TECHNICAL OUTLOOK, 10 SEP

Nifty 4509.50

If Nifty sustains above 4530, then it is likely to move towards 5000 in coming months. Instead, if it fails to sustain above 4440, then a short term correction is likely.

In the extreme short term, as long as it sustains above 4440, the trend would remain bullish. Below this level, the trend would turn bearish.

Today, if Nifty fails to sustain above 4520, then it is likely to test 4440. Instead, if it moves above 4520, then it is likely to test 4570.



Trading Strategy

Now the crucial level is 4440. Be long above this level and be short below this level.


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.





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TECHNICAL OUTLOOK, 3 SEP 2007

Nifty 4464.00

If Nifty moves above 4550, in one or two trading sessions, then the rally is likely to continue towards 5000 in coming months. If it fails to clear 4550 in few trading sessions then, a decline to 3950 is likely.

In the extreme short term, as long as it sustains above 4400, the trend would remain bullish. Below this level, the trend would turn bearish.

Today, if Nifty sustains below 4425, then it is likely to test 4500. Above 4500, it could test 4520. Instead, if it trades below 4425, then a decline to 4360 is likely.



Trading Strategy

Now the crucial levels are 4400 and 4550. Exit your long positions if Nifty fails to clear 4530.



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.





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TECHNICAL OUTLOOK, 27 AUGUST

Nifty 4190.15

Nifty is likely to bottom out around 3950 level. Instead, if it sustains below 3900, then Nifty is likely to test 3500 in coming trading sessions. If Nifty moves above 4300, then the bottom would be confirmed at 4000. If it fails to move above 4300, then the level 4000 would be violated in coming trading sessions.

In the extreme short term, as long as it sustains below 4300, the trend would remain bearish.

Today, if Nifty sustains above 4160, then it is likely to test 4250 and above 4250, it could test 4280. Instead, if it moves below 4150, then it could test 4100.



Trading Strategy

Now the crucial level is 4150. Be short below this level and be long above this level till 4280 is tested.



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.





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TECHNICAL OUTLOOK, 13 AUGUST

Nifty 4333.35

If Nifty fails to move above 4400 and sustains below 4300, then it is likely to decline towards 4000 in coming weeks. Instead, if it moves above 4400, then the bottom would be confirmed at 4239.20 and in the upper side, it has potential of testing 4700 in coming weeks.

In the extreme short term, as long as it sustains above 4300, the trend would remain bullish and in the upper side it could test 4400. Instead, if it fails to sustain above 4300, then the trend is likely to turn bearish.

Today, if Nifty sustains above 4300, and moves above 4350, then it is likely to test 4400. Instead, if it moves below 4300, then it is likely to test 4250.


Trading Strategy

Now the crucial level is 4300. Be short below this level. Be long above this level.


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.





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TECHNICAL OUTLOOK, JULY 30

Nifty 4445.20

Short term correction in Nifty is likely to terminate around 4300. Instead, if it moves below 4300, then correction is likely to extend in to a medium term correction.

In the extreme short term, as long as it stays below 4550, the trend would remain bearish.
Today, if Nifty sustains below 4470, then it is likely to test 4400. Below 4400, it could test 4350.

Instead, if it sustains above 4470, then it is likely to test 4500.



Medium term outlook of Nifty - dated 23st 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.




Trading Strategy

Hold your shorts with a stop at 4470 and exit if it moves above this level.



ACC 1000.80

The correction in the scrip is likely to terminate around 950. If it moves below 950, then correction is likely to extend towards 875. Buy, if the level 950 is held. If not, enter around 875, for a rally towards a new high in coming weeks.

In the short term, short the scrip if it rises towards 1025 with a stop 1035, for a target of 950.


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TECHNICAL OUTLOOK, 16, JULY

Nifty 4504.55

Nifty sustained above 4400 and thus negated the view of a correction from that level. Now Nifty is likely to move towards 4600 in coming trading sessions. And still a short term correction is possible in coming trading sessions and it would be followed by a rally towards 5000.

In the extreme short term, as long as it stays above 4480, the trend would be bullish and further upside towards 4550 is possible. Below this level, it could turn weak.

Today, if Nifty sustains above 4480, then it is likely to test 4540. Below 4480, it could test 4450.



Medium term outlook of Nifty - dated 13th July

Nifty is likely to make a significant top around 4400 level. If it sustains above 4400, then it is likely to move towards 4600


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.



Trading Strategy

Remain long as long as it stays above 4440.





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TECHNICAL OUTLOOK, 09, JULY

Nifty 4384.85

A short term correction is possible from 4350-4400 level in coming trading sessions. Instead, if it moves and sustains above this level, then it is likely to move towards 4600 in coming weeks.

In the extreme short term, as long as it stays above 4370, the trend would be bullish and further upside is possible. Below this level, it could turn weak.

Today, if Nifty sustains above 4370, then it is likely to test 4420. Below 4370, it could test 4310.




Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



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.






Trading Strategy

Remain long as long as it stays above 4370.



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TECHNICAL OUTLOOK, 02, JULY

Nifty 4318.30

A short term correction is possible from 4350-4400 level in coming trading sessions. Instead, if it moves and sustains above this level, then it is likely to move towards 4600 in coming weeks.

In the extreme short term, if it sustains above 4295, then it is likely to see a sharp up move towards 4350-4400. If it fails to sustain above 4255, then it is likely to turn weak. Below 4210, Nifty could see a low below 4100.

Today, if Nifty sustains above 4295, then it is likely to test 4350. Below 4295, it could test 4270.



Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Long term outlook of Nifty – dated 29 July

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





Trading Strategy

Be short below 4255. Initiate long if it sustains above 4285 and exit your longs around 4350.

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TECHNICAL OUTLOOK, 25, JUNE

Nifty 4252.05

Nifty is in the last leg of the rally and the final upside leg is likely to peak out around previous high. One possibility is it likely to reverse direction from current levels. The other being, Nifty is likely to make a new high around 4350-4400 before turning down.

In the extreme short term, if it moves above 4260, then it is likely to test 4350-4400. Instead, if it trades below 4210, then it is likely to test 4100.

Today, if Nifty fails to sustain above 4260, then it is likely to test 4210. And below this level it could test 4180.



Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Trading Strategy

Be short below 4210.




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TECHNICAL OUTLOOK, 18, JUNE

Nifty 4171.45

In the short term, further up move towards a new high is possible only if it trades above 4260. Until then, the short term trend would remain weak and in the downside it has potential of testing 4100 and below this level it could test 3900.

In the extreme short term, if it trades below 4145, it could test 4050.

Today, if Nifty fails to sustain above 4145, then it is likely to test 4090. Instead if it trades above 4190, then it is likely to test 4220.




Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.




Trading Strategy

Be short below 4145.

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TECHNICAL OUTLOOK, 04, JUNE

Nifty 4297.05

Nifty is in the process of making a significant top around 4350-4400 level. Hold your longs till this level is tested. Further up move is possible only if Nifty sustains above 4400. If it sustains above this level, then the rally is likely to continue with added momentum.

In the extreme short term, if it sustains above 4260, one more high around 4350-4400 is possible. If it fails to sustain above 4260, then it is likely to decline towards 4100.

Today, if Nifty sustains above 4280, then it is likely to test 4350. Instead, if it trades below 4260, then it is likely to test 4230.



Medium term outlook of Nifty

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.

Trading Strategy

Be long above 4280 and short below this level.




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TECHNICAL OUTLOOK, 28 MAY

Nifty 4248.15

Nifty is in the process of making a significant top around 4300-4400 level. Hold your longs till this level is tested. Further up move is possible only if Nifty sustains above 4400. If it sustains above this level, then the rally is likely to continue with added momentum.

In the extreme short term, if it sustains above 4200, it is likely to test 4300.

Today, if Nifty sustains above 4240, then it is likely to test 4280. Instead, if it fails to sustain above 4240, then it is likely to decline towards 4200



Medium term outlook of Nifty

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.


Trading Strategy

Re enter in the long side on weakness with a stop at 4200 for targets above 4300.




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TECHNICAL OUTLOOK, 21 MAY

Nifty 4214.50

Nifty is likely to test a new high in coming trading sessions and it is in the process of making a significant top around 4300-4400 level. The run up towards this level is likely to be sharp and swift. Hold your longs till this level is tested.

In the extreme short term, it is likely to trade between 4210 and 4270 before moving above 4300. Instead, if it trades below 4180, it is likely to decline towards 4100.

Today, if Nifty sustains above 4210, then it is likely to test 4260-4270. If not, it is likely to test 4180, from where it is likely to resume its up move.



Medium term outlook of Nifty

In the medium term charts, the trend is looking bullish and it is likely to test 4300-4400 level in coming months.

Long term Investors can remain invested with a stop at 3900.



Trading Strategy

Remain long as long as it stays above 4180. Positional traders can hold Nifty for targets above 4300 in coming trading sessions.




Acc 876.45

The short term trend is looking bullish and it is likely to test 940 level in coming trading sessions. Buy with a stop at 865 for a target of 940.

