Friday, April 30, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 30 April

Today, 5270 is the crucial intraday level for Nifty.
If Nifty sustains below 5270, then it could test 5220.
Instead, if Nifty trades above 5270, then it could test 5300.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 30 April

Today, 5275 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5275, then it could test 5220.
Instead, if Nifty futures trades above 5275 then it could test 5310.


Sensex- Technical Outlook and Trading Levels, 30 April

Today, 17580 is the crucial intraday level for Sensex.
If Sensex sustains below 17580,  then it could test 17450.
Instead, if Sensex trades above 17580, then it could test 17700.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 30 April

Bank Nifty Intraday levels and range 

Today, 9750 is crucial for Intraday.
If Bank Nifty sustains below 9750, then it could test 9600.
Instead, if Bank Nifty trades above 9750, then it could test 9950.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Longterm Technical View of Chinese Index, shanghai Composite (SSEC)

The Shanghai Stock Exchange Composite Index has been in a bull Market since 2003 and it is likely to top out in mid of 2010. The correction in 2008 could be taken as a bull market correction and the present rally since 2009 can be taken as the final rally of this bull market.

Thursday, April 29, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 29 April

Today, 5240 is the crucial intraday level for Nifty.
If Nifty sustains below 5240, then it could test 5180.
Instead, if Nifty trades above 5240, then it could test 5290.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 29 April

Today, 5240 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5240, then it could test 5180.
Instead, if Nifty futures trades above 5240 then it could test 5290.


Sensex- Technical Outlook and Trading Levels, 29 April

Today, 17550 is the crucial intraday level for Sensex.
If Sensex sustains below 17550,  then it could test 17250.
Instead, if Sensex trades above 17550, then it could test 17670.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 29 April

Bank Nifty Intraday levels and range 

Today, 9600 is crucial for Intraday.
If Bank Nifty sustains below 9600, then it could test 9450.
Instead, if Bank Nifty trades above 9600, then it could test 9750 and above 9750 it could 9820.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 29 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Wednesday, April 28, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 28 April

Today, 5265 is the crucial intraday level for Nifty.
If Nifty sustains below 5265, then it could test 5225.
Instead, if Nifty trades above 5265, then it could test 5300.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 28 April

Today, 5265 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5265, then it could test 5225.
Instead, if Nifty futures trades above 5265 then it could test 5300.


Sensex- Technical Outlook and Trading Levels, 28 April

Today, 17550 is the crucial intraday level for Sensex.
If Sensex sustains below 17550,  then it could test 17400.
Instead, if Sensex trades above 17550, then it could test 17650.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 28 April

Bank Nifty Intraday levels and range 

Today, 9600 is crucial for Intraday.
If Bank Nifty sustains below 9600, then it could test 9450.
Instead, if Bank Nifty trades above 9600, then it could test 9750.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 28 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Tuesday, April 27, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 27 April

Today, 5310 is the crucial intraday level for Nifty.
If Nifty sustains below 5310, then it could test 5280.
Instead, if Nifty trades above 5310, then it could test 5380.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 27 April

Today, 5310 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5310, then it could test 5280.
Instead, if Nifty futures trades above 5310 then it could test 5380.


Sensex- Technical Outlook and Trading Levels, 27 April

Today, 17800 is the crucial intraday level for Sensex.
If Sensex sustains below 17800,  then it could test 17680.
Instead, if Sensex trades above 17800, then it could test 18000.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 27 April

Bank Nifty Intraday levels and range 

Today, 9800 is crucial for Intraday.
If Bank Nifty sustains below 9800, then it could test 9700.
Instead, if Bank Nifty trades above 9800, then it could test 9950.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 27 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Monday, April 26, 2010

Long Term Technical Outlook of Infosys, 26 April 2010

Infosys Technologies which saw a big bull market from 1998 to 2000 is one of the few stocks which managed to move past its 2000 high in the next bull market which started around 2003.



Infosys had topped in 2007 before the Index topped in 2008. Since it has a tendency to top out before Index for the past two tops in 2006 and 2008, it is likely to top out before Index in this current rally also.


Nifty - Technical Outlook and Intraday Trading Levels, 26 April

Today, 5310 is the crucial intraday level for Nifty.
If Nifty sustains below 5310, then it could test 5280.
Instead, if Nifty trades above 5310, then it could test 5380.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 26 April

Today, 5310 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5310, then it could test 5280.
Instead, if Nifty futures trades above 5310 then it could test 5380.


Sensex- Technical Outlook and Trading Levels, 26 April

Today, 17800 is the crucial intraday level for Sensex.
If Sensex sustains below 17800,  then it could test 17680.
Instead, if Sensex trades above 17800, then it could test 18000.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 26 April

Bank Nifty Intraday levels and range 

Today, 9800 is crucial for Intraday.
If Bank Nifty sustains below 9800, then it could test 9700.
Instead, if Bank Nifty trades above 9800, then it could test 9950.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 26 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Friday, April 23, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 23 April

Today, 5240 is the crucial intraday level for Nifty.
If Nifty sustains below 5240, then it could test 5220 and below that level it could test 5170.
Instead, if Nifty trades above 5240, then it could test 5300.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 23 April

Today, 5245 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5245, then it could test 5215 and below that level it could test 5170.
Instead, if Nifty futures trades above 5245 then it could test 5310.


