Friday, January 12, 2007
TECHNICAL OUTLOOK 12 JANUARY
Nifty 3942.25
Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.
DELIVERY CALL
IDBI 86.45
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 120 in coming weeks. Buy on decline with a stop at 77.
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.
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
Wednesday, January 10, 2007
TECHNICAL OUTLOOK 10 JANUARY
Nifty 3911.40
Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.
DELIVERY CALL
Cinevista Commun 28.00
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 38 in coming weeks. Buy on decline towards 26 with a stop at 23.50.
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
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