Instead, if it trades below 865, it is likely to decline towards 830 level.



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TECHNICAL OUTLOOK, 14 MAY

Nifty 4076.65

As long as Nifty holds above 4040 level, the trend would be bullish. And in the upper side it is likely to test 4300-4350, if market rallies from here. If not, correction is likely to extend towards 3920.

In the extreme short term, if it sustains above 4100, it is likely to test 4160-4170 level.

Today, if Nifty sustains above 4040, then it is likely to test 4120. Above 4120, it could test 4160.



Medium term outlook of Nifty

In the medium term charts, the trend is looking bullish and it is likely to test 4300-4350 in coming months.

Long term Investors can remain invested with a stop at 3750.


Trading Strategy

Remain long as long as it stays above 4040. Positional traders can hold Nifty for targets above 4200 in coming trading sessions.




Reliance 1593.10

The short term trend is looking bullish and it is likely to test 1700-1725 level in coming trading sessions. The view holds good as long as it stays above 1570. Buy on decline with a stop at 1570 for a target of 1725.

If it fails to sustain above 1570, it is likely to decline towards 1450. In that case, short below 1570 with a stop at 1590 for a target of 1450.



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TECHNICAL OUTLOOK, 07 MAY

Nifty 4117.35

As long as Nifty holds above 4040 level, the trend would be bullish and in the upper side it is likely to move above 4250. If not, correction is likely to extend towards 3920.

In the extreme short term, if it sustains above 4090, it is likely to test 4190.

Today, if Nifty sustains above 4090, then it is likely to test 4155. Instead, if it moves below 4090, it is likely to test 4040.


Medium term outlook of Nifty

In the medium term charts, the trend is looking bullish and it is likely to test 4300-4350 in coming months.

Long term Investors can remain invested with a stop at 3750.


Trading Strategy

Remain long as long as it stays above 4080.




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TECHNICAL OUTLOOK, 09, APRIL

Nifty 3752.00

It seems that Nifty has made a medium term bottom when it tested 3617. Unless, Nifty moves below this level, the view holds good. And also, if Nifty doesn’t go below 3675 here after, it will give confirmation to the above bullish view. Now, Nifty is likely to test 3950- 4000 level in coming trading sessions.

In the extreme short term, if it remains above 3675, the trend would be bullish and in the upper side it could test 3820 initially.

Today, if Nifty trades below 3770, it is likely to test 3700-3720 level. Instead, if it sustains above 3770, it is likely to test 3820.



Medium term outlook of Nifty
In the medium term charts, the trend is looking bullish and it is likely to test 4500 in coming months.

If Nifty doesn’t trade below 3620, then it is likely to move up towards 4200 initially. In case, if it trades below 3620, then it is has potential of testing 3300 in short term and even in this case, the medium term bullish outlook would remain intact.

Long term Investors can remain invested with a stop at 3620. In case, 3620 is violated, exit the holdings and re-enter around 3300.



Trading Strategy

Remain long with a stop at 3675.




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TECHNICAL OUTLOOK, 02, APRIL

Nifty 3821.55

Short term trend in Nifty would remain bullish as long as it sustains above 3720. On the upper side, a move above 3850 would confirm further upside targets towards 3950-4000 level.

In the extreme short term, if Nifty sustains above 3780, it could test 3950. Below 3780, it could test 3720.

Today, if Nifty sustains above 3780, it could test 3850 initially. If it trades above this level, then it could test 3890.



Medium term outlook of Nifty

In the medium term charts, the trend is looking bullish and it is likely to test 4500 in coming months.

If Nifty doesn’t trade below 3720, then it is likely to move up towards 4200 initially. In case, if it trades below 3720, then it is has potential of testing 3300 in short term and even in this case, the medium term bullish outlook would remain intact.

Long term Investors can remain invested with a stop at 3720. In case, 3720 is violated, exit the holdings and re-enter around 3300.



Trading Strategy

Remain long with a stop at 3780. Short, if trades below 3780 for a target of 3720.




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TECHNICAL OUTLOOK 26, MARCH

Nifty 3861.05


Short term trend in Nifty is looking bullish and in the upper side it could test 3950-4000 level in coming weeks. Only a close below 3760 level would negate the bullish view.

In the extreme short term, if Nifty sustains above 3830, it could test 3950.

Today, if Nifty sustains above 3835, it could test 3890 initially and above this level, it could test 3920.

In the medium term charts, the trend is looking bullish and it is likely to test 4500 in coming months and this view holds good as long as Nifty sustains above 3500. Long term Investors can remain invested with a stop at 3500.

