Nifty 3571.75
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target with a stop at 3535.
Today, if Nifty sustains above 3595, then it has potential of testing 3620.
If it fails to move above 3585, then it could test 3552 in the downside.
Sun Pharma 923.55
If this scip sustains above 910 level, then it has potential of testing 970 in coming trading sessions. Buy with a stop at 910.
Suzlon 1256.00
The short term trend would remain bullish as long as this scrip stays above 1220 level. Buy on decline with a stop at 1220 for a target of 1350 initially in coming trading sessions.
DELIVERY CALLS
Amtek auto 334.85
The long term trend in this scrip is looking bullish.
In the short term, the scrip has potential of sharply moving towards 400 level initially in coming weeks. Buy with a stop at 295.
Mysore cements 55.05
The long term trend in this scrip is looking bullish.
In the short term, the scrip has potential of testing 80 level initially in coming weeks. Buy with a stop at 45.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Friday, September 29, 2006
Thursday, September 28, 2006
TECHNICAL OUTLOOK - 28 SEP
Nifty 3579.30
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target with a stop at 3535.
Today, if Nifty sustains above 3565, then it has potential of testing 3600 and further if it trades above this level, then it could move up further.
Below 3565, Nifty could test 3540.
Reliance 1172.00
The short term trend is looking bullish and it has potential of testing 1210 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1150.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target with a stop at 3535.
Today, if Nifty sustains above 3565, then it has potential of testing 3600 and further if it trades above this level, then it could move up further.
Below 3565, Nifty could test 3540.
Reliance 1172.00
The short term trend is looking bullish and it has potential of testing 1210 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1150.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Wednesday, September 27, 2006
TECHNICAL OUTLOOK - 27 SEP
Nifty 3571.75
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target with a stop at 3535.
Today, if Nifty sustains above 3552, then it has potential of testing 3600.
I Flex 1432.95
The short term trend in this scrip is looking bullish and it has potential of testing 1550 in coming trading sessions. Buy on decline with a stop at 1410 for the above mentioned target.
ICICI Bank 677.80
The short term trend in this scrip is looking bullish and it has potential of testing 750 in coming trading sessions. Buy on decline with a stop at 650 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3535 level.
Positional traders can continue to hold their long positions for the next short term target with a stop at 3535.
Today, if Nifty sustains above 3552, then it has potential of testing 3600.
I Flex 1432.95
The short term trend in this scrip is looking bullish and it has potential of testing 1550 in coming trading sessions. Buy on decline with a stop at 1410 for the above mentioned target.
ICICI Bank 677.80
The short term trend in this scrip is looking bullish and it has potential of testing 750 in coming trading sessions. Buy on decline with a stop at 650 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Tuesday, September 26, 2006
TECHNICAL OUTLOOK - 26 SEP
Nifty 3523.45
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3500 level. A move below this level would delay the upside target.
Today, if Nifty sustains above 3505, then it has potential of testing 3540. And further if it stays above 3540 level, it could test 3560.
Infosys 1816.55
The short term trend is looking bullish and it has potential of testing 1900 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1785.
ACC 965.50
The short term trend is looking bullish and it has potential of testing 1000 in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 950.
TCS 1025.20
The short term trend is looking bullish and it has potential of testing 1080 in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1000.
IPCL 306.15
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 299 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3500 level. A move below this level would delay the upside target.
Today, if Nifty sustains above 3505, then it has potential of testing 3540. And further if it stays above 3540 level, it could test 3560.
Infosys 1816.55
The short term trend is looking bullish and it has potential of testing 1900 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1785.
ACC 965.50
The short term trend is looking bullish and it has potential of testing 1000 in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 950.
TCS 1025.20
The short term trend is looking bullish and it has potential of testing 1080 in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1000.
IPCL 306.15
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 299 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Monday, September 25, 2006
TECHNICAL OUTLOOK - 25 SEP
Nifty 3544.05
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3500 level.
Today, if Nifty sustains above 3525, then it has potential of testing 3580. Instead, if Nifty moves below 3525, then Nifty could test 3510 from where it is likely to move up.
IPCL 309.50
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 299 for the above mentioned target
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3650 in coming trading sessions and this view holds good as long as Nifty stays above 3500 level.
