TECHNICAL OUTLOOK, 6 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2780.05



Nifty Intraday trading levels and range

Today, if Nifty trades below 2800 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2800, then it could test 2825.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2825. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 2850 for a target of 2500 with a stop at 2910 and trade long above 2910 for a target of 3050 with a stop at 2850.



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 2950.






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 1330 is crucial for short term. If it sustains above 1330, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1330 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 1330 for a target of 1360. Initiate shorts if it fails to sustain above 1330 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1120. If it fails to sustain above 1120, 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 1120, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1110. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 900. And initiate longs if it sustains above 1180 for a target of 1250.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Maruti (spot)

The level 605 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 635.

Instead, if it fails to sustain above 605, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.



Trading Strategy for Maruti

For intraday, the crucial level is 593. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 605 for a target of 500. Initiate longs if it sustains above 605 for a target of 635.




ONGC (spot)

The crucial level for the scrip in the short term is 680. The trend would remain bearish for this scrip if it sustains below 680 and in the down side, it could test 600 initially.

If the scrip sustains above 680, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 720.


Trading Strategy for ONGC

For intraday, the crucial level is 680. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 680 is broken in the upside for a target of 720. Short if it fails to sustain above 680 for a target of 600.


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TECHNICAL OUTLOOK, 5 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2803.05



Nifty Intraday trading levels and range

Today, if Nifty trades below 2795 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2795, then it could test 2825.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2795. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 2910 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



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 2950.






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 1330 is crucial for short term. If it sustains above 1330, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1330 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 1305. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1330 for a target of 1360. Initiate shorts if it fails to sustain above 1330 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1120. If it fails to sustain above 1120, 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 1120, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1105. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 900. And initiate longs if it sustains above 1180 for a target of 1250.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1295. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Bharti (spot)

The level 645 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 670.

Instead, if it fails to sustain above 645, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.



Trading Strategy for Bharti

For intraday, the crucial level is 639. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 640 for a target of 550. Initiate longs if it sustains above 645 for a target of 670.




Canara Bank (spot)

The crucial level for the scrip in the short term is 185. The trend would remain bearish for this scrip if it sustains below 185 and in the down side, it could test 140 initially.

If the scrip sustains above 185, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 200.


Trading Strategy for Canara Bank

For intraday, the crucial level is 181. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 185 is broken in the upside for a target of 200. Short if it fails to sustain above 185 for a target of 140.


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TECHNICAL OUTLOOK, 4 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2783.90



Nifty Intraday trading levels and range

Today, if Nifty trades below 2805 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2805, then it could test 2840.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2850. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 2910 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



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 2950.






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 1330 is crucial for short term. If it sustains above 1330, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1330 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 1295. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1330 for a target of 1360. Initiate shorts if it fails to sustain above 1330 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1120. If it fails to sustain above 1120, 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 1120, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1120. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 900. And initiate longs if it sustains above 1180 for a target of 1250.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1290. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





DLF (spot)

The level 160 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 190.

Instead, if it fails to sustain above 160, the short term trend would turn bearish and in the downside it is likely to decline towards 100 initially.



Trading Strategy for DLF

For intraday, the crucial level is 140. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 160 for a target of 100. Initiate longs if it sustains above 160 for a target of 190.




ACC (spot)

The crucial level for the scrip in the short term is 540. The trend would remain bearish for this scrip if it sustains below 540 and in the down side, it could test 450 initially.

If the scrip sustains above 540, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 570.


Trading Strategy for Acc

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 540 is broken in the upside for a target of 570. Short if it fails to sustain above 540 for a target of 450.


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TECHNICAL OUTLOOK, 3 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2766.95



Nifty Intraday trading levels and range

Today, if Nifty trades below 2780 then it could test 2700 and below this level it could test 2650.

Instead, if it sustains above 2780, then it could test 2805 and above this level it could test 2825.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2780. Trade short below this level and trade long above this level.


Nifty Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 2910 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



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 2950.






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 1310 is crucial for short term. If it sustains above 1310, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1310 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 1295. Trade long above these levels and trade short below these levels.

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



SBI (spot)

The crucial level for the short term for this scrip is 1130. If it fails to sustain above 1130, 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 1130, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.


Trading Strategy for SBI

For Intraday, the crucial level is 1110. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 900. And initiate longs if it sustains above 1180 for a target of 1250.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Rcom (spot)

The level 175 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 195.

Instead, if it fails to sustain above 175, 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 165. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 175 for a target of 120. Initiate longs if it sustains above 175 for a target of 195.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 425. The trend would remain bearish for this scrip if it sustains below 425 and in the down side, it could test 300 initially.