Sensex- Technical Outlook and Trading Levels, 23 April

Today, 17520 is the crucial intraday level for Sensex.
If Sensex sustains below 17520,  then it could test 17400 and below that level it could test 17250.
Instead, if Sensex trades above 17520, then it could test 17670.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 23 April

Bank Nifty Intraday levels and range 

Today, 9570 is crucial for Intraday.
If Bank Nifty sustains below 9570, then it could test 9510.
Instead, if Bank Nifty trades above 9570, then it could test 9700.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1100. Trade short below 1040 for a target of 980.

Thursday, April 22, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 22 April

Today, 5240 is the crucial intraday level for Nifty.
If Nifty sustains below 5240, then it could test 5220 and below that level it could test 5170.
Instead, if Nifty trades above 5240, then it could test 5300.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 22 April

Today, 5245 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5245, then it could test 5215 and below that level it could test 5170.
Instead, if Nifty futures trades above 5245 then it could test 5310.


Sensex- Technical Outlook and Trading Levels, 22 April

Today, 17520 is the crucial intraday level for Sensex.
If Sensex sustains below 17520,  then it could test 17400 and below that level it could test 17250.
Instead, if Sensex trades above 17520, then it could test 17670.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 22 April

Bank Nifty Intraday levels and range 

Today, 9510 is crucial for Intraday.
If Bank Nifty sustains below 9510, then it could test 9460 and below that level it could test 9400.
Instead, if Bank Nifty trades above 9510, then it could test 9590.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1070. Trade short below 1040 for a target of 980.

Wednesday, April 21, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 21 April

Today, 5240 is the crucial intraday level for Nifty.
If Nifty sustains below 5240, then it could test 5170.
Instead, if Nifty trades above 5240, then it could test 5300.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 21 April

Today, 5250 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5250, then it could test 5170.
Instead, if Nifty futures trades above 5250 then it could test 5310.


Sensex- Technical Outlook and Trading Levels, 21 April

Today, 17520 is the crucial intraday level for Sensex.
If Sensex sustains below 17520,  then it could test 17400.
Instead, if Sensex trades above 17520, then it could test 17670.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 21 April

Bank Nifty Intraday levels and range 

Today, 9400 is crucial for Intraday.
If Bank Nifty sustains below 9400, then it could test 9350 and below that level it could test 9300.
Instead, if Bank Nifty trades above 9400, then it could test 9590.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1070. Trade short below 1040 for a target of 980.

Tuesday, April 20, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 20 April

Today, 5230 is the crucial intraday level for Nifty.
If Nifty sustains below 5230, then it could test 5160.
Instead, if Nifty trades above 5230, then it could test 5280.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 20 April

Today, 5250 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5250, then it could test 5170 and below that level it could test 5050.
Instead, if Nifty futures trades above 5250 then it could test 5290.


Sensex- Technical Outlook and Trading Levels, 20 April

Today, 17350 is the crucial intraday level for Sensex.
If Sensex sustains below 17350,  then it could test 17250.
Instead, if Sensex trades above 17350, then it could test 17500.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 20 April

Bank Nifty Intraday levels and range 

Today, 9300 is crucial for Intraday.
If Bank Nifty sustains below 9300, then it could test 9150 and below that level it could test 9000.
Instead, if Bank Nifty trades above 9300, then it could test 9450.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 20 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1070. Trade short below 1040 for a target of 980.

Monday, April 19, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 19 April

Today, 5230 is the crucial intraday level for Nifty.
If Nifty sustains below 5230, then it could test 5160.
Instead, if Nifty trades above 5290, then it could test 5280.


Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.

Nifty Futures - Intraday and Positional Trading Levels, 19 April

Today, 5245 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5245, then it could test 5170.
Instead, if Nifty futures trades above 5245 then it could test 5290.


Sensex- Technical Outlook and Trading Levels, 19 April

Today, 17350 is the crucial intraday level for Sensex.
If Sensex sustains below 17350,  then it could test 17250.
Instead, if Sensex trades above 17350, then it could test 17500.



Technical View and Trading Levels of Cnx IT & Bank Nifty, 19 April

Bank Nifty Intraday levels and range 

Today, 9300 is crucial for Intraday.
If Bank Nifty sustains below 9300, then it could test 9150 and below that level it could test 9000.
Instead, if Bank Nifty trades above 9300, then it could test 9450.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 19 April

Reliance
Today, 1070 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1070 is crucial for short term. Positional Traders, trade long above 1070, for a target of 1140. Trade short below 1070 for a target of 1040.