Today, if Nifty sustains above 3525, then it has potential of testing 3580. Instead, if Nifty moves below 3525, then Nifty could test 3510 from where it is likely to move up.
IPCL 309.50
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 299 for the above mentioned target
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Friday, September 22, 2006
TECHNICAL OUTLOOK - 22, SEP
Nifty 3553.05
Though the trend still continues to be bullish, Nifty is likely to trade between 3510 and 3570 for the time being before moving up for higher targets.
Today, if Nifty fails to sustain above 3540, then it has potential of testing 3525 initially, and further if it trades below this level, then it could 3510.
Instead, if Nifty sustains above 3540, then it could test 3570.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Though the trend still continues to be bullish, Nifty is likely to trade between 3510 and 3570 for the time being before moving up for higher targets.
Today, if Nifty fails to sustain above 3540, then it has potential of testing 3525 initially, and further if it trades below this level, then it could 3510.
Instead, if Nifty sustains above 3540, then it could test 3570.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Thursday, September 21, 2006
TECHNICAL OUTLOOK - 21 SEP
Nifty 3502.80
The short term trend in Nifty is looking bullish and it has potential of testing 3560-3570 level in coming trading sessions. And this view holds good as long as Nifty stays above 3480.
Positional traders can hold their long positions with a stop at 3480.
Today, if Nifty sustains above 3480, then it has potential of testing 3540 initially, and if it trades above this level, then further upside is possible.
Reliance 1128.00
The short term trend is looking bullish and it has potential of testing 1200 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1115.
The short term trend in Nifty is looking bullish and it has potential of testing 3560-3570 level in coming trading sessions. And this view holds good as long as Nifty stays above 3480.
Positional traders can hold their long positions with a stop at 3480.
Today, if Nifty sustains above 3480, then it has potential of testing 3540 initially, and if it trades above this level, then further upside is possible.
Reliance 1128.00
The short term trend is looking bullish and it has potential of testing 1200 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 1115.
Wednesday, September 20, 2006
TECHNICAL OUTLOOK - 20 SEP
Nifty 3457.35
If Nifty sustains above 3420 and moves above 3465, then the short term bullish trend would be intact. Below 3420, Nifty could test 3390. Nifty is likely to move up from any of the above mentioned level.
Today, if Nifty sustains above 3420, then it has potential of testing 3465 initially, and if it trades above this level, then further upside is possible. Instead, if it trades below 3420, then it could test 3390.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
If Nifty sustains above 3420 and moves above 3465, then the short term bullish trend would be intact. Below 3420, Nifty could test 3390. Nifty is likely to move up from any of the above mentioned level.
Today, if Nifty sustains above 3420, then it has potential of testing 3465 initially, and if it trades above this level, then further upside is possible. Instead, if it trades below 3420, then it could test 3390.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Tuesday, September 19, 2006
TECHNICAL OUTLOOK - 19 SEP
Nifty 3492.75
The short term trend in Nifty is looking bullish and it has potential of testing 3560-70 level in coming trading sessions and this view holds good as long as Nifty stays above 3435. And also Nifty should sustain above 3490 to confirm the bullish view.
Positional traders can hold on to their long positions for the next short term target with a stop at 3435.
Today, if Nifty sustains above 3470, then it has potential of testing 3520 initially, and if it trades above this level, then further upside is possible.
ACC 955.35
The short term trend is looking bullish and it has potential of testing 1000 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 940.
In the medium term, the scrip is looking bullish and one can hold it with a stop at 900.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3560-70 level in coming trading sessions and this view holds good as long as Nifty stays above 3435. And also Nifty should sustain above 3490 to confirm the bullish view.
Positional traders can hold on to their long positions for the next short term target with a stop at 3435.
Today, if Nifty sustains above 3470, then it has potential of testing 3520 initially, and if it trades above this level, then further upside is possible.
ACC 955.35
The short term trend is looking bullish and it has potential of testing 1000 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 940.
In the medium term, the scrip is looking bullish and one can hold it with a stop at 900.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Monday, September 18, 2006
TECHNICAL OUTLOOK - 18 SEP
Nifty 3478.60
The short term trend in Nifty is looking bullish and it has potential of testing 3560-70 level in coming trading sessions and this view holds good as long as Nifty stays above 3420. And also Nifty should move above 3490 immediately and should sustain above it to confirm the bullish view.
