TECHNICAL OUTLOOK 30 NOVEMBER

Nifty 3928.20

As mentioned yesterday, short term trend in nifty would remain bullish as long as Nifty stays above 3915 and in the upside it could test 4000 initially.

In the extreme short term, if Nifty sustains above 3915, it likely to bounce from current levels.
Instead, if it fails to sustain above 3915, it is likely to decline towards 3895.

Today, If Nifty sustains above 3915, it is likely to test 3955 and above 3955, it could test 3970.


Satyam 451.40

The short term trend is looking bullish and it has potential of testing 500 in coming trading sessions. Buy on decline with a stop at 440.

Long term investors can continue to hold this scrip with a stop at 400 for a target of 600 in coming months.



DELIVERY CALL


Amara Raja Batteries 413.90

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 550 in coming weeks. Buy on decline with a stop at 370.



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.


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TECHNICAL OUTLOOK 29 NOVEMBER

Nifty 3921.75

Short term trend in nifty would remain bullish as long as Nifty stays above 3915. If it sustains below this level, then correction is likely to extend further in the downside.

In the extreme short term, if Nifty sustains above 3915, it likely to bounce from current levels.
Instead, if it fails to sustain above 3915, it is likely to decline towards 3895.

Today, If Nifty sustains above 3915, it is likely to test 3940 and above 3940, it could test 3965. Instead, if it moves below 3915, it could test 3895.


Reliance Capital 604.15

The short term trend is looking bullish and it has potential of testing 650 in coming trading sessions. Buy on decline with a stop at 565.

In the extreme short term, if it fails to sustain above 595, it could test 565. If the level, 595 is not violated in the downside, then it is likely to bounce from current levels.

Long term investors can continue to hold this scrip with a stop at 530 for a target of 800 in coming months.

DELIVERY CALL

Eicher 131.65

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 170 in coming weeks. Buy on decline with a stop at 115.



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.


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TECHNICAL OUTLOOK 28 NOVEMBER

Nifty 3968.90

Short term trend in nifty would remain bullish as long as Nifty stays above 3915.

In the extreme short term, if Nifty sustains above 3960, it likely to test 4000. Instead, if it fails to sustain above 3960, it is likely to decline towards 3920.

Today, If Nifty sustains above 3960, it is likely to test 4000. If it trades below 3960, then, it is likely to test 3940 and below 3940, it could test 3920.


DELIVERY CALL

Crompton Greaves 274.85

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 350 in coming weeks. Buy on decline with a stop at 240.



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.



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TECHNICAL OUTLOOK 27 NOVEMBER

Nifty 3950.85

Short term trend in nifty would remain bullish as long as Nifty stays above 3915.

In the extreme short term, if Nifty sustains above 3960, it likely to test 4000.

Today, If Nifty sustains above 3960, it is likely to test 4000. Below 3940, it could test 3920.


Infosys 2234.00

The short term trend is looking bullish and it has potential of testing 2330 in coming trading sessions. Buy on decline with a stop at 2190.

Long term investors can continue to hold this scrip with a stop at 2130 for a target of 2600 in coming months.


DELIVERY CALL

Finolex Cables 507.30

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 600 in coming weeks. Buy on decline with a stop at 480.



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.


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TECHNICAL OUTLOOK 24 NOVEMBER

Nifty 3945.45

Short term trend in nifty would remain bullish as long as Nifty stays above 3915.

In the extreme short term, if Nifty fails to sustain above 3950, it likely to test 3920. If it sustains above 3950, then it is likely to test 4000.

Today, If Nifty sustains above 3950, it is likely to test 3970 and above 3970, it could test 4000.
Instead, if it trades below 3940, it could test 3920.



Mahindra &Mahindra 832.75

The short term trend is looking bullish and it has potential of testing 880 in coming trading sessions. Buy on decline with a stop at 820.

Long term investors can continue to hold this scrip with a stop at 740 for a target of 1100 in coming months.



DELIVERY CALL

Moser Baer 278.00

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 350 in coming weeks. Buy on decline with a stop at 245.



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.

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TECHNICAL OUTLOOK 23 NOVEMBER

Nifty 3954.75

Nifty is with in our target range of 3950-4000. Now, Nifty is likely to struggle around this region before moving to the next higher target.

In the extreme short term, if Nifty sustains above 3950, it likely to test 4000.

