Nifty 4777.80
Short term
In the short term, if it sustains above 4680, then a rally is likely towards 5050. Instead, if it fails to hold above 4680, then it has potential of testing 4500 in coming trading sessions.
Extreme Short term
In the extreme short term, the levels 4680 and 4850 are crucial.
Intraday
Today, if Nifty sustains above 4770 and moves above 4820, then it could test 4850. Instead, if it fails to hold above 4770, then it could decline towards 4720.
Trading Strategy
Now the crucial level is 4770. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
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Tuesday, April 15, 2008
Monday, April 07, 2008
TECHNICAL OUTLOOK, 7 APRIL
Nifty 4647.00
Short term
In the short term, if it sustains above 4550, then a rally is likely towards 5050. Instead, if it fails to hold above 4550, then it has potential of testing 4000 in coming trading sessions.
Extreme Short term
In the extreme short term, the levels 4550 and 4680 are crucial. If Nifty fails to move above 4680, then it is likely to test 4550 initially.
Intraday
Today, if Nifty sustains above 4620, then it could test 4680 and above 4680, it could test 4750. Instead, if it fails to hold above 4620, then it could decline towards 4550.
Trading Strategy
Now the crucial level is 4680. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
Visit us at:
www.waveriders.in
Contact:
9381203517
asksathia@hotmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Short term
In the short term, if it sustains above 4550, then a rally is likely towards 5050. Instead, if it fails to hold above 4550, then it has potential of testing 4000 in coming trading sessions.
Extreme Short term
In the extreme short term, the levels 4550 and 4680 are crucial. If Nifty fails to move above 4680, then it is likely to test 4550 initially.
Intraday
Today, if Nifty sustains above 4620, then it could test 4680 and above 4680, it could test 4750. Instead, if it fails to hold above 4620, then it could decline towards 4550.
Trading Strategy
Now the crucial level is 4680. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
Visit us at:
www.waveriders.in
Contact:
9381203517
asksathia@hotmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
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