Positional traders can hold on to their long positions for the next short term target with a stop at 3420.
Today, if Nifty sustains above 3455, and moves above 3490, then it has potential of testing 3520 initially, and if it trades above this level, then further upside is possible.
Satyam 830.00
The short term trend is looking bullish and it has potential of testing 860 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 820.
In the medium term, the scrip is looking bullish and one can hold it with a stop at 750.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3560-70 level in coming trading sessions and this view holds good as long as Nifty stays above 3420. And also Nifty should move above 3490 immediately and should sustain above it to confirm the bullish view.
Positional traders can hold on to their long positions for the next short term target with a stop at 3420.
Today, if Nifty sustains above 3455, and moves above 3490, then it has potential of testing 3520 initially, and if it trades above this level, then further upside is possible.
Satyam 830.00
The short term trend is looking bullish and it has potential of testing 860 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 820.
In the medium term, the scrip is looking bullish and one can hold it with a stop at 750.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Friday, September 15, 2006
TECHNICAL OUTLOOK - 15 SEP
Nifty 3471.60
The short term trend in Nifty is looking bullish and it has potential of testing 3560-70 level in coming trading sessions and this view holds good as long as Nifty stays above 3420.
Positional traders can hold on to their long positions for the next short term target with a stop at 3420.
Today, if Nifty sustains above 3462, and moves above 3480, then it has potential of testing 3520 initially, and if it trades above this level, then further upside is possible. Stop for the longs is 3440.
Colgate 371.90
The short term trend is looking bullish and it has potential of testing 450 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 365.
Below 365, it has potential of testing 345. But the upside target remains same in this case also.
Cummins Ind 212.70
The short term trend is looking bullish and it has potential of testing 280 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 208.
In case if it trades below 208, then in the downside it has potential of testing 190. But the upside target is valid, even in this case.
Essar oil 55.85
The short term trend is looking bullish and it has potential of testing 80 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 54.
IPCL 301.35
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 295 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3560-70 level in coming trading sessions and this view holds good as long as Nifty stays above 3420.
Positional traders can hold on to their long positions for the next short term target with a stop at 3420.
Today, if Nifty sustains above 3462, and moves above 3480, then it has potential of testing 3520 initially, and if it trades above this level, then further upside is possible. Stop for the longs is 3440.
Colgate 371.90
The short term trend is looking bullish and it has potential of testing 450 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 365.
Below 365, it has potential of testing 345. But the upside target remains same in this case also.
Cummins Ind 212.70
The short term trend is looking bullish and it has potential of testing 280 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 208.
In case if it trades below 208, then in the downside it has potential of testing 190. But the upside target is valid, even in this case.
Essar oil 55.85
The short term trend is looking bullish and it has potential of testing 80 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 54.
IPCL 301.35
The short term trend in this scrip is looking bullish and it has potential of testing 340 in coming trading sessions. Buy on decline with a stop at 295 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Thursday, September 14, 2006
TECHNICAL OUTLOOK - 14 SEP
Nifty 3454.55
The short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions. And this view holds good as long as Nity stays above 3390.
Today, if Nifty sustains above 3435, then it has potential of testing 3500 initially, and if it trades above this level, then further upside is possible. Stop for the longs is 3420.
Century Textiles 486.90
The short term trend is looking bullish and it has potential of testing 515 initially in coming trading sessions. Long positions can be initiated on price weakness towards 480, with a stop at 473.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
The short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions. And this view holds good as long as Nity stays above 3390.
Today, if Nifty sustains above 3435, then it has potential of testing 3500 initially, and if it trades above this level, then further upside is possible. Stop for the longs is 3420.
Century Textiles 486.90
The short term trend is looking bullish and it has potential of testing 515 initially in coming trading sessions. Long positions can be initiated on price weakness towards 480, with a stop at 473.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Wednesday, September 13, 2006
TECHNICAL OUTLOOK - 13, SEP
Nifty 3389.90
If Nifty sustains above 3370, then it can be assumed that the correction was completed at 3328. And the short term trend would turn bullish, if it sustains above 3370. On the other hand, if Nifty trades below 3370, then it could test 3300 before moving up.
