TECHNICAL OUTLOOK, 01 OCT

Nifty 5021.35

In the short term, if Nifty sustains above 4840, then the trend would remain bullish and in the upper side it could test 5200 – 5250 level.

In the extreme short term, a minor correction towards 4930 is likely if it trades below 5010. If not, it is likely to test 5100.

Today, if Nifty trades above 5040, then it is likely to test 5080 level. Instead, if it trades below 5040, then a decline to 4965 is likely.



Trading Strategy

Now the level 4965 is crucial for extreme short term movement. Remain long above this level and be short below this level.

The level 5040 is crucial for intraday movement.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





Visit us at:

www.waveriders.in


Contact:

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com

TECHNICAL OUTLOOK, 25 SEP

Nifty 4837.55

In the short term, if Nifty sustains above 4630, then the trend would remain bullish and in the upper side it could test 4900 and above this level, it is likely to test 5200 and it is likely to see a consolidation around this level. Instead, if it moves below 4630, then a decline towards 4440 is likely.

In the extreme short term, as long as it sustains above 4800, the trend would remain bullish. Below this level, the trend would turn bearish and it is likely to test 4630.

Today, if Nifty trades above 4810, then it is likely to test 4900 – 4910 level.



Trading Strategy

Now the crucial level is 4800. Be long above this level for a target of 4900.



Delivery Call

Sterlite opticals 238. 50

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 330 in coming months. Buy on declines with a stop at 210.




Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





Visit us at:
www.waveriders.in


Contact:

9381203517

asksathia@hotmail.com

Yahoo Messenger Id - sathiamoorthyd@yahoo.com