TECHNICAL OUTLOOK 27 DECEMBER

Nifty 39740.25

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Carborundum Universal 175.75

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 250 in coming months. Buy on decline with a stop at 145.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 26 DECEMBER

Nifty 3871.15

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.

DELIVERY CALLS

Bhushan steel 369.15

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 450 in coming weeks. Buy on decline with a stop at 330.


DCM 72.35

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 100 in coming weeks. Buy on decline with a stop at 62.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

9381203517

www.waveriders.in

asksathia@hotmail.com