TECHNICAL OUTLOOK, 20 JANUARY

D Sathia Moorthy


Nifty (spot) 2846.20



Nifty Intraday trading levels

Today, if Nifty trades below 2810 then it could test 2730 and below this level, it could test 2680. Instead, if it trades above 2810, then it could test 2870.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2810. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1260 is crucial for short term. If it sustains above 1260, then it is likely to rally towards 1300.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1220. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1260 for a target of 1300. Initiate shorts if it fails to sustain above 1260 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1250.


Trading Strategy for SBI

For Intraday, the crucial level is 1135. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 900. And initiate longs if it sustains above 1200 for a target of 1250.



Infosys (spot)

The level 1310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1360.

If it fails to sustain above 1310, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1360.





Wipro (spot)

The level 250 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 275.

Instead, if it fails to sustain above 250, the short term trend would turn bearish and in the downside it is likely to decline towards 170 initially.



Trading Strategy for Wipro

For intraday, the crucial level is 227. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 250 for a target of 170. Initiate longs if it sustains above 250 for a target of 275.




Hcl Tech (spot)

The crucial level for the scrip in the short term is 125. The trend would remain bearish for this scrip if it sustains below 125 and in the down side, it could test 80 initially.

If the scrip sustains above 125, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 140.


Trading Strategy for Hcl Tech

For intraday, the crucial level is 113. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 125 is broken in the upside for a target of 140. Short if it fails to sustain above 125 for a target of 80.



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TECHNICAL OUTLOOK, 19 JANUARY

D Sathia Moorthy


Nifty (spot) 2828.45



Nifty Intraday trading levels

Today, if Nifty trades above 2810 then it could test 2870. Instead, if it trades below 2810, then it could test 2730.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2815. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1220 is crucial for short term. If it sustains above 1220, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1220 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1200. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1220 for a target of 1260. Initiate shorts if it fails to sustain above 1220 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1250.


Trading Strategy for SBI

For Intraday, the crucial level is 1180. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 900. And initiate longs if it sustains above 1200 for a target of 1250.



Infosys (spot)

The level 1310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1360.

If it fails to sustain above 1310, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1280. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1360.





Sail (spot)

The level 85 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 100.

Instead, if it fails to sustain above 85, the short term trend would turn bearish and in the downside it is likely to decline towards 60 initially.



Trading Strategy for Sail

For intraday, the crucial level is 78. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 85 for a target of 60. Initiate longs if it sustains above 85 for a target of 100.




Gail (spot)

The crucial level for the scrip in the short term is 220. The trend would remain bearish for this scrip if it sustains below 220 and in the down side, it could test 180 initially.

If the scrip sustains above 220, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 240.


Trading Strategy for Gail

For intraday, the crucial level is 206. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 220 is broken in the upside for a target of 240. Short if it fails to sustain above 220 for a target of 180.


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TECHNICAL OUTLOOK, 16 JANUARY

D Sathia Moorthy


January 16, 2009


Nifty (spot) 2836.70



Nifty Intraday trading levels

Today, if Nifty trades below 2785 then it could test 2700 and below this level, it could test 2650. Instead, if it trades above 2785, then it could test 2870.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2785. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1220 is crucial for short term. If it sustains above 1220, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1220 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1160. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1220 for a target of 1260. Initiate shorts if it fails to sustain above 1220 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1250.


Trading Strategy for SBI

For Intraday, the crucial level is 1175. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 900. And initiate longs if it sustains above 1200 for a target of 1250.



Infosys (spot)

The level 1310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1360.

If it fails to sustain above 1310, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1265. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1360.





Rcom (spot)

The level 195 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 225.

Instead, if it fails to sustain above 195, the short term trend would turn bearish and in the downside it is likely to decline towards 140 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 185. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 185 for a target of 140. Initiate longs if it sustains above 195 for a target of 225.




