is 2240. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2240 for a target of 2100. And initiate longs if it sustains above 2240 for a target of 2300.



Rcom (spot)

The level 225 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 250.

If it fails to sustain above 225, then the trend would turn bearish and in the downside it is likely to decline towards 180 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 215. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 225 for a target of 180. Initiate longs if it sustains above 225 for a target of 250.





Icici Bank (spot)

The level 870 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 900.

Instead, if it fails to sustain above 870, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 870 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 870 for a target of 940. Initiate longs if it sustains above 870 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 495. The trend would remain bearish for this scrip if it sustains below 495 and in the down side, it could test 450 initially.

If the scrip sustains above 495, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 550.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 495 in the upside for a target of 550. Short if it fails to sustain above 495 for a target of 450.


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TECHNICAL OUTLOOK, 28 OCTOBER

Nifty (spot) 4846.70



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4860, then it could test 4780 and below that level it could test 4740.

Instead, if Nifty trades above 4860, then it could test 4900.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 4860. 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 4920 for a target of 4500 with a stop at 4920 and trade long above 4920 for a target of 5200 with a stop at 4920.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4920 in coming trading sessions. And if it trades above 4920, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2020 is crucial for short term. If it sustains above 2020, then it is likely to rally towards 2080.

Instead, if it fails to sustain above 2020 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 2020. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2020 for a target of 2080. Initiate shorts if it fails to sustain above 2020 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 2240. If it fails to sustain above 2240, then it is likely to turn bearish and in the down side it could test 2100 in coming trading sessions.

Instead, if it sustains above 2240, then the short term trend would turn bullish and in the upper side it is likely to move towards 2300.


Trading Strategy for SBI

For Intraday, the crucial level is 2240. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2240 for a target of 2100. And initiate longs if it sustains above 2240 for a target of 2300.



Rcom (spot)

The level 225 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 250.

If it fails to sustain above 225, then the trend would turn bearish and in the downside it is likely to decline towards 180 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 215. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 225 for a target of 180. Initiate longs if it sustains above 225 for a target of 250.





Icici Bank (spot)

The level 870 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 900.

Instead, if it fails to sustain above 870, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 870 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 870 for a target of 940. Initiate longs if it sustains above 870 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 495. The trend would remain bearish for this scrip if it sustains below 495 and in the down side, it could test 450 initially.

If the scrip sustains above 495, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 550.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 495 in the upside for a target of 550. Short if it fails to sustain above 495 for a target of 450.


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TECHNICAL OUTLOOK, 27 OCTOBER

Nifty (spot) 4970.90



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4985, then it could test 4920 and below that level it could test 4850.

Instead, if Nifty trades above 4985, then it could test 5010.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 4985. 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 4920 for a target of 4500 with a stop at 4920 and trade long above 4920 for a target of 5200 with a stop at 4920.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4920 in coming trading sessions. And if it trades above 4920, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2020 is crucial for short term. If it sustains above 2020, then it is likely to rally towards 2080.

Instead, if it fails to sustain above 2020 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 2020. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2020 for a target of 2080. Initiate shorts if it fails to sustain above 2020 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 2330. If it fails to sustain above 2330, then it is likely to turn bearish and in the down side it could test 2200 in coming trading sessions.

Instead, if it sustains above 2330, then the short term trend would turn bullish and in the upper side it is likely to move towards 2400.


Trading Strategy for SBI

For Intraday, the crucial level is 2330. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2330 for a target of 2200. And initiate longs if it sustains above 2330 for a target of 2400.



Rcom (spot)

The level 225 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 250.

If it fails to sustain above 225, then the trend would turn bearish and in the downside it is likely to decline towards 180 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 225. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 225 for a target of 180. Initiate longs if it sustains above 225 for a target of 250.





Icici Bank (spot)

The level 900 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 940.

Instead, if it fails to sustain above 900, the short term trend would turn bearish and in the downside it is likely to decline towards 800 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 900 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 900 for a target of 940. Initiate longs if it sustains above 900 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


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Contact:
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TECHNICAL OUTLOOK, 26 OCTOBER

Nifty (spot) 4997.45



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5010, then it could test 4950 and below that level it could test 4920.

Instead, if Nifty trades above 5010, then it could test 5070.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5010. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 2050 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2150. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2150 for a target of 2230. Initiate shorts if it fails to sustain above 2150 for a target of 2050.



SBI (spot)

The crucial level for the short term for this scrip is 2380. If it fails to sustain above 2380, then it is likely to turn bearish and in the down side it could test 2250 in coming trading sessions.

