TECHNICAL OUTLOOK 26 FEBRUARY

Nifty 3938.95

As long as Nifty trades below 4030, the trend would remain weak and in the downside it could test 3850 and below this level it could test 3750.Instead, if Nifty trades above 4030, it would confirm the termination of the correction.

In the extreme short term, cross over of 3850 or 4030 would decide the direction of the trend.

Today it is likely to trade in between 3990 and 3850.




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TECHNICAL OUTLOOK 19 FEBRUARY

Nifty 4146.20

Short term is looking bullish and it has potential of testing 4250 in coming trading sessions and this view holds good as long as it sustains above 4090.

In the extreme short term, if Nifty sustains above 4130, it is likely to test 4250.

Today, if Nifty sustains above 4130, it is likely to test 4190.



Medium term outlook of Nifty would remain bullish as long as it stays above 4050.



DELIVERY CALL

S kumars 79.05

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 73.

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