Today, If Nifty sustains above 3950, it is likely to test 3985 and above 3985, it could test 4000.


TCS 1143.00

The short term trend is looking bullish and it has potential of testing 1250 in coming trading sessions. Buy on decline with a stop at 1115.

Long term investors can continue to hold this scrip with a stop at 1050 for a target of 1500 in coming months.



DELIVERY CALL

India cements 225.30

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 300 in coming months. Buy on decline with a stop at 200.

In the extreme short term, if the scrip fails to sustain above 220, it is likely to decline towards 200 level.



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.



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TECHNICAL OUTLOOK 22 NOVEMBER

Nifty 3918.25

The short term trend in Nifty is looking bullish, and it is likely to test 3950-4000 level in coming trading sessions and this view holds good as long as Nifty stays above 3850.

In the extreme short term, if Nifty sustains above 3910, then it could test 3960. If it fails to sustain above 3910, then it is likely to decline towards 3885.

Today, If Nifty sustains above 3910, then it is likely to test 3960.



IPCL 282.85

The short term trend is looking bullish and it has potential of testing 330 in coming trading sessions. Buy on decline with a stop at 270.

If it trades below 270, then it is likely to decline up to 245.

Long term investors can continue to hold this scrip with a stop at 245 for a target of 400 in coming months.

DELIVERY CALL

United Phosphorus 29.45

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 40 in coming months. Buy on decline with a stop at 25.



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.


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TECHNICAL OUTLOOK 21 NOVEMBER

Nifty 3856.15

The short term trend in Nifty is looking bullish, and it is likely to test 3950-4000 level in coming trading sessions and this view holds good as long as Nifty stays above 3820.

In the extreme short term, if Nifty sustains above 3855, then it could test 3900.

Today, If Nifty sustains above 3855, then it is likely to test 3885 and above 3885, it could test 3900-3910 level.



Acc 1052.10

The short term trend is looking bullish and it has potential of testing 1150 in coming trading sessions. Buy on decline with a stop at 1020.

Long term investors can continue to hold this scrip with a stop at 960 for a target of 1350 in coming months.



DELIVERY CALL

Thermax 371.40

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 months. Buy on decline with a stop at 320.

In the extreme short term, the scrip has potential of declining towards 350 level.




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.


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TECHNICAL OUTLOOK 20 NOVEMBER

Nifty 3852.80

The short term trend in Nifty would remain bullish as long as it stays above 3810. In the extreme short term, if it fails to move above 3865, it is likely to decline towards 3820, from where it could bounce. If it stays above 3865, then it is likely to move further towards 3900.

Today, If Nifty sustains above 3865, then it is likely to test 3885. Below 3845, it could test 3820-3825 level.


Reliance Capital 559.40

The short term trend is looking bullish and it has potential of testing 585 initially in coming trading sessions and above 585, it could test 610. Buy on decline with a stop at 540.

Long term investors can continue to hold this scrip with a stop at 500 for a target of 700 in coming months.



DELIVERY CALL

Jindal Steel 2085.10

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 2700 in coming months. Buy on decline with a stop at 1800.



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.

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TECHNICAL OUTLOOK 17 NOVEMBER

Nifty 3876.30

As mentioned earlier, if Nifty moves above 3875 and sustains above that level, then it is likely to test 3940-3950 level in coming trading sessions. Nifty is likely to see corrective movement around this level.

Instead, if it fails to sustain above 3850, in the downside, it could test 3820.

Today, If Nifty sustains above 3865, then it is likely to test 3885 and above 3885, Nifty could test 3910.


Bata 205.45

The short term trend is looking bullish and it has potential of testing 250 in coming trading sessions. Buy on decline with a stop at 185.

In the extreme short term, if it sustains above 195, then it is likely to bounce from current levels.

Long term investors can continue to hold this scrip with a stop at 180 for a target of 300 in coming months.



DELIVERY CALLS

Hindustan Motors 37.75

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

In short term, chart indicates a rally towards 50 in coming weeks. Buy on decline with a stop at 33.



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.


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TECHNICAL OUTLOOK 16 NOVEMBER

Nifty 3876.30

As mentioned yesterday, if Nifty moves above 3875 and sustains above that level, then it is likely to test 3940-3950 level in coming trading sessions. Nifty is likely to see corrective movement around this level.

Instead, if it fails to sustain above 3850, in the downside, it could test 3820.

Today, If Nifty sustains above 3865, then it is likely to test 3895 and above 3895,Nifty could test 3910.


Outlook of Aurobindho Pharma, Canara Bank, Bata, and Bombay Dyeing is available in our paid newsletter.



Reliance 1259.90

The short term trend is looking bullish and it has potential of testing 1350 in coming trading sessions. Buy on decline with a stop at 1220.

If it sustains above 1250, then it is likely to bounce from current levels.

It is likely to struggle around 1300, before moving towards 1350.

In case if it trades below 1220, in the downside, it could test 1180. Even then, the bullish view would remain valid.

Long term investors can continue to hold this scrip with a stop at 1100 for good upside potential in coming months.



DELIVERY CALLS

Tata Elxsi (I) 255.00

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

In short term, chart indicates a rally towards 320 in coming weeks. Buy on decline with a stop at 220.



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.


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TECHNICAL OUTLOOK 15 NOVEMBER

Nifty 3865.90

If Nifty moves above 3875 and sustains above that level, then it is likely to test 3940-3950 level in coming trading sessions. Nifty is likely to see corrective movement around this level.

Instead, if it fails to sustain above 3850, in the downside, it could test 3820.

Today, If Nifty sustains above 3875, then it is likely to test 3890 and above 3890,Nifty could test 3910.


Outlook of Sterlite, SRF, S kumars, and Sesa Goa is available in our paid Newsletter.



BHEL 2458.55

The short term trend is looking bullish and it has potential of testing 2600 in coming trading sessions. Buy on decline with a stop at 2410.

It is likely to struggle around 2520, before moving towards 2600.

In case if it trades below 2410, in the downside, it could test 2320. Even then, the bullish view would remain valid.

Long term investors can continue to hold this scrip with a stop at 2200 for good upside potential in coming months.



DELIVERY CALLS

Rolta 247.40

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

In short term, chart indicates a rally towards 300 in coming weeks. Buy on decline with a stop at 220.



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.



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TECHNICAL OUTLOOK 14 NOVEMBER

Nifty 3858.75

Nifty is likely to test 3910 level in coming trading sessions and it is likely to see some struggle around this level before moving up. This view holds good as long as Nifty stays above 3810.

Today, If Nifty sustains above 3868, then it is likely to test 3890.

Instead, if it fails to move above 3868, in the downside, it could test 3845.


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TCS 1077.00

The short term trend is looking bullish and it has potential of testing 1150 in coming trading sessions. Buy on decline with a stop at 1050.

It is likely to struggle around 1000 before moving towards 1150

In case if it trades below 1050, in the downside, it could test 1000. Even then, the bullish view would remain valid.

Long term investors can continue to hold this scrip with a stop at 950 for good upside potential in coming months.



DELIVERY CALLS

Jain irrigation 359.25

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

In short term, chart indicates a rally towards 450 in coming weeks. Buy on decline with a stop at 315.



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.



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TECHNICAL OUTLOOK 13, NOVEMBER

Nifty 3840.65

Nifty is likely to test 3910 level in coming trading sessions and it is likely to see some struggle around this level before moving up. This view holds good as long as Nifty stays above 3810.

Today, If Nifty sustains above 3820, then it is likely to test 3880.


Federal Bank 213.70

The short term trend is looking bullish and it has potential of testing 235 in coming trading sessions.
Buy on decline with a stop at 209.

If it trades below 209, in the downside, it could test 195.

Long term investors can continue to hold this scrip with a stop at 190 for good upside potential in coming months.

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DELIVERY CALLS


Sintex 183.30

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

In short term, chart indicates a rally towards 250 in coming weeks. Buy on decline with a stop at 160.



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.



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TECHNICAL OUTLOOK 10 NOVEMBER

Nifty 3796.40

If Nifty sustains above 3810, then it is likely to see a sharp rally towards 3870. Instead if it moves below 3770 and sustains below this level, then in the downside, it could test 3715.

Today, If Nifty sustains above 3810, then it is likely to test 3850.


Infosys 2141.10

The short term trend is looking bullish and it has potential of testing 2200 in coming trading sessions. Buy on decline with a stop at 2120.

If it trades below 2120, in the downside, it could test 2090.

Long term investors can continue to hold this scrip with a stop at 1950 for good upside potential in coming months.