If the scrip sustains above 425, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 450.


Trading Strategy for Reliance capital

For intraday, the crucial level is 398. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 425 is broken in the upside for a target of 450. Short if it fails to sustain above 425 for a target of 300.


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TECHNICAL OUTLOOK, 2 FEBRUARY

D Sathia Moorthy


Nifty (spot) 2823.95



Nifty Intraday trading levels

Today, if Nifty trades below 2845 then it could test 2810 and below this level it could test 2750.

Instead, if it sustains above 2840, then it could test 2900.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2845. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2910 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



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 2950.






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 1360 is crucial for short term. If it sustains above 1360, then it is likely to rally towards 1400.

Instead, if it fails to sustain above 1360 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 1310. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1360 for a target of 1400. Initiate shorts if it fails to sustain above 1360 for a target of 1000 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1180. If it fails to sustain above 1180, 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 1180, 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 1130. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1180 for a target of 900. And initiate longs if it sustains above 1180 for a target of 1250.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1295. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Gail (spot)

The level 215 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 235.

Instead, if it fails to sustain above 215, the short term trend would turn bearish and in the downside it is likely to decline towards 155 initially.



Trading Strategy for Gail

For intraday, the crucial level is 198. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 215 for a target of 155. Initiate longs if it sustains above 215 for a target of 235.




Rpower (spot)

The crucial level for the scrip in the short term is 110. The trend would remain bearish for this scrip if it sustains below 110 and in the down side, it could test 70 initially.

If the scrip sustains above 110, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 125.


Trading Strategy for Rpower

For intraday, the crucial level is 108. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 110 is broken in the upside for a target of 125. Short if it fails to sustain above 110 for a target of 70.


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TECHNICAL OUTLOOK, 30 JANUARY

D Sathia Moorthy

Nifty (spot) 2823.55


Nifty Intraday trading levels

Today, if Nifty trades below 2840 then it could test 2760 and below this level it could test 2700.

Instead, if it moves above 2840, then it could test 2900.


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 2910 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



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 2950.






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 1310 is crucial for short term. If it sustains above 1310, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1310 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 1250. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1310 for a target of 1360. Initiate shorts if it fails to sustain above 1310 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1190.


Trading Strategy for SBI

For Intraday, the crucial level is 1115. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 900. And initiate longs if it sustains above 1140 for a target of 1190.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1290. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Gail (spot)

The level 215 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 235.

Instead, if it fails to sustain above 215, the short term trend would turn bearish and in the downside it is likely to decline towards 155 initially.



Trading Strategy for Gail

For intraday, the crucial level is 192. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 215 for a target of 155. Initiate longs if it sustains above 215 for a target of 235.




Rpower (spot)

The crucial level for the scrip in the short term is 110. The trend would remain bearish for this scrip if it sustains below 110 and in the down side, it could test 70 initially.

If the scrip sustains above 110, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 125.


Trading Strategy for Rpower

For intraday, the crucial level is 103. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 110 is broken in the upside for a target of 125. Short if it fails to sustain above 110 for a target of 70.


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TECHNICAL OUTLOOK, 29 JANUARY

D Sathia Moorthy


Nifty (spot) 2849.50


Nifty is likely to top out around 2900 Levels



Nifty Intraday trading levels

Today, if Nifty trades above 2850 then it could test 2910.

Instead, if it fails to move above 2910, then it could test 2800 and below this level it could test 2750.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2910. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2910 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2910.



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 2950.






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 1310 is crucial for short term. If it sustains above 1310, then it is likely to rally towards 1360.

Instead, if it fails to sustain above 1310 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 1310. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1310 for a target of 1360. Initiate shorts if it fails to sustain above 1310 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1190.


Trading Strategy for SBI

For Intraday, the crucial level is 1140. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 900. And initiate longs if it sustains above 1140 for a target of 1190.



Infosys (spot)

The level 1320 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 1350.

If it fails to sustain above 1320, 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 1320. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1320 for a target of 1000. Initiate longs if it sustains above 1320 for a target of 1350.





Rcom (spot)

The level 185 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 210.

Instead, if it fails to sustain above 185, the short term trend would turn bearish and in the downside it is likely to decline towards 130 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 177. 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 130. Initiate longs if it sustains above 185 for a target of 210.




Ranbaxy (spot)

The crucial level for the scrip in the short term is 225. The trend would remain bearish for this scrip if it sustains below 225 and in the down side, it could test 150 initially.

If the scrip sustains above 225, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 250.


Trading Strategy for Ranbaxy

For intraday, the crucial level is 225. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 225 is broken in the upside for a target of 250. Short if it fails to sustain above 225 for a target of 150.


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TECHNICAL OUTLOOK, 28 JANUARY

D Sathia Moorthy


Nifty (spot) 2771.35



Nifty Intraday trading levels

Today, if Nifty trades above 2745 then it could test 2810 and above this level, it could test 2850.

Instead, if it trades below 2745, then it could test 2700 and below this level it could test 2650.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2745. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2880 for a target of 2500 with a stop at 2950 and trade long above 2950 for a target of 3050 with a stop at 2880.



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 2950.






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 1180 is crucial for short term. If it sustains above 1180, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1180 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 1210. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1260. Initiate shorts if it fails to sustain above 1180 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1070. If it fails to sustain above 1070, 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 1070, then the short term trend would turn bullish and in the upper side it is likely to move towards 1140.


Trading Strategy for SBI

For Intraday, the crucial level is 1100. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1070 for a target of 900. And initiate longs if it sustains above 1070 for a target of 1140.



Infosys (spot)

The level 1250 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 1320.

If it fails to sustain above 1250, 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 1235. Trade long above this level and be short below this level.

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





Tata Steel (spot)

The level 183 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 205.

Instead, if it fails to sustain above 183, the short term trend would turn bearish and in the downside it is likely to decline towards 130 initially.



Trading Strategy for Tata Steel

For intraday, the crucial level is 176. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 183 for a target of 130. Initiate longs if it sustains above 183 for a target of 205.




Tata Motors (spot)

The crucial level for the scrip in the short term is 145. The trend would remain bearish for this scrip if it sustains below 145 and in the down side, it could test 100 initially.

If the scrip sustains above 145, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 160.


Trading Strategy for Tata Motors

For intraday, the crucial level is 139. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 145 is broken in the upside for a target of 160. Short if it fails to sustain above 145 for a target of 100.


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TECHNICAL OUTLOOK, 27 JANUARY

D Sathia Moorthy


Nifty (spot) 2678.55



Nifty Intraday trading levels

Today, if Nifty trades below 2695 then it could test 2600. Instead, if it trades above 2695, then it could test 2730.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2695. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2730 for a target of 2500 with a stop at 2780 and trade long above 2780 for a target of 2880 with a stop at 2730.



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 1180 is crucial for short term. If it sustains above 1180, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1180 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 1180. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1260. Initiate shorts if it fails to sustain above 1180 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1070. If it fails to sustain above 1070, 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 1070, then the short term trend would turn bullish and in the upper side it is likely to move towards 1140.


Trading Strategy for SBI

For Intraday, the crucial level is 1050. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1070 for a target of 900. And initiate longs if it sustains above 1070 for a target of 1140.



Infosys (spot)

The level 1250 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 1320.

If it fails to sustain above 1250, 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 1220. Trade long above this level and be short below this level.

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





Tata Steel (spot)

The level 183 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 205.

Instead, if it fails to sustain above 183, the short term trend would turn bearish and in the downside it is likely to decline towards 130 initially.



Trading Strategy for Tata Steel

For intraday, the crucial level is 168. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 183 for a target of 130. Initiate longs if it sustains above 183 for a target of 205.




Tata Motors (spot)

The crucial level for the scrip in the short term is 145. The trend would remain bearish for this scrip if it sustains below 145 and in the down side, it could test 100 initially.

If the scrip sustains above 145, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 160.


Trading Strategy for Tata Motors

For intraday, the crucial level is 138. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 145 is broken in the upside for a target of 160. Short if it fails to sustain above 145 for a target of 100.


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TECHNICAL OUTLOOK, 23 JANUARY

D Sathia Moorthy


Nifty (spot) 2713.80



Nifty Intraday trading levels

Today, if Nifty trades below 2730 then it could test 2680 and below this level, it could test 2600. Instead, if it trades above 2730, then it could test 2750.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2730. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2780 for a target of 2500 with a stop at 2810 and trade long above 2810 for a target of 2900 with a stop at 2780.



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 1180 is crucial for short term. If it sustains above 1180, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1180 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 1110. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1260. Initiate shorts if it fails to sustain above 1180 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1075. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 900. And initiate longs if it sustains above 1140 for a target of 1200.



Infosys (spot)

The level 1270 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 1320.

If it fails to sustain above 1270, 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 1270 for a target of 1000. Initiate longs if it sustains above 1270 for a target of 1320.





DLF (spot)

The level 185 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 210.