Today, if Nifty sustains above 3370, then it has potential of testing 3420 initially, and further, if it trades above this level, then Nifty has potential of testing 3440 and above.
Those who have exited their long positions in those scrips in which the stop was triggered, can re enter their positions above the stop loss levels and can hold their positions with the same stop. The upside targets for all those scrips remain same.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
If Nifty sustains above 3370, then it can be assumed that the correction was completed at 3328. And the short term trend would turn bullish, if it sustains above 3370. On the other hand, if Nifty trades below 3370, then it could test 3300 before moving up.
Today, if Nifty sustains above 3370, then it has potential of testing 3420 initially, and further, if it trades above this level, then Nifty has potential of testing 3440 and above.
Those who have exited their long positions in those scrips in which the stop was triggered, can re enter their positions above the stop loss levels and can hold their positions with the same stop. The upside targets for all those scrips remain same.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Tuesday, September 12, 2006
TECHNICAL OUTLOOK - 12 SEP
Nifty 3366.15
Short term trend in Nifty has turned negative, once it moved below 3390 and now, it has potential of testing 3280-3300. If Nifty doesn’t violate this level, then Nifty is likely to bounce from this level. In the upside, Nifty should sustain above 3390 level in coming trading sessions to continue its rally.
The long term trend of Nifty is bullish as long as it stays above 3200.
Today, if Nifty fails to move above 3365, then it has potential of testing 3330 initially, and further, if it trades below 3330, then Nifty has potential of testing 3300. Above 3365, it could test 3380.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Short term trend in Nifty has turned negative, once it moved below 3390 and now, it has potential of testing 3280-3300. If Nifty doesn’t violate this level, then Nifty is likely to bounce from this level. In the upside, Nifty should sustain above 3390 level in coming trading sessions to continue its rally.
The long term trend of Nifty is bullish as long as it stays above 3200.
Today, if Nifty fails to move above 3365, then it has potential of testing 3330 initially, and further, if it trades below 3330, then Nifty has potential of testing 3300. Above 3365, it could test 3380.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months. This view holds good as long as Nifty stays above 3200.
Monday, September 11, 2006
TECHNICAL OUTLOOK - 11 SEP
Nifty 3471.45
Short term trend in Nifty is bullish and it has potential of testing 3550 and above in coming trading sessions. And this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains above 3460, then it has potential of testing 3495 initially, and further, if it trades above 3495, then Nifty has potential of testing 3520.
Stop for the longs is 3440.
Bank of Baroda 249.30
The short term trend is looking bullish and it has potential of testing 290 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 232.
For deliveries the stop can be kept at 210 and the bullish view and upside target is valid as long as this scrip holds above this level.
Aurobindo Pharma 641.90
The short term trend is looking bullish and it has potential of testing 750 in coming weeks. Long positions can be initiated on price weakness, with a stop at 630.
For deliveries the stop can be kept at 615. The bullish view and the upside target is valid as long as this scrip holds above this level.
Ranbaxy 416.80
The short term trend is looking bullish and it has potential of testing 500 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 390.
For deliveries the stop can be kept at 350 and the bullish view and upside target is valid as long as this scrip holds above this level.
Bharti Tele 430.35
The short term trend is looking bullish and it has potential of testing 490 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 412.
If this scrip sustains above 425, then it is likely to rally from current levels.
Alok Textiles 67.60
The short term trend in this scrip is looking bullish and it has potential of testing 100 in coming weeks. Buy on decline with a stop at 58 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Short term trend in Nifty is bullish and it has potential of testing 3550 and above in coming trading sessions. And this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains above 3460, then it has potential of testing 3495 initially, and further, if it trades above 3495, then Nifty has potential of testing 3520.
Stop for the longs is 3440.
Bank of Baroda 249.30
The short term trend is looking bullish and it has potential of testing 290 initially in coming trading sessions. Long positions can be initiated on price weakness, with a stop at 232.
For deliveries the stop can be kept at 210 and the bullish view and upside target is valid as long as this scrip holds above this level.
Aurobindo Pharma 641.90
The short term trend is looking bullish and it has potential of testing 750 in coming weeks. Long positions can be initiated on price weakness, with a stop at 630.
For deliveries the stop can be kept at 615. The bullish view and the upside target is valid as long as this scrip holds above this level.