DELIVERY CALLS

Ashapura ltd 220.75

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

In short term, chart indicates a rally towards 270 in coming weeks. Buy on decline with a stop at 195.



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.

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TECHNICAL OUTLOOK 09 NOVEMBER

Nifty 3777.30

If Nifty sustains above 3750, then the trend is likely to turn bullish. On the other hand, if it moves below 3750, then could test 3715 in the downside.

Today, If Nifty moves above 3780, then it is likely to test 3800 and above 3800, it could test 3815.


ACC 997.10

The short term trend is looking bullish and it has potential of testing 1050 in coming trading sessions. Buy on decline with a stop at 988.

If it trades below 988, in the downside, it could test 960.
Long term investors can continue to hold this scrip with a stop at 890 for good upside potential in coming months.



DELIVERY CALLS

Bayer (I)

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 250 in coming weeks. Buy on decline with a stop at 175.



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.


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TECHNICAL OUTLOOK 08 NOVEMBER

Nifty 3798.75

Nifty is likely to test 3850 in coming trading sessions, if it stays above 3765. If it moves below 3765, then correction is likely to extend further in the downside.

Today, If Nifty sustains above 3783, then it is likely to test 3815 and above 3815 it could test 3830.



Reliance Inds 1288.00

The short term trend is looking bullish and it has potential of testing 1350 in coming trading sessions. Buy on decline with a stop at 1270.

Long term investors can continue to hold this scrip with a stop at 1150 for good upside potential in coming months.



DELIVERY CALLS

Abbott Lab 556.30

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

In short term, chart indicates a rally towards 650 in coming weeks. Buy on decline with a stop at 520.



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.



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TECHNICAL OUTLOOK 07 NOVEMBER

Nifty 3809.25

Nifty is likely to test 3850 in coming trading sessions and this view holds good as long as Nifty stays above 3765. As long as Nifty stays above 3765, the short term trend would remain bullish.
Today, if Nifty sustains above 3795, then it could test 3815 and above 3815 it could test 3830.
Instead, if it fails to sustain above 3815, then in the downside, it could test 3795, and below 3795, it could test 3770.



Dr Reddy 776.40

The short term trend is looking bullish and it has potential of testing 825 in coming trading sessions. Buy on decline with a stop at 760.



DELIVERY CALLS

Himadri Chemicals 258.95

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 320 in coming weeks. Buy on decline with a stop at 220.



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.


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TECHNICAL OUTLOOK 05 NOVEMBER

Nifty 3805.35

Nifty is likely to test 3850 in coming trading sessions and this view holds good as long as Nifty stays above 3750. If Nifty fails to sustain above 3850 in coming trading sessions, it is likely to see a minor correction. After which, Nifty is likely to resume its uptrend.

Today, if Nifty sustains above 3785, then it could test 3820 and above 3820 it could test 3850.



Tata Motors 813.60

The short term trend is looking bullish and it has potential of testing 845 in coming trading sessions and above 845, it could test 890. Buy on decline with a stop at 790.

The short term bullish view in this scrip would get negated if it closes below 790.

Long term investors can continue to hold this scrip with a stop at 790 for good upside potential in coming months.

DELIVERY CALLS

Rajoo Eng 59.80

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 90 in coming weeks. Buy on decline with a stop at 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.


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TECHNICAL OUTLOOK 03 NOVEMBER

Nifty 3791.20

Nifty is likely to test 3850 in coming trading sessions and this view holds good as long as Nifty stays above 3750.

Today, if Nifty sustains above 3770, then it could test 3810 and above 3810 it could test 3830.


Tisco 486.10

The short term trend is looking bullish and it has potential of testing 520 in coming trading sessions. Buy on decline with a stop at 478. If it closes below 478, then it could test 460.

The short term bullish view in this scrip would get negated if it closes below 450.

Long term investors can continue to hold this scrip with a stop at 450 for good upside potential in coming months.



DELIVERY CALLS

Prism Cement

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 55 in coming weeks. Buy on decline with a stop at 32.



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.

TECHNICAL OUTLOOK 02 NOVEMBER

Nifty 3767.05

Nifty is likely to test 3820 in coming trading sessions and this view holds good as long as Nifty stays above 3735.

Today, if Nifty sustains above 3770, then it could test 3800 and above 3800 it could test 3820.