Instead, if it sustains above 2380, then the short term trend would turn bullish and in the upper side it is likely to move towards 2500.


Trading Strategy for SBI

For Intraday, the crucial level is 2380. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2380 for a target of 2250. And initiate longs if it sustains above 2380 for a target of 2500.



Rcom (spot)

The level 245 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 245, 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 245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 245 for a target of 200. Initiate longs if it sustains above 245 for a target of 275.





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


Visit us at:
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TECHNICAL OUTLOOK, 23 OCTOBER

Nifty (spot) 4988.45



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5070, then it could test 5000 and below that level it could test 1920.

Instead, if Nifty trades above 5070, then it could test 5120.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5070. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 2050 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2150. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2150 for a target of 2230. Initiate shorts if it fails to sustain above 2150 for a target of 2050.



SBI (spot)

The crucial level for the short term for this scrip is 2380. If it fails to sustain above 2380, then it is likely to turn bearish and in the down side it could test 2250 in coming trading sessions.

Instead, if it sustains above 2380, then the short term trend would turn bullish and in the upper side it is likely to move towards 2500.


Trading Strategy for SBI

For Intraday, the crucial level is 2380. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2380 for a target of 2250. And initiate longs if it sustains above 2380 for a target of 2500.



Rcom (spot)

The level 245 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 245, 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 245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 245 for a target of 200. Initiate longs if it sustains above 245 for a target of 275.





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


Visit us at:
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Contact:
9381203517
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TECHNICAL OUTLOOK, 22 OCTOBER

Nifty (spot) 5114.45



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5070, then it could test 5000 and below that level it could test 4920.

Instead, if Nifty trades above 5070, then it could test 5120.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5070. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 2050 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2150. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2150 for a target of 2230. Initiate shorts if it fails to sustain above 2150 for a target of 2050.



SBI (spot)

The crucial level for the short term for this scrip is 2380. If it fails to sustain above 2380, then it is likely to turn bearish and in the down side it could test 2250 in coming trading sessions.

Instead, if it sustains above 2380, then the short term trend would turn bullish and in the upper side it is likely to move towards 2500.


Trading Strategy for SBI

For Intraday, the crucial level is 2380. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2380 for a target of 2250. And initiate longs if it sustains above 2380 for a target of 2500.



Rcom (spot)

The level 245 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 275.

If it fails to sustain above 245, 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 245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 245 for a target of 200. Initiate longs if it sustains above 245 for a target of 275.





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


Visit us at:

www.sathiamoorthy.com

Contact:

9381203517

sathiamoorthyd@gmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com

Chennai

TECHNICAL OUTLOOK, 21 OCTOBER

Nifty (spot) 5114.45



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5140, then it could test 5070 and below that level it could test 5020.

Instead, if Nifty trades above 5140, then it could test 5180.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 15 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions. If it is a deep correction, then, initially it could test 4600 in another 20 trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5140. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2230 is crucial for short term. If it sustains above 2230, then it is likely to rally towards 2280.

Instead, if it fails to sustain above 2230 in coming trading sessions, then it is likely to turn weak and it could decline towards 2050 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2230. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2230 for a target of 2280. Initiate shorts if it fails to sustain above 2230 for a target of 2050.



SBI (spot)

The crucial level for the short term for this scrip is 2500. If it fails to sustain above 2500, then it is likely to turn bearish and in the down side it could test 2350 in coming trading sessions.

Instead, if it sustains above 2500, then the short term trend would turn bullish and in the upper side it is likely to move towards 2560.


Trading Strategy for SBI

For Intraday, the crucial level is 2430. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2500 for a target of 2350. And initiate longs if it sustains above 2500 for a target of 2560.



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


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TECHNICAL OUTLOOK, 20 OCTOBER

Nifty (spot) 5124.00



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5120, then it could test 5020.

Instead, if Nifty trades above 5120, then it could test 5180.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 10 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5120. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2230 is crucial for short term. If it sustains above 2230, then it is likely to rally towards 2280.

Instead, if it fails to sustain above 2230 in coming trading sessions, then it is likely to turn weak and it could decline towards 2050 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2230. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2230 for a target of 2280. Initiate shorts if it fails to sustain above 2230 for a target of 2050.



SBI (spot)

The crucial level for the short term for this scrip is 2500. If it fails to sustain above 2500, then it is likely to turn bearish and in the down side it could test 2350 in coming trading sessions.

Instead, if it sustains above 2500, then the short term trend would turn bullish and in the upper side it is likely to move towards 2560.


Trading Strategy for SBI

For Intraday, the crucial level is 2430. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2500 for a target of 2350. And initiate longs if it sustains above 2500 for a target of 2560.