Ranbaxy 416.80
The short term trend is looking bullish and it has potential of testing 500 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 390.
For deliveries the stop can be kept at 350 and the bullish view and upside target is valid as long as this scrip holds above this level.
Bharti Tele 430.35
The short term trend is looking bullish and it has potential of testing 490 initially in coming weeks. Long positions can be initiated on price weakness, with a stop at 412.
If this scrip sustains above 425, then it is likely to rally from current levels.
Alok Textiles 67.60
The short term trend in this scrip is looking bullish and it has potential of testing 100 in coming weeks. Buy on decline with a stop at 58 for the above mentioned target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Friday, September 08, 2006
TECHNICAL OUTLOOK - 08 SEP
Nifty 3454.45
Short term trend in Nifty is looking bullish and it has potential of testing 3550 and above in coming trading sessions. And this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains below 3460, then it has potential of testing 3430. Further, if it trades below 3430, Nifty has potential of testing 3400. Nifty is likely to bounce from any of the above mentioned levels.
On the other hand, if Nifty moves above 3460 and sustains above that level, then Nifty could move up further towards 3480 initially.
ZEE 296.30
The short term trend is looking bullish and it has potential of testing 350 in coming weeks. In the medium term the scrip has potential of testing 400 in coming months. The stop for the deliveries can be kept at 250.
For short term trading, long positions can be initiated on price weakness towards 285 with a stop at 280 for a target of 320.
GAIL 267.80
The short term trend in this scrip is looking bullish and it has potential of testing 300 in coming trading sessions. If this scrip sustains above 260, then it is likely to move towards 300. Buy with a stop at 260 on price weakness.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3550 and above in coming trading sessions. And this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains below 3460, then it has potential of testing 3430. Further, if it trades below 3430, Nifty has potential of testing 3400. Nifty is likely to bounce from any of the above mentioned levels.
On the other hand, if Nifty moves above 3460 and sustains above that level, then Nifty could move up further towards 3480 initially.
ZEE 296.30
The short term trend is looking bullish and it has potential of testing 350 in coming weeks. In the medium term the scrip has potential of testing 400 in coming months. The stop for the deliveries can be kept at 250.
For short term trading, long positions can be initiated on price weakness towards 285 with a stop at 280 for a target of 320.
GAIL 267.80
The short term trend in this scrip is looking bullish and it has potential of testing 300 in coming trading sessions. If this scrip sustains above 260, then it is likely to move towards 300. Buy with a stop at 260 on price weakness.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Thursday, September 07, 2006
TECHNICAL OUTLOOK - 07 SEP
Nifty 3477.25
Short term trend in Nifty is looking bullish and it has potential of testing 3550 and above in coming trading sessions.
Today, if Nifty sustains above 3490, then it could test 3520-3530 level.
Below 3460, it could test 3440.
The stop for the longs is 3460.
INFOSYS 1840
The short term trend is looking bullish and it has potential of testing 1900 in coming trading sessions. Fresh long positions can be initiated on price weakness with a stop at 1810.
SBI 949.80
The short term trend in this scrip is looking bullish and it has potential of testing 1010 in coming trading sessions. If this scrip sustains above 935, then it is likely to see a sharp upmove towards 1010. Buy with a stop at 935 on price weakness.
Below 935, it could test 925 but the upside target remains same till it is broken.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3550 and above in coming trading sessions.
Today, if Nifty sustains above 3490, then it could test 3520-3530 level.
Below 3460, it could test 3440.
The stop for the longs is 3460.
INFOSYS 1840
The short term trend is looking bullish and it has potential of testing 1900 in coming trading sessions. Fresh long positions can be initiated on price weakness with a stop at 1810.
SBI 949.80
The short term trend in this scrip is looking bullish and it has potential of testing 1010 in coming trading sessions. If this scrip sustains above 935, then it is likely to see a sharp upmove towards 1010. Buy with a stop at 935 on price weakness.
Below 935, it could test 925 but the upside target remains same till it is broken.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Wednesday, September 06, 2006
TECHNICAL OUTLOOK - 06 SEP
Nifty 3473.75
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions.
Today, as mentioned yesterday, if Nifty sustains above 3460 and moves above 3480, then it could test 3510 level.