ACC 978.15

The short term trend is looking bullish and it has potential of testing 1050 in coming trading sessions. Buy on decline with a stop at 950.

The short term bullish view in this scrip would get negated if it closes below 930.
Long term investors can continue to hold this scrip with a stop at 880 for good upside potential in coming months.


DELIVERY CALLS

Madhav Marbles 104.70

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 140 in coming weeks. Buy on decline with a stop at 85.



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.

TECHNICAL OUTLOOK 01 NOVEMBER

Nifty 3744.10

Nifty is likely to test 3800 in coming trading sessions and this view holds good as long as Nifty stays above 3720.

Today, if Nifty sustains above 3760, then it could test 3780 and above 3780 it could test 3800
Instead, if it fails to sustain above 3760, then in the downside it could test 3720.



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.


Short term Outlook of Reliance is available at www.waveriders.in



Andhra Bank 93.30

The short term trend is looking bullish and it has potential of testing 110 in coming trading sessions. Buy on decline with a stop at 85.

The short term bullish view in this scrip would get negated if it closes below 80.

Long term investors can continue to hold this scrip with a stop at 75 for good upside potential in coming months.



DELIVERY CALLS


Jindal Stainless 123.85

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

In short term, chart indicates a rally towards 145 in coming weeks. Buy on decline with a stop at 110.


asksathia@hotmail.com

TECHNICAL OUTLOOK 31 OCTOBER

Nifty 3769.10

Nifty is likely to test 3800 in coming trading sessions and this view holds good as long as Nifty stays above 3720.

Today, if Nifty sustains above 3780, then it could test 3800.

Instead, if it fails to sustain above 3780, then in the downside it could test 3740.



Allahabad Bank 92.70

The short term trend is looking bullish and it has potential of testing 110 in coming trading sessions. Buy on weakness with a stop at 87.

Long term investors can continue to hold this scrip with a stop at 80 for good upside potential in coming months.


Outlook of GAIL is available at www.waveriders.in


DELIVERY CALLS


Dr. Agarwals 39.55

The scrip is in long term bull trend and it has good potential in the long run.
In short term, chart indicates a rally towards 50 in coming weeks. Buy on decline with a stop at 35.



Medium term Outlook of Nifty (dated 04/10/2006)

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.


asksathia@hotmail.com

TECHNICAL OUTLOOK 30 OCTOBER

Nifty 3739.35

As expected, Nifty bounced, and sustained above 3700 to test 3740 level and as previously mentioned, Nifty is likely to test 3800 levels in coming trading sessions. And this view holds good as long as Nifty stays above 3700.

Today, if Nifty sustains above 3720, then it could test 3775.


BHEL 2474.55

The short term trend is looking bullish and it has potential of testing 2800 in coming trading sessions. Buy on weakness with a stop at 2400.

Long term investors can continue to hold this scrip with a stop at 2200 for good upside potential in coming months.



Outlook of Maruti and KLG systel is available at www.waveriders.in

DELIVERY CALLS

Mangalore chemicals 18.80

In short term, chart indicates a rally towards 25 in coming weeks. Buy on decline with a stop at 15.

Medium term Outlook of Nifty (dated 04/10/2006)

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.


asksathia@hotmail.com

TECHNICAL OUTLOOK - 26 OCTOBER

Nifty 3657.30

If Nifty sustains above 3665, it is likely to move up further and it could test 3750 initially in coming trading sessions. If it fails to sustain above 3665, then in the downside it could test 3640 and below this level it could test 3620.

And as long as Nifty stays above 3620, Nifty has possibility of boucing back to 3750 level in coming trading sessions. If it moves below 3620, then achieving the upside target would get delayed.

Today, if Nifty sustains above 3665, then it could test 3700 and above 3700 it could test 3720.




DELIVERY CALLS


NOCIL 30.75

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

In short term, chart indicates a rally towards 40 in coming weeks. Buy on decline with a stop at 25.




Medium term Outlook of Nifty

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.

TECHNICAL OUTLOOK - 23 OCTOBER

Nifty 3683.50

As previously mentioned, if Nifty sustains above 3665 level, then the trend would remain bullish and in the upper side, it could test 3700. And if Nifty sustains above 3700, then it is likely to move up further to test 3780-3800 levels in coming trading sessions.

Today, if Nifty sustains above 3665, then it could test 3700 and above 3700 it could test 3720.

Instead, if Nifty fails to sustain above 3665 level, then in the downside it could test 3640 and below this level it could test 3620.



Hero Honda 754.50

The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. Buy on decline with a stop at 725.

Long term investors can continue to hold this scrip with a stop at 650 for good upside potential in coming months.




DELIVERY CALLS


Diamond Cables 90.30

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

In short term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 70.




Medium term Outlook of Nifty

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.

TECHNICAL OUTLOOK - 20 OCTOBER

Nifty 3677.80


If Nifty sustains above 3665 level, then the trend would turn bullish and in the upper side, it could test 3700 and above 3700 further upside is possible.

If Nifty fails to sustain above 3665 level, then in the downside it could test 3640 and below this level it could test 3620.



Hero Honda 751.00

The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. Buy on decline with a stop at 725.

Long term investors can continue to hold this scrip with a stop at 650 for good upside potential in coming months.




DELIVERY CALLS


Infotech Ent 244.45

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

In short term, chart indicates a rally towards 320 in coming weeks. Buy on decline with a stop at 200.




Medium term Outlook of Nifty

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.

TECHNICAL OUTLOOK - 19 OCTOBER

Nifty 3710.65


Short term trend in Nifty is looking bullish and it has potential of testing 3780-3800 level in coming trading sessions and this view holds good as long as Nifty stays above 3685.

Positional traders can book profit at higher levels around 3780-3800 to re-enter at lower levels.

Today, if Nifty sustains above 3700, then it could test 3730 and above 3730 it could test 3750.



Chambal Fertilizers 37.15

The short term trend is looking bullish and it has potential of testing 45 in coming trading sessions. Buy on decline with a stop at 34.

Long term investors can continue to hold this scrip with a stop at 32 for good upside potential in coming months.





DELIVERY CALLS


JBF Inds 108.50

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

In short term, chart indicates a rally towards 140 in coming weeks. Buy on decline with a stop at 90.




Medium term Outlook of Nifty

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.

TECHNICAL OUTLOOK - 18 OCTOBER

Nifty 3715.00

Short term trend in Nifty is looking bullish and it has potential of testing 3780-3800 level in coming trading sessions and this view holds good as long as Nifty stays above 3685.

Positional traders can book profit at higher levels around 3780-3800 to re-enter at lower levels.

Today, if Nifty sustains above 3700, then it could test 3750 and above 3750 it could test 3780.



Hindalco 183.40

The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. Buy on decline with a stop at 175.

Long term investors can continue to hold this scrip with a stop at 160 for good upside potential in coming months.


Indian Hotels 1388.65

The short term trend is looking bullish and it has potential of testing 1600 in coming trading sessions. Buy on decline with a stop at 1310.

Long term investors can continue to hold this scrip with a stop at 1200 for good upside potential in coming months.



DELIVERY CALLS


Indian Rayon 878.70

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

In short term, chart indicates a rally towards 1050 in coming weeks. Buy on decline with a stop at 800.


SAIL 85.60

The long term trend in this scrip is looking bullish.

In the short term it has potential of testing 110 levels in coming weeks. Buy on decline with a stop at 75.

Outlook of Adlabs and Union Bank is available at www.waveriders.in

Medium term Outlook of Nifty

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.

TECHNICAL OUTLOOK - 17 OCTOBER

Nifty 3723.95

Short term trend in Nifty is looking bullish and it has potential of testing 3780 in coming trading sessions and it is likely to be followed by a minor correction.

Positional traders can book profit at higher levels to re-enter at lower levels.

Today, if Nifty sustains above 3710, then it could test 3750 and above 3750 it could test 3780.



ITC 194.50

The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. Buy on decline with a stop at 187.

Long term investors can continue to hold this scrip with a stop at 170 for good upside potential in coming months.


DELIVERY CALLS


Gati 97.90

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

In short term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 80.


Fujitsu Icim 232.45

The long term trend in this scrip is looking bullish.

It has potential of testing 300 levels in coming months. Buy on decline with a stop at 200.

Outlook of South Indian Bank is available at www.waveriders.in




Medium term Outlook of Nifty

The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. The correction in this type of market would be sharp and shallow and also corrections would be retraced immediately.

So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3300. Also, as long as Nifty stays above 3200 level, the long term trend of the market would be bullish and it has good potential in the upside in coming years.