TCS (spot)

The crucial level for the scrip in the short term is 535. The trend would remain bearish for this scrip if it sustains below 535 and in the down side, it could test 440 initially.

If the scrip sustains above 535, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 560.


Trading Strategy for TCS

For intraday, the crucial level is 525. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 535 is broken in the upside for a target of 560. Short if it fails to sustain above 535 for a target of 440.


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TECHNICAL OUTLOOK, 15 JANUARY

D Sathia Moorthy

January 15, 2009


Nifty (spot) 2835.30



Nifty Intraday trading levels

Today, if Nifty trades below 2785 then it could test 2700 and below this level, it could test 2650. Instead, if it trades above 2785, then it could test 2850.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2785. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1220 is crucial for short term. If it sustains above 1220, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1220 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1160. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1220 for a target of 1260. Initiate shorts if it fails to sustain above 1220 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1250.


Trading Strategy for SBI

For Intraday, the crucial level is 1200. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 900. And initiate longs if it sustains above 1200 for a target of 1250.



Infosys (spot)

The level 1310 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1360.

If it fails to sustain above 1310, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1310. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1310 for a target of 1000. Initiate longs if it sustains above 1310 for a target of 1360.





Rpl (spot)

The level 82 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 92.

Instead, if it fails to sustain above 82, the short term trend would turn bearish and in the downside it is likely to decline towards 50 initially.



Trading Strategy for Rpl

For intraday, the crucial level is 82. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 82 for a target of 50. Initiate longs if it sustains above 82 for a target of 92.




Sterlite (spot)

The crucial level for the scrip in the short term is 265. The trend would remain bearish for this scrip if it sustains below 265 and in the down side, it could test 200 initially.

If the scrip sustains above 265, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 305.


Trading Strategy for Sterlite

For intraday, the crucial level is 265. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 265 is broken in the upside for a target of 305. Short if it fails to sustain above 265 for a target of 200.


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TECHNICAL OUTLOOK, 14 JANUARY

D Sathia Moorthy


Nifty (spot) 2744.95



Nifty Intraday trading levels

Today, if Nifty trades below 2800, then it could test 2700 and below this level, it could test 2600. Instead, if it trades above 2800, then it could test 2850.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2785. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2870 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1150 is crucial for short term. If it sustains above 1150, then it is likely to rally towards 1220.

Instead, if it fails to sustain above 1150 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1100. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1150 for a target of 1220. Initiate shorts if it fails to sustain above 1150 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1250.


Trading Strategy for SBI

For Intraday, the crucial level is 1200. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 900. And initiate longs if it sustains above 1200 for a target of 1250.



Infosys (spot)

The level 1260 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.

If it fails to sustain above 1260, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1260. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1260 for a target of 1000. Initiate longs if it sustains above 1260 for a target of 1300.





Rcom (spot)

The level 195 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 220.

Instead, if it fails to sustain above 195, the short term trend would turn bearish and in the downside it is likely to decline towards 120 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 175. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 195 for a target of 120. Initiate longs if it sustains above 195 for a target of 220.




ICICI Bank (spot)

The crucial level for the scrip in the short term is 450. The trend would remain bearish for this scrip if it sustains below 450 and in the down side, it could test 350 initially.

If the scrip sustains above 450, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 500.


Trading Strategy for ICICI Bank

For intraday, the crucial level is 437. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 450 is broken in the upside for a target of 500. Short if it fails to sustain above 450 for a target of 350.


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TECHNICAL OUTLOOK, 13 JANUARY

D Sathia Moorthy

January 13, 2009


Nifty (spot) 2773.40



Nifty Intraday trading levels

Today, if Nifty trades below 2800, then it could test 2700 and below this level, it could test 2600. Instead, if it trades above 2800, then it could test 2870.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2800. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2950 for a target of 2500 with a stop at 3000 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1150 is crucial for short term. If it sustains above 1150, then it is likely to rally towards 1270.