Trading Strategy

Remain long with a stop at 3830. Short, below 3810 for a target of 3760.





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TECHNICAL OUTLOOK 19, MARCH

Nifty 3608.55


As long as Nifty sustains above 3550, the short term trend would remain bullish. On the upper side, if Nifty moves above 3720, it would confirm the termination of correction. Since Nifty failed to sustain above 3720, it has opened a possibility of Nifty going below 3550. If that is the case, then a final short term down leg is possible which has maximum downside potential of 3300. A sharp decline below 3550 in one or two trading sessions would indicate further decline. If Nifty fails to move below 3550, a sharp rebound is possible.


In the extreme short term, cross over of either 3550 or 3650 would decide the direction of the short term.

Today, cross over of either 3550 or 3650 would see a one sided move.



Trading Strategy

Remain short as long as Nifty sustains below 3660. Initiate longs above 3680.



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TECHNICAL OUTLOOK 5 MARCH

Nifty 3726.75


Nifty holding above the recent panic low of 3674 would indicate termination of correction. If Nifty violates 3674, then correction is likely to extend below 3650 towards 3550.

In the extreme short term, cross over of 3674 and 3765 would decide the direction of the trend.

Today, if Nifty sustains above 3674, then it is likely to rebound towards 3765. Instead, below 3674, Nifty is likely to see a final down leg.


The medium term trend in Nifty is looking bullish. Long term Investors can remain invested in the market with a stop at 3500.



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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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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.



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TECHNICAL OUTLOOK 07 FEBRUARY

Nifty 4195.90


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SRF 200.00

The short term trend is looking bullish and it has potential of testing 250 level initially in coming trading sessions. Buy on decline with a stop at 192.

Long term investors can buy this scrip with a stop at 175 for a target of 300 in coming months.





DELIVERY CALL

GNFC 111.35

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 150 in coming weeks. Buy on decline with a stop at 100.



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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.




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TECHNICAL OUTLOOK 31 JANUARY

Nifty 4124.45


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




DELIVERY CALL

Greenply Inds 127.85

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 160 in coming weeks. Buy on decline towards 115 with a stop at 105.




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.

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TECHNICAL OUTLOOK 29 JANUARY

Nifty 4147.70

Nifty never violated 4055 level and moved up towards 4200. As mentioned earlier, it is likely to test 4200-4220 level before going in for a minor correction. And this view holds good as long as Nifty sustains above 4050.

In the extreme short term, if Nifty sustains above 4100, it is likely to test 4200.

Today, if Nifty sustains above 4120, it has potential of testing 4180 and above 4180, it could test 4200.



Now the broad stop loss for the longs is 4050.



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





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.





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TECHNICAL OUTLOOK 25 JANUARY

Nifty 4089.90


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



DELIVERY CALL


Chennai Petro 224.65

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 300 in coming weeks. Buy on decline with a stop at 205.




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

TECHNICAL OUTLOOK 24 JANUARY

Nifty 4066.10


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




DELIVERY CALL

Apollo Tyres 364.90

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 450 in coming weeks. Buy on decline with a stop at 340.




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

TECHNICAL OUTLOOK 23 JANUARY

Nifty 4102.45


Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.




DELIVERY CALL


Dishman 266.60

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 235.

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

TECHNICAL OUTLOOK 22 JANUARY

Nifty 4090.15

Nifty corrected up to 4058 and now, if it sustains above 4100, then it is likely to resume its uptrend towards 4200. If Nifty fails to sustain above 4100, then in the downside it could test 4020. And as long as Nifty remains above 3980, the short term trend would remain bullish.

In the extreme short term, if Nifty sustains above 4100, it is likely to test 4200.

Today, if Nifty sustains above 4100, it is likely to test 4120 and above this level, it could test 4145. Instead, if it moves below 4080, then it could test 4055 and below this level it could test 4020.

Now the broad stop loss for the longs is 3980.




Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.

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

TECHNICAL OUTLOOK 19 JANUARY

Nifty 4109.05

Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALL


Gujarat Ambuja Exports 36.35

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 50 in coming weeks. Buy on decline around 33 with a stop at 27.




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

TECHNICAL OUTLOOK 18 JANUARY

Nifty 4076.45


Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.




DELIVERY CALL


Iti Ltd 51.20

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 42.




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

TECHNICAL OUTLOOK 17 JANUARY

Nifty 4080.50


Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for paid subscribers. The charges are Rs 2500/- per month.




DELIVERY CALL


Century Enka 149.95

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 200 in coming weeks. Buy on decline with a stop at 135.




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.




Contact


9381203517


www.waveriders.com


asksathia@hotmail.com