Instead, if it fails to sustain above 185, the short term trend would turn bearish and in the downside it is likely to decline towards 100 initially.



Trading Strategy for DLF

For intraday, the crucial level is 170. 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 100. Initiate longs if it sustains above 185 for a target of 210.




Hero Honda (spot)

The crucial level for the scrip in the short term is 860. The trend would remain bearish for this scrip if it sustains below 860 and in the down side, it could test 760 initially.

If the scrip sustains above 860, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 920.


Trading Strategy for Hero Honda

For intraday, the crucial level is 860. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 860 is broken in the upside for a target of 920. Short if it fails to sustain above 860 for a target of 760.


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TECHNICAL OUTLOOK, 22 JANUARY

D Sathia Moorthy


January 22, 2009


Nifty (spot) 2796.20



Nifty Intraday trading levels

Today, if Nifty trades below 2730 then it could test 2680 and below this level, it could test 2600. Instead, if it trades above 2730, then it could test 2775.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2730. 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 1180 is crucial for short term. If it sustains above 1180, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1180 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 1140. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1260. Initiate shorts if it fails to sustain above 1180 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1095. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 900. And initiate longs if it sustains above 1140 for a target of 1200.



Infosys (spot)

The level 1270 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 1320.

If it fails to sustain above 1270, 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 1235. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1270 for a target of 1000. Initiate longs if it sustains above 1270 for a target of 1320.





HDFC Bank (spot)

The level 950 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 1050.

Instead, if it fails to sustain above 950, the short term trend would turn bearish and in the downside it is likely to decline towards 750 initially.



Trading Strategy for Hdfc Bank

For intraday, the crucial level is 920. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 950 for a target of 750. Initiate longs if it sustains above 950 for a target of 1050.




Sterlite (spot)

The crucial level for the scrip in the short term is 280. The trend would remain bearish for this scrip if it sustains below 280 and in the down side, it could test 180 initially.

If the scrip sustains above 280, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 300.


Trading Strategy for Sterlite

For intraday, the crucial level is 245. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 280 is broken in the upside for a target of 300. Short if it fails to sustain above 280 for a target of 180.


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TECHNICAL OUTLOOK, 21 JANUARY

D Sathia Moorthy


Nifty (spot) 2796.20



Nifty Intraday trading levels

Today, if Nifty trades below 2760 then it could test 2680 and below this level, it could test 2650. Instead, if it trades above 2760, then it could test 2810.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2760. 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 1210 is crucial for short term. If it sustains above 1210, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1210 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 1210. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1210 for a target of 1260. Initiate shorts if it fails to sustain above 1210 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1110. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 900. And initiate longs if it sustains above 1140 for a target of 1200.



Infosys (spot)

The level 1270 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 1320.

If it fails to sustain above 1270, 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 1235. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1270 for a target of 1000. Initiate longs if it sustains above 1270 for a target of 1320.





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 140 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 180. 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 140. Initiate longs if it sustains above 195 for a target of 220.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 440. The trend would remain bearish for this scrip if it sustains below 440 and in the down side, it could test 350 initially.

If the scrip sustains above 440, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 410. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 440 is broken in the upside for a target of 470. Short if it fails to sustain above 440 for a target of 350.


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TECHNICAL OUTLOOK, 21 JANUARY

D Sathia Moorthy


Nifty (spot) 2796.20



Nifty Intraday trading levels

Today, if Nifty trades below 2760 then it could test 2680 and below this level, it could test 2650. Instead, if it trades above 2760, then it could test 2810.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2760. 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 1210 is crucial for short term. If it sustains above 1210, then it is likely to rally towards 1260.

Instead, if it fails to sustain above 1210 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 1210. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1210 for a target of 1260. Initiate shorts if it fails to sustain above 1210 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1140. If it fails to sustain above 1140, 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 1140, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1110. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1140 for a target of 900. And initiate longs if it sustains above 1140 for a target of 1200.



Infosys (spot)

The level 1270 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 1320.

If it fails to sustain above 1270, 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 1235. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1270 for a target of 1000. Initiate longs if it sustains above 1270 for a target of 1320.





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 140 initially.



Trading Strategy for Rcom

For intraday, the crucial level is 180. 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 140. Initiate longs if it sustains above 195 for a target of 220.




Reliance Capital (spot)

The crucial level for the scrip in the short term is 440. The trend would remain bearish for this scrip if it sustains below 440 and in the down side, it could test 350 initially.

If the scrip sustains above 440, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 470.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 410. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 440 is broken in the upside for a target of 470. Short if it fails to sustain above 440 for a target of 350.


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