Instead, if it fails to sustain above 1150 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1120. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1150 for a target of 1270. Initiate shorts if it fails to sustain above 1150 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1200. If it fails to sustain above 1200, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.

Instead, if it sustains above 1200, then the short term trend would turn bullish and in the upper side it is likely to move towards 1250.


Trading Strategy for SBI

For Intraday, the crucial level is 1200. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 900. And initiate longs if it sustains above 1200 for a target of 1250.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1150. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





ONGC (spot)

The level 710 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 750.

Instead, if it fails to sustain above 710, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.



Trading Strategy for ONGC

For intraday, the crucial level is 660. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 710 for a target of 550. Initiate longs if it sustains above 710 for a target of 750.




Maruti (spot)

The crucial level for the scrip in the short term is 580. The trend would remain bearish for this scrip if it sustains below 580 and in the down side, it could test 500 initially.

If the scrip sustains above 580, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 630.


Trading Strategy for Maruti

For intraday, the crucial level is 580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 580 is broken in the upside for a target of 630. Short if it fails to sustain above 580 for a target of 500.


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TECHNICAL OUTLOOK, 12 JANUARY

D Sathia Moorthy


Nifty (spot) 2873.40



Nifty Intraday trading levels

Today, if Nifty trades below 2920, then it could test 2800 and below this level, it could test 2750. Instead, if it trades above 2920, then it could test 2950.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2860. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2950 for a target of 2500 with a stop at 3000 and trade long above 2950 for a target of 3050 with a stop at 2900.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1250 is crucial for short term. If it sustains above 1250, then it is likely to rally towards 1320.

Instead, if it fails to sustain above 1250 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1120. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1250 for a target of 1320. Initiate shorts if it fails to sustain above 1250 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading sessions.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1200. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1150. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





MTNL (spot)

The level 80 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 95.

Instead, if it fails to sustain above 80, the short term trend would turn bearish and in the downside it is likely to decline towards 55 initially.



Trading Strategy for MTNL

For intraday, the crucial level is 74. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 80 for a target of 55. Initiate longs if it sustains above 80 for a target of 95.




Sail (spot)

The crucial level for the scrip in the short term is 90. The trend would remain bearish for this scrip if it sustains below 90 and in the down side, it could test 55 initially.

If the scrip sustains above 90, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 105.


Trading Strategy for Sail

For intraday, the crucial level is 82. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 90 is broken in the upside for a target of 105. Short if it fails to sustain above 90 for a target of 55.


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TECHNICAL OUTLOOK, 9 JANUARY

D Sathia Moorthy


Nifty (spot) 2920.40



Nifty Intraday trading levels

Today, if Nifty trades below 2950, then it could test 2850 and below this level, it could test 2750. Instead, if it trades above 2950, then it could test 3030.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1370.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1210. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1370. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1350. If it fails to sustain above 1350, then it is likely to turn bearish and in the down side it could test 1000 in coming trading sessions.

Instead, if it sustains above 1350, then the short term trend would turn bullish and in the upper side it is likely to move towards 1400.


Trading Strategy for SBI

For Intraday, the crucial level is 1250. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1350 for a target of 1000. And initiate longs if it sustains above 1350 for a target of 1400.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1200. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Reliance Capital (spot)

The level 580 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 630.

Instead, if it fails to sustain above 580, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Reliance capital

For intraday, the crucial level is 530. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 580 for a target of 450. Initiate longs if it sustains above 580 for a target of 630.




Maruti (spot)

The crucial level for the scrip in the short term is 580. The trend would remain bearish for this scrip if it sustains below 580 and in the down side, it could test 480 initially.

If the scrip sustains above 580, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 620.


Trading Strategy for Maruti

For intraday, the crucial level is 580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 580 is broken in the upside for a target of 620. Short if it fails to sustain above 580 for a target of 480.