Below 3460, it could test 3440.
The stop for the longs is 3460.
TCS 1004.00
After hitting our short term target of 1030, this scrip has turned weak. Now, the short term trend is looking bullish and it has potential of testing 1050 in coming trading sessions. If the level 998 is not violated, then the scrip could move up from current levels.
If it trades below 998, then it could move down upto 980 from where it is likely to move up. Stop for the longs is 980.
ACC 942.75
This scrip is likely to test 980 level initially in coming tradings sessions. If this scrip stays above 935, then it could move up from current levels. Buy for the short term with a stop at 935.
Below 935, it could test 920 and even in this case the bullish view and the upside target would remain valid.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions.
Today, as mentioned yesterday, if Nifty sustains above 3460 and moves above 3480, then it could test 3510 level.
Below 3460, it could test 3440.
The stop for the longs is 3460.
TCS 1004.00
After hitting our short term target of 1030, this scrip has turned weak. Now, the short term trend is looking bullish and it has potential of testing 1050 in coming trading sessions. If the level 998 is not violated, then the scrip could move up from current levels.
If it trades below 998, then it could move down upto 980 from where it is likely to move up. Stop for the longs is 980.
ACC 942.75
This scrip is likely to test 980 level initially in coming tradings sessions. If this scrip stays above 935, then it could move up from current levels. Buy for the short term with a stop at 935.
Below 935, it could test 920 and even in this case the bullish view and the upside target would remain valid.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Tuesday, September 05, 2006
TECHNICAL OUTLOOK - 05 SEP
Nifty 3476.85
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions and this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains above 3460 and moves above 3480, then it could test 3510 level.
Below 3460, it could test 3440.
The stop for the longs is 3430.
ITC 190.15
The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. If the level 188 is not violated, then the scrip could move up from current levels.
If it trades below 188, then it could move down upto 185 from where it is likely to move up. Stop for the longs is 184.
TATA STEEL 506.10
This scrip is likely to test 550 level initially in coming tradings sessions. If this scrip stays above 500, then it could move towards 550. Buy for the short term with a stop at 500.
A move above 515 would confirm the upside target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions and this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains above 3460 and moves above 3480, then it could test 3510 level.
Below 3460, it could test 3440.
The stop for the longs is 3430.
ITC 190.15
The short term trend is looking bullish and it has potential of testing 210 in coming trading sessions. If the level 188 is not violated, then the scrip could move up from current levels.
If it trades below 188, then it could move down upto 185 from where it is likely to move up. Stop for the longs is 184.
TATA STEEL 506.10
This scrip is likely to test 550 level initially in coming tradings sessions. If this scrip stays above 500, then it could move towards 550. Buy for the short term with a stop at 500.
A move above 515 would confirm the upside target.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months
Monday, September 04, 2006
TECHNICAL OUTLOOK - 04 SEP
Nifty 3435.45
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions and this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains above 3440, then it could test 3470 level.
The stop for the longs is 3420.
SHORT TERM TRADING CALLS
SATYAM 799.80
The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. If the level 796 is not violated, the scrip could move up from current levels. If it trades below 796, then it could move down upto 775. But, the bullish view would holds good as long as this scrip stays above 775.
TCS 998.00
This scrip is likely to test 1030 level initially in coming tradings sessions. If this scrip stays above 992, then it could move towards 1030. Buy for the short term with a stop at 992.
If it trades below 992, then in the downside it could test 975, from where it is likely to move up.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions and this view holds good as long as Nifty stays above 3390.
Today, if Nifty sustains above 3440, then it could test 3470 level.
The stop for the longs is 3420.
SHORT TERM TRADING CALLS
SATYAM 799.80
The short term trend is looking bullish and it has potential of testing 850 in coming trading sessions. If the level 796 is not violated, the scrip could move up from current levels. If it trades below 796, then it could move down upto 775. But, the bullish view would holds good as long as this scrip stays above 775.
TCS 998.00
This scrip is likely to test 1030 level initially in coming tradings sessions. If this scrip stays above 992, then it could move towards 1030. Buy for the short term with a stop at 992.
If it trades below 992, then in the downside it could test 975, from where it is likely to move up.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Friday, September 01, 2006
TECHNICAL OUTLOOK - 01 SEP
