TECHNICAL OUTLOOK 05 FEBRUARY

Nifty 4183.50

Short term trend would remain bullish as long as Nifty sustains above 4100 and in the upper side it could test 4300 in coming trading sessions.

In the extreme short term, if Nifty sustains above 4150, it is likely to test 4230. And also it is likely to swing between these two levels for few trading sessions before moving towards 4300.

Today, if Nifty sustains above 4160, it is likely to test 4200 and above 4200, it could test 4230.



Now the broad stop loss for the longs is 4100.






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TECHNICAL OUTLOOK 01 FEBRUARY

Nifty 4082.70


Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for subscribers.




DELIVERY CALL


Media Video 53.85

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 75 in coming weeks. Buy on decline with a stop at 47.




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