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TECHNICAL OUTLOOK, 7 JANUARY

D Sathia Moorthy


Nifty (spot) 3121.45



Nifty Intraday trading levels

Today, if Nifty trades below 3145, then it could test 3100 and below this level, it could test 3020. Instead, if it trades above 3145, then it could test 3170.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3145. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3170 for a target of 2500 with a stop at 3250 and trade long above 3250 for a target of 3400 with a stop at 3170.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 3250.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1410 is crucial for short term. If it sustains above 1410, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1410 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1410. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1400. If it fails to sustain above 1400, then it is likely to turn bearish and in the down side it could test 1150 in coming trading sessions.

Instead, if it sustains above 1400, then the short term trend would turn bullish and in the upper side it is likely to move towards 1450.


Trading Strategy for SBI

For Intraday, the crucial level is 1340. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1400 for a target of 1150. And initiate longs if it sustains above 1400 for a target of 1450.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1200. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Rcom (spot)

The level 270 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 300.

Instead, if it fails to sustain above 270, the short term trend would turn bearish and in the downside it is likely to decline towards 180 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 255. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 270 for a target of 180. Initiate longs if it sustains above 270 for a target of 300.




RPL (spot)

The crucial level for the scrip in the short term is 97. The trend would remain bearish for this scrip if it sustains below 97 and in the down side, it could test 80 initially.

If the scrip sustains above 97, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 107.


Trading Strategy for RPL

For intraday, the crucial level is 92.50. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 97 is broken in the upside for a target of 107. Short if it fails to sustain above 97 for a target of 80.


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TECHNICAL OUTLOOK, 6 JANUARY

D Sathia Moorthy


Nifty (spot) 3121.45



Nifty Intraday trading levels

Today, if Nifty trades below 3170, then it could test 3100 and below this level, it could test 3050. Instead, if it trades above 3170, then it could test 3220.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3170. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3170 for a target of 2500 with a stop at 3250 and trade long above 3250 for a target of 3400 with a stop at 3170.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 and this view holds good as long as Nifty stays below 3050. If Nifty sustains above 3050, then it could test 3150 which will be followed by a decline towards 2500.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1400 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1450.

Instead, if it fails to sustain above 1400 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1400. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1400 for a target of 1450. Initiate shorts if it fails to sustain above 1400 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1400. If it fails to sustain above 1400, then it is likely to turn bearish and in the down side it could test 1150 in coming trading sessions.

Instead, if it sustains above 1400, then the short term trend would turn bullish and in the upper side it is likely to move towards 1450.


Trading Strategy for SBI

For Intraday, the crucial level is 1370. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1400 for a target of 1150. And initiate longs if it sustains above 1400 for a target of 1450.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1200. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Tisco (spot)

The level 260 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 280.

Instead, if it fails to sustain above 260, the short term trend would turn bearish and in the downside it is likely to decline towards 200 initially.



Trading Strategy for Tisco

For intraday, the crucial level is 260. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 260 for a target of 200. Initiate longs if it sustains above 260 for a target of 280.




Tata Motors (spot)

The crucial level for the scrip in the short term is 195. The trend would remain bearish for this scrip if it sustains below 195 and in the down side, it could test 140 initially.

If the scrip sustains above 195, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 220.


Trading Strategy for Tata Motors

For intraday, the crucial level is 182. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 195 is broken in the upside for a target of 220. Short if it fails to sustain above 195 for a target of 140.


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TECHNICAL OUTLOOK, 5 JANAURY

D Sathia Moorthy


Nifty (spot) 3051.55



Nifty Intraday trading levels

Today, if Nifty trades below 3050, then it could test 2990 and below this level, it could test 2900. Instead, if it trades above 3050, then it could test 3150.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3050. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 and this view holds good as long as Nifty stays below 3050. If Nifty sustains above 3050, then it could test 3150 which will be followed by a decline towards 2500.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1300. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1350. If it fails to sustain above 1350, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1350, then the short term trend would turn bullish and in the upper side it is likely to move towards 1400.


