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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9381203517

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TECHNICAL OUTLOOK 12 FEBRUARY

Nifty 4187.40

If Nifty sustains above 4170, it is likely to test 4300 in coming trading sessions. Instead, if it moves below 4170, it has potential of testing 4050 in the downside.

In the extreme short term, if Nifty sustains above 4170, it is likely to test 4250.

Today, if Nifty initially moves above 4205 and sustains above 4180, then it is likely to test 4230. If it trades comfortably below 4170, then it could test 4120.



The broad stop loss for the longs is 4120.

Medium term outlook of Nifty is looking bullish and this view holds good as long as it stays above 4050.



9381203517

www.waveriders.in

asksathia@hotmail.com