Friday, July 04, 2008
TECHNICAL OUTLOOK, 4 JULY
DAILY NEWSLETTER
Short tem outlook of Orchid chem
Nifty 3925.75
Short term
Nifty is likely to remain in between 4025 and 3900 for one or two trading sessions before moving above 4100.
The last crucial level for the Nifty is 3600-3775. As long as Nifty stays above this level, the long term and Medium term bull trend of the market would be intact.
As long as Nifty sustains above this level, long term trend of the Market would be bullish and it is likely to exceed the high of 6350 in coming years.
Extreme Short term
In the extreme short term, the levels 3800 and 4100 are crucial.
Intraday
Today, if Nifty trades below 3900, then it could test 3850. Instead, if it trades 3900 then it could test 4025.
Trading Strategy
Now the crucial level is 3800. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 02 July 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.
Long term outlook of Nifty dated on 02 July 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 3600.
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Thursday, July 03, 2008
TECHNICAL OUTLOOK, 3 JULY
DAILY NEWSLETTER
Short term outlook of Reliance
Nifty Chart
Nifty 4093.35
Short term
If Nifty sustains above 4100, then it could test 4450 in coming trading sessions. In the downside, if it fails to hold above 3970, then it could test 3800.
The last crucial level for the Nifty is 3600-3775. As long as Nifty stays above this level, the long term and Medium term bull trend of the market would be intact.
As long as Nifty sustains above this level, long term trend of the Market would be bullish and it is likely to exceed the high of 6350 in coming years.
Extreme Short term
In the extreme short term, the levels 3970 and 4100 are crucial.
Intraday
Today, if Nifty trades above 4100 then it could test 4250. Instead, if it trades below 4100, then it could test 4020.
Trading Strategy
Now the crucial level is 3970. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 02 July 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.
Long term outlook of Nifty dated on 02 July 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 3600.
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Wednesday, July 02, 2008
TECHNICAL OUTLOOK, 2 JULY
DAILY NEWSLETTER
Nifty 3896.75
Short term
The level 3950 was violated by Nifty. The last crucial level for the Nifty is 3600-3775. As long as Nifty stays above this level, the long term and Medium term bull trend of the market would be intact.
Even if this level is violated, the long term trend of the market would turn bearish.
As long as Nifty sustains above this level, long term trend of the Market would be bullish and it is likely to exceed the high of 6350 in coming years.
Extreme Short term
In the extreme short term, the levels 3780 and 4100 are crucial.
Intraday
Today, if Nifty trades above 3950 then it could test 4100. Instead, if it trades below 3950, then it could test 3800.
Trading Strategy
Now the crucial level is 3950. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 02 July 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.
Long term outlook of Nifty dated on 02 July 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 3600.
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Tuesday, July 01, 2008
TECHNICAL OUTLOOK, 1 JULY
DAILY NEWSLETTER
Nifty 4040.55
Short term
Nifty is likely to bottom out around 3950-4000 levels.
Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 3950 is crucial.
Intraday
Today, if Nifty trades below 4060 then it could test 3950. Instead, if it trades above 4060, then it could test 4140.
Trading Strategy
Now the crucial level is 3950. Initiate longs with a stop at 3900.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Monday, June 30, 2008
TECHNICAL OUTLOOK, 30 JUNE
DAILY NEWSLETTER
Nifty 4136.65
Short term
Nifty is likely to bottom out around 3950-4000 levels.
Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 3950 is crucial.
Intraday
Today, if Nifty trades below 4100 then it could test 3950-4000. Instead, if it trades above 4200, then it could test 4250.
Trading Strategy
Now the crucial level is 3950. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Friday, June 27, 2008
TECHNICAL OUTLOOK, 27 JUNE
DAILY NEWSLETTER
Nifty 4315.65
Short term
If Nifty fails to hold above 4200, then it is likely to bottom out at 3950-4000 levels. If it holds above 4200 for another two trading sessions then it is likely to bottom out around 4200.
Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 4200 and 4350 are crucial.
Intraday
Today, if Nifty trades below 4250, then it could test 4200. Instead, if it trades below 4350, then it could test 4400.
Trading Strategy
Now the crucial level is 4200. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Thursday, June 26, 2008
TECHNICAL OUTLOOK, 26 JUNE
DAILY NEWSLETTER
Nifty 4252.65
Short term
Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 4190 and 4350 are crucial.
Intraday
Today, if Nifty trades above 4190, then it could test 4350. Instead, if it trades below 4190, then it could test 4000.
Trading Strategy
Now the crucial level is 4190. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Nifty 4252.65
Short term
Nifty is in the process of bottom formation. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 4190 and 4350 are crucial.
Intraday
Today, if Nifty trades above 4190, then it could test 4350. Instead, if it trades below 4190, then it could test 4000.
Trading Strategy
Now the crucial level is 4190. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Wednesday, June 25, 2008
TECHNICAL OUTLOOK, 25 JUNE
DAILY NEWSLETTER
Nifty 4266.40
Short term
Nifty is likely to bottom out around 4000 levels. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 4000 and 4350 are crucial.
Intraday
Today, if Nifty trades above 4210, then it could test 4280. Instead, if it trades below 4210, then it could test 4100.
Trading Strategy
Now the crucial level is 4210. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Nifty 4266.40
Short term
Nifty is likely to bottom out around 4000 levels. Any bounce back from current levels should move above 4350, to confirm the bottom.
As long as Nifty stays above May 2006 high of 3750, the long term trend and medium term bull trend of the market would be intact.
Extreme Short term
In the extreme short term, the level 4000 and 4350 are crucial.
Intraday
Today, if Nifty trades above 4210, then it could test 4280. Instead, if it trades below 4210, then it could test 4100.
Trading Strategy
Now the crucial level is 4210. Be short below this level and be long above this level.
Medium term outlook of Nifty dated on 25 June 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3950.
Long term outlook of Nifty dated on 25 June 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 3950.
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Tuesday, June 24, 2008
TECHNICAL OUTLOOK, 24 JUNE
Nifty 4266.40
Short term
If yesterday’s low of 4226 is not violated, Nifty is likely to make a bottom at current levels. If not, it is likely to decline towards 4000.
Extreme Short term
In the extreme short term, the level 4226 is crucial.
Intraday
Today, if Nifty trades above 4290, then it could test 4420. Instead, if it trades below 4290, then it could test 4100.
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If yesterday’s low of 4226 is not violated, Nifty is likely to make a bottom at current levels. If not, it is likely to decline towards 4000.
Extreme Short term
In the extreme short term, the level 4226 is crucial.
Intraday
Today, if Nifty trades above 4290, then it could test 4420. Instead, if it trades below 4290, then it could test 4100.
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Monday, June 23, 2008
TECHNICAL OUTLOOK, 23 JUNE
Nifty 4504.25
Short term
Nifty seems to be in the last downside leg with a targets up to 4250 and it is likely to be followed by a sharp rally towards 4950 in coming weeks. The medium term and long term bull trend of Nifty is still intact.
Extreme Short term
In the extreme short term, the levels 4450 and 4250 are crucial.
Intraday
Today, if Nifty trades above 4370, then it could test 4250. Instead, if it trades below 4370, then it could test 4420.
Trading Strategy
Now the crucial level is 4250. 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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Monday, June 16, 2008
TECHNICAL OUTLOOK, 16 JUNE
Nifty 4539.35
Short term
Nifty seems to have bottomed out at 4370 level. Nifty is likely to rally towards 4950 initially in coming trading sessions. If Nifty moves above 4540, and if it doesn’t come below this level, then the bottom would be confirmed.
Instead, the level 4370 is violated, then Nifty is likely to test 4000 in coming trading sessions.
Correction in the US, Asian, and European markets are likely to terminate at current levels and it would be followed by a sharp rally in coming weeks.
Extreme Short term
In the extreme short term, the level 4540 is crucial. As long as Nifty stays above this level, it is likely to test 4950 initially.
Intraday
Today, if Nifty trades above 4540 then it could test 4700.
Trading Strategy
Now the crucial level is 4540. 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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Monday, June 09, 2008
TECHNICAL OUTLOOK, 9, JUNE
Nifty 4627.80
Short term
Nifty seems to have bottomed out at 4535 level or it is likely to bottom out in coming trading sessions above 4470 level and it is likely to be followed by a rally towards 4950 level initially.
Correction in the US markets is likely to terminate at current levels and it would be followed by a sharp rally in coming weeks.
Extreme Short term
In the extreme short term, the level 4570 is crucial. As long as Nifty stays above this level, it is likely to test 4950 initially.
Intraday
Today, if Nifty trades above 4570 then it could test 4740. Instead, if it trades below 4570, then it could test 4500.
Trading Strategy
Now the crucial level is 4570. 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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Monday, June 02, 2008
TECHNICAL OUTLOOK, 2, JUNE
Nifty 4870.10
Short term
It seems that Nifty has bottomed out and it is likely to rally towards 5200 level in coming trading sessions and this view holds good as long as it stays above 4800.
Extreme Short term
In the extreme short term, the levels 4800 and 4880 are crucial.
Intraday
Today, if Nifty trades above 4880, then it is likely to test 4950. Instead, if it fails to move above 4880, then it could test 4800.
Trading Strategy
Now the crucial level is 4880. 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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Monday, May 26, 2008
TECHNICAL OUTLOOK, 26 MAY
Nifty 4946.55
Short term
The correction in Nifty is likely to terminate around 4800 level. Correction would be followed by a rally towards 5500.
Extreme Short term
In the extreme short term, the level 5000 is crucial. If it fails to sustain above this level, then it is likely to decline towards 4800 initially.
Intraday
Today, if Nifty sustains below 5000, then it could test 4850.
Trading Strategy
Now the crucial level is 5000. Be short below 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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Monday, May 12, 2008
TECHNICAL OUTLOOK,12 MAY
Nifty 4982.60
Short term
The correction in Nifty is likely to terminate around 4800 level. Correction would be followed by a rally towards 5500. In the upper side, the level 5000 is crucial.
Extreme Short term
In the extreme short term, the level 5000 is crucial. As long as Nifty trades below this level, the trend is likely to remain bearish and in the downside, it could test 4800 levels.
Intraday
Today, if Nifty sustains below 5000, then it could test 4850.
Trading Strategy
Now the crucial level is 5000. Remain short below 5000 till it tests 4800.
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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Short term
The correction in Nifty is likely to terminate around 4800 level. Correction would be followed by a rally towards 5500. In the upper side, the level 5000 is crucial.
Extreme Short term
In the extreme short term, the level 5000 is crucial. As long as Nifty trades below this level, the trend is likely to remain bearish and in the downside, it could test 4800 levels.
Intraday
Today, if Nifty sustains below 5000, then it could test 4850.
Trading Strategy
Now the crucial level is 5000. Remain short below 5000 till it tests 4800.
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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Monday, May 05, 2008
TECHNICAL OUTLOOK, 5 MAY
Nifty 5228.20
Short term
As long as Nifty trades above 5140, the trend would remain bullish and if it sustains above 5250, then it is likely to test 5350-5400 level in coming trading sessions.
Extreme Short term
In the extreme short term, the level 5190 is crucial. If it sustains above this level, then Nifty is likely to test 5350.
Intraday
Today, if Nifty moves above 5240, then it could test 5300. Instead, if it fails to move above 5240, then it could decline towards 5190.
Trading Strategy
Now the crucial level is 5240. 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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Monday, April 28, 2008
TECHNICAL OUTLOOK,28 APRIL
Nifty 5111.85
Short term
In the short term, if it sustains above 4980, then a rally is likely towards 5200-5250 level and it would be followed by a correction. Instead, if it fails to hold above 4980, then it has potential of testing 4850.
Extreme Short term
In the extreme short term, the level 5070 is crucial. If it sustains above this level, then Nifty is likely to test 5250 in coming trading sessions. Instead, if it fails to hold above 5070, then a decline to 4980 is likely.
Intraday
Today, if Nifty sustains above 5120, then it could test 5150 and above 5150, it could test 5200. Instead, if it fails to hold above 5120, then it could decline towards 5080.
Trading Strategy
Now the crucial level is 5080. 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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Short term
In the short term, if it sustains above 4980, then a rally is likely towards 5200-5250 level and it would be followed by a correction. Instead, if it fails to hold above 4980, then it has potential of testing 4850.
Extreme Short term
In the extreme short term, the level 5070 is crucial. If it sustains above this level, then Nifty is likely to test 5250 in coming trading sessions. Instead, if it fails to hold above 5070, then a decline to 4980 is likely.
Intraday
Today, if Nifty sustains above 5120, then it could test 5150 and above 5150, it could test 5200. Instead, if it fails to hold above 5120, then it could decline towards 5080.
Trading Strategy
Now the crucial level is 5080. 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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Monday, April 21, 2008
TECHNICAL OUTLOOK, 21 APRIL
Nifty 4958.40
Short term
In the short term, if it sustains above 4920, then a rally is likely towards 5100-5150 level and it would be followed by a consolidation. Instead, if it fails to hold above 4920, then it has potential of testing 4820 in coming trading sessions.
Extreme Short term
In the extreme short term, the level 4920 is crucial. If it sustains above this level, then Nifty is likely to test 5100 in coming trading sessions.
Intraday
Today, if Nifty sustains above 4920, then it could test 5050 and above 5050, it could test 5100. Instead, if it fails to hold above 4920, then it could decline towards 4845.
Trading Strategy
Now the crucial level is 4920. 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
TECHNICAL OUTLOOK,15 APRIL
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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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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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.
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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.
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Monday, March 31, 2008
TECHNICAL OUTLOOK, 31 MARCH
Nifty 4942.00
Short term
The short term bottom would be confirmed if it sustains above 4720 level and in the upper side it is likely to test 5050 in coming trading sessions.
Extreme Short term
In the extreme short term, the level 4850 is crucial. If it sustains above this level, then it is likely to move towards 5050.
Intraday
Today, if Nifty sustains above 4900, then it could test 5000 and above 5000, it could test 5050. Instead, if it fails to hold above 4900, then it could decline towards 4850.
Trading Strategy
Now the crucial level is 4900. 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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Monday, March 24, 2008
TECHNICAL OUTLOOK, 24 MARCH
Nifty 4573.95
Short term
Nifty is likely to make a short term bottom around 4450 level. And if this level is held, then nifty is likely to rally towards 5050 initially. Instead, if this level is violated, then a decline to 4000 is likely.
Extreme Short term
In the extreme short term, the level 4450 is crucial. If it sustains above this level, then it is likely to move towards 5050.
Intraday
Today, if Nifty sustains above 4630, then it could test 4675 and above 4675, it could test 4750. Instead, if it fails to sustain above 4630, then it is likely to decline towards 4450.
Trading Strategy
Now the crucial level is 4630. 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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Short term
Nifty is likely to make a short term bottom around 4450 level. And if this level is held, then nifty is likely to rally towards 5050 initially. Instead, if this level is violated, then a decline to 4000 is likely.
Extreme Short term
In the extreme short term, the level 4450 is crucial. If it sustains above this level, then it is likely to move towards 5050.
Intraday
Today, if Nifty sustains above 4630, then it could test 4675 and above 4675, it could test 4750. Instead, if it fails to sustain above 4630, then it is likely to decline towards 4450.
Trading Strategy
Now the crucial level is 4630. 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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Monday, March 17, 2008
TECHNICAL OUTLOOK, 17 MARCH
Nifty 4745.80
Short term
Nifty is likely to make a short term bottom between 4500 and 4600. And if this level is held, then nifty is likely to rally towards 5050 initially.
Extreme Short term
In the extreme short term, the level 4500 is crucial. If it sustains above this level, then it is likely to move towards 5050 and a move above 4750 would confirm the target.
Intraday
Today, if Nifty sustains above 4650, then it could test 4750. Instead, if it moves below 4650, then it could test 4550.
Trading Strategy
Now the crucial level is 4650. 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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Monday, March 10, 2008
TECHNICAL OUTLOOK, 10 MARCH
Nifty 4771.60
Short term
Nifty is likely to make a short term bottom in coming trading sessions around 4500-4600 level.
Extreme Short term
In the extreme short term, the level 4710 is crucial. If it sustains above this level, then it is likely to move towards 4950 initially. Instead, if the level is violated, then it is likely to decline towards 4600.
Intraday
Today, if Nifty sustains above 4710, then it could test 4875. Instead, if it fails to sustain above 4710, then it could test 4600.
Trading Strategy
Now the crucial level is 4710. Be long above this level and be short below 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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Monday, March 03, 2008
TECHNICAL OUTLOOK, 3 MARCH
Nifty 5223.50
Short term
In the short term, the level 5050 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5170 is crucial. If it sustains above this level, then it is likely to move towards 5400 initially.
Intraday
Today, if Nifty moves above 5250, then it could test 5325. Instead, if it fails to sustain above 5250, then it could decline towards 5170 and below this level, it could test 5050.
Trading Strategy
Now the crucial level is 5170. Be long above this level and be short below 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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Monday, February 25, 2008
TECHNICAL OUTLOOK, 25 FEB
Nifty 5110.75
Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 is crucial. If it sustains above this level, then it is likely to bounce from these levels towards 5350 initially.
Intraday
Today, if Nifty sustains above 5150, then it could test 5200 and above this level it could test 5250. Instead, if it fails to sustain above 5150, then it could test 5100 and below this level, it could test 5000.
Trading Strategy
Now the crucial level is 5100. Be long above this level and be short below 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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Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 is crucial. If it sustains above this level, then it is likely to bounce from these levels towards 5350 initially.
Intraday
Today, if Nifty sustains above 5150, then it could test 5200 and above this level it could test 5250. Instead, if it fails to sustain above 5150, then it could test 5100 and below this level, it could test 5000.
Trading Strategy
Now the crucial level is 5100. Be long above this level and be short below 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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Monday, February 18, 2008
TECHNICAL OUTLOOK,18 FEB
Nifty 5302.90
Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 and 5350 are crucial. If Nifty fails to sustain above 5350, then it is likely to test 5125 before moving towards 5600.
Intraday
Today, if Nifty sustains above 5275, then it could test 5350. Instead, if it fails to sustain above 5275, then it could test 5225.
Trading Strategy
Now the crucial level is 5275. Be long above this level and be short below 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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Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 and 5350 are crucial. If Nifty fails to sustain above 5350, then it is likely to test 5125 before moving towards 5600.
Intraday
Today, if Nifty sustains above 5275, then it could test 5350. Instead, if it fails to sustain above 5275, then it could test 5225.
Trading Strategy
Now the crucial level is 5275. Be long above this level and be short below 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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Monday, February 11, 2008
TECHNICAL OUTLOOK, 11 FEB
Nifty 5120.35
Short term
In the short term, Nifty seems to have bottomed out and this view holds good as long as Nifty stays above 4800. Now the level, 5250 is crucial for the short term. If Nifty could sustain above this level, then it is likely to rally towards 5800-6000 level in coming weeks. Instead, if it fails to hold above 5250, then a last downside leg which has potential of testing 5000 could unfold.
In the downside the level 4800 is crucial for the short term. As long as it stays above 4800, the short term trend would remain bullish. If it fails to hold above 4800, then it is likely to retest the bottom 4400.
Extreme Short term
In the extreme short term, the level 5000 is crucial. If it holds above this level, then the trend is likely to turn bullish.
Intraday
Today, if Nifty sustains below 5100, then it could test 5000. Instead, if it moves above 5170, then it could test 5260.
Trading Strategy
Now the crucial level is 5100. Be long above this level and be short below 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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Monday, February 04, 2008
TECHNICAL OUTLOOK, 04 FEB
Nifty 5317.25
Short term
In the short term, Nifty seems to have bottomed out and this view holds good as long as Nifty stays above 4800. And in the upper side it could test 5425 initially and if it able to move above 5425, then it is likely to move towards 6000 in a short span of time. In the downside the level 4800 is crucial for the short term. As long as it stays above 4800, the short term trend would remain bullish. If it fails to hold above 4800, then it is likely to retest the bottom 4400.
Extreme Short term
In the extreme short term, the level 5425 and 5000 are crucial. If Nifty moves above 5425, then it is likely to rally further. If not, a decline to 5000 is likely.
Intraday
Today, if Nifty sustains above 5250, then it could test 5400. If it fails to sustain above 5250, then a sharp downside is likely.
Trading Strategy
Now the crucial level is 5250. Be long above this level and be short below 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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Monday, January 21, 2008
TECHNICAL OUTLOOK, 21 JAN
Nifty 5705.30
Short term
In the short term, if Nifty fails to move below 5640, then it is likely to bounce back and it is a confirmation for the termination of the correction. Instead, if Nifty moves below 5640, then the correction is likely to terminate around 5400.
Extreme Short term
In the extreme short term, the level 5640 is crucial.
Intraday
Today, if Nifty fails to sustain above 5680, then it could test 5640. Instead, if it moves above 5740, then it could test 5820.
Trading Strategy
Now the crucial level is 5680. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 19 January 2008
The medium term outlook of Nifty is looking bullish and it seems unlikely for the Nifty to go below 5400 hereafter. And also, Nifty is likely to recover sharply and it is likely to move towards 7500 by this year end. In case, the level 5400 is violated, then a decline to 5000 is likely but still the upside target would remain same.
Long term outlook of Nifty dated on 19 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 5000.
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Monday, January 14, 2008
TECHNICAL OUTLOOK, 14 JAN
Nifty 6200.10
Short term
In the short term, Nifty is likely to rally towards 6500 in coming weeks and this view holds good as long as it stays above 6120. If the level 6120 is not violated, then it is likely to bounce from current levels and a move above 6250 would confirm the termination of the correction. Instead, if it fails to hold above 6120, then it could decline towards 5950-6000 levels.
Extreme Short term
In the extreme short term, the levels 6120 and 6250 are crucial.
Intraday
Today, if Nifty sustains above 6150, then it is likely to test 6250 and above 6250, it could test 6300. Instead, if it fails to hold above 6150, then it could decline to 6120 and below 6120, it could test 6080.
Trading Strategy
Now the crucial level is 6120. Be long above this level and be short below this level.
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Monday, January 07, 2008
TECHNICAL OUTLOOK, 07 JAN
Nifty 6274.30
In the short term, Nifty is likely to rally towards 6500 in coming weeks and this view holds good as long as it stays above 6120.
In the extreme short term, the level 6200 is crucial. Below 6200, it could test 6120.
Today, if Nifty sustains above 6230, and moves above 6280, then it is likely to test 6320. Instead, if it moves below 6200, then it is likely to test 6150.
Trading Strategy
Now the crucial level is 6200.
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