Nifty (spot) 4564.00
Nifty Intraday trading levels and range
Today, if Nifty sustains below 4640, then it could test 4580 and below that level, it could test 4500.
Instead, if Nifty trades above 4640, then it could test 4665.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4640. 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 4920 for a target of 4500 with a stop at 4920 and trade long above 4920 for a target of 5200 with a stop at 4920.
Short term Technical View of Nifty
Nifty is likely to test 4500 initially in the downside, if it fails to move above 4920 in coming trading sessions. And if it trades above 4920, then it could test 5200 levels.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. 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 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1900 is crucial for short term. If it sustains above 1900, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1900 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1900. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1900 for a target of 1950. Initiate shorts if it fails to sustain above 1900 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 2170. If it fails to sustain above 2170, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.
Instead, if it sustains above 2170, then the short term trend would turn bullish and in the upper side it is likely to move towards 2230.
Trading Strategy for SBI
For Intraday, the crucial level is 2125. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 2170 for a target of 2050. And initiate longs if it sustains above 2170 for a target of 2230.
Rcom (spot)
The level 170 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 185.
If it fails to sustain above 170, then the 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 170. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 170 for a target of 130. Initiate longs if it sustains above 170 for a target of 185.
Icici Bank (spot)
The level 830 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 860.
Instead, if it fails to sustain above 830, the short term trend would turn bearish and in the downside it is likely to decline towards 690 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 830 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 830 for a target of 690. Initiate longs if it sustains above 830 for a target of 860.
Tata Steel (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 380 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 480.
Trading Strategy for Tata Steel
For intraday, the crucial level is 440. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 440 in the upside for a target of 480. Short if it fails to sustain above 440 for a target of 380.
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Nifty Intraday trading levels and range
Today, if Nifty sustains below 4640, then it could test 4580 and below that level, it could test 4500.
Instead, if Nifty trades above 4640, then it could test 4665.
Nifty intraday Trading Strategy
For intraday, the crucial level is 4640. 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 4920 for a target of 4500 with a stop at 4920 and trade long above 4920 for a target of 5200 with a stop at 4920.
Short term Technical View of Nifty
Nifty is likely to test 4500 initially in the downside, if it fails to move above 4920 in coming trading sessions. And if it trades above 4920, then it could test 5200 levels.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. 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 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1900 is crucial for short term. If it sustains above 1900, then it is likely to rally towards 1950.
Instead, if it fails to sustain above 1900 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1900. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1900 for a target of 1950. Initiate shorts if it fails to sustain above 1900 for a target of 1800.
SBI (spot)
The crucial level for the short term for this scrip is 2170. If it fails to sustain above 2170, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.
Instead, if it sustains above 2170, then the short term trend would turn bullish and in the upper side it is likely to move towards 2230.
Trading Strategy for SBI
For Intraday, the crucial level is 2125. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 2170 for a target of 2050. And initiate longs if it sustains above 2170 for a target of 2230.
Rcom (spot)
The level 170 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 185.
If it fails to sustain above 170, then the 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 170. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 170 for a target of 130. Initiate longs if it sustains above 170 for a target of 185.
Icici Bank (spot)
The level 830 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 860.
Instead, if it fails to sustain above 830, the short term trend would turn bearish and in the downside it is likely to decline towards 690 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 830 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 830 for a target of 690. Initiate longs if it sustains above 830 for a target of 860.
Tata Steel (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 380 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 480.
Trading Strategy for Tata Steel
For intraday, the crucial level is 440. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 440 in the upside for a target of 480. Short if it fails to sustain above 440 for a target of 380.
Visit us at:
www.sathiamoorthy.com
Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai