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


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TECHNICAL OUTLOOK, 16 OCTOBER

Nifty (spot) 5108.85



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5120, then it could test 5020.

Instead, if Nifty trades above 5120, then it could test 5150.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 10 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5120. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2160. Trade long above these levels and trade short below these levels.

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



SBI (spot)

The crucial level for the short term for this scrip is 2250. If it fails to sustain above 2250, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.

Instead, if it sustains above 2250, then the short term trend would turn bullish and in the upper side it is likely to move towards 2320.


Trading Strategy for SBI

For Intraday, the crucial level is 2250. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2250 for a target of 2050. And initiate longs if it sustains above 2250 for a target of 2320.



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


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TECHNICAL OUTLOOK, 15 OCTOBER

Nifty (spot) 5120.20



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5090, then it could test 5020.

Instead, if Nifty trades above 5090, then it could test 5150.



Though Nifty is making new highs, it has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 10 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5090. 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 4950 for a target of 4500 with a stop at 4950 and trade long above 4950 for a target of 5200 with a stop at 4950.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4950 in coming trading sessions. And if it trades above 4950, then it could test 5200 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2160. Trade long above these levels and trade short below these levels.

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



SBI (spot)

The crucial level for the short term for this scrip is 2250. If it fails to sustain above 2250, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.

Instead, if it sustains above 2250, then the short term trend would turn bullish and in the upper side it is likely to move towards 2320.


Trading Strategy for SBI

For Intraday, the crucial level is 2250. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2250 for a target of 2050. And initiate longs if it sustains above 2250 for a target of 2320.



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 500 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 590.


Trading Strategy for Tata Steel

For intraday, the crucial level is 590. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 540 in the upside for a target of 590. Short if it fails to sustain above 540 for a target of 500.


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TECHNICAL OUTLOOK, 14 OCTOBER

Nifty (spot) 4941.25



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5060, then it could test 5020.

Instead, if Nifty trades above 5060, then it could test 5130.



Nifty has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 4 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5060. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 5000 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 5000 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5000. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2160. Trade long above these levels and trade short below these levels.

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



SBI (spot)

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

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


Trading Strategy for SBI

For Intraday, the crucial level is 2190. Trade long above this level and trade short below this level.

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



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 940 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

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

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


Trading Strategy for Tata Steel

For intraday, the crucial level is 555. Trade long above this level and be short below this level.

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


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TECHNICAL OUTLOOK, 12 OCTOBER

Nifty (spot) 4941.25



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4970, then it could test 4900 and below that level, it could test 4850.

Instead, if Nifty trades above 4970, then it could test 5020.



Nifty has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 4 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 4970. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 5000 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 5000 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5000. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2135. Trade long above these levels and trade short below these levels.

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



SBI (spot)

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

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


Trading Strategy for SBI

For Intraday, the crucial level is 2135. Trade long above this level and trade short below this level.

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



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 920 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

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

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 550.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 550. Short if it fails to sustain above 525 for a target of 460.


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TECHNICAL OUTLOOK, 9 OCTOBER

Nifty (spot) 5002.25



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5020, then it could test 4950 and below that level, it could test 4880.

Instead, if Nifty trades above 5020, then it could test 5050.



Nifty has already broken the trend line drawn from the low of March 2009 to 13 July 2009 in log scale and also for the past 4 trading sessions, it is drifting away from the trendline.

A sideways movement or a deep correction is possible in few trading sessions.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5020. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 4720 for a target of 3900 with a stop at 4720 and trade long above 4720 for a target of 5000 with a stop at 4720.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4720 in coming trading sessions. And if it trades above 4720, then it could test 5000 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5000. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

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

Instead, if it fails to sustain above 2150 in coming trading sessions, then it is likely to turn weak and it could decline towards 1950 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2135. Trade long above these levels and trade short below these levels.

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



SBI (spot)

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

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


Trading Strategy for SBI

For Intraday, the crucial level is 2135. Trade long above this level and trade short below this level.

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



Rcom (spot)

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

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


Trading Strategy for Rcom


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

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





Icici Bank (spot)

The level 940 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 970.

Instead, if it fails to sustain above 940, the short term trend would turn bearish and in the downside it is likely to decline towards 850 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 920 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 940 for a target of 970. Initiate longs if it sustains above 940 for a target of 850.




Tata Steel (spot)

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

If the scrip sustains above 525, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 550.


Trading Strategy for Tata Steel

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

Positional traders can initiate longs if the scrip sustains above 525 in the upside for a target of 550. Short if it fails to sustain above 525 for a target of 460.


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