Trading Strategy for SBI

For Intraday, the crucial level is 1350. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1350 for a target of 1000. And initiate longs if it sustains above 1350 for a target of 1400.



DLF (spot)

The level 300 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 340.

If it fails to sustain above 300, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for DLF


For intraday, the crucial level is 295. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 300 for a target of 200. Initiate longs if it sustains above 300 for a target of 340.





Suzlon (spot)

The level 70 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 85.

Instead, if it fails to sustain above 70, the short term trend would turn bearish and in the downside it is likely to decline towards 45 initially.



Trading Strategy for Suzlon

For intraday, the crucial level is 68. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 70 for a target of 45. Initiate longs if it sustains above 70 for a target of 85.




Unitech (spot)

The crucial level for the scrip in the short term is 50. The trend would remain bearish for this scrip if it sustains below 50 and in the down side, it could test 30 initially.

If the scrip sustains above 50, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 65.


Trading Strategy for Unitech

For intraday, the crucial level is 46. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 50 is broken in the upside for a target of 65. Short if it fails to sustain above 50 for a target of 30.


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TECHNICAL OUTLOOK, 2 JANUARY

D Sathia Moorthy


Nifty (spot) 3033.45



Nifty Intraday trading levels

Today, if Nifty trades below 3000, then it could test 3070. Instead, if it trades below 3000, then it could test 2920.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 3070. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 and this view holds good as long as Nifty stays below 3050.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1275. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1300. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1170. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Bank of Baroda (spot)

The level 295 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 320.

Instead, if it fails to sustain above 295, the short term trend would turn bearish and in the downside it is likely to decline towards 250 initially.



Trading Strategy for Bank of Baroda

For intraday, the crucial level is 295. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 295 for a target of 250. Initiate longs if it sustains above 295 for a target of 320.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 580. The trend would remain bearish for this scrip if it sustains below 580 and in the down side, it could test 500 initially.

If the scrip sustains above 580, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 620.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 580 is broken in the upside for a target of 620. Short if it fails to sustain above 580 for a target of 500.


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TECHNICAL OUTLOOK, 1 JANUARY

D Sathia Moorthy


Nifty (spot) 2959.15



Nifty Intraday trading levels

Today, if Nifty trades below 2980, then it could test 2880. Instead, if it trades above 2980, then it could test 3020.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2980. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 3050 for a target of 3150 with a stop at 3000.



Short term Technical View of Nifty


The short term trend is looking weak and it is likely to test 2500 and this view holds good as long as Nifty stays below 3050.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out at 3250.

The present rally from 2500 seems to be a counter trend rally and it is likely to peak out below the previous top of 3250.





Medium term outlook of Nifty dated on 14 October 2008

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.





Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1375.

Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1245. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1300 for a target of 1375. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1000 in coming trading session.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.


Trading Strategy for SBI

For Intraday, the crucial level is 1305. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. And initiate longs if it sustains above 1300 for a target of 1350.



Infosys (spot)

The level 1200 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1250.

If it fails to sustain above 1200, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Infosys


For intraday, the crucial level is 1125. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Acc (spot)

The level 490 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 520.

Instead, if it fails to sustain above 490, the short term trend would turn bearish and in the downside it is likely to decline towards 400 initially.



Trading Strategy for Acc

For intraday, the crucial level is 480. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 490 for a target of 400. Initiate longs if it sustains above 490 for a target of 520.




Bharti Airtel (spot)

The crucial level for the scrip in the short term is 750. The trend would remain bearish for this scrip if it sustains below 750 and in the down side, it could test 600 initially.

If the scrip sustains above 730, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 800.


Trading Strategy for Bharti Airtel

For intraday, the crucial level is 725. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 750 is broken in the upside for a target of 800. Short if it fails to sustain above 750 for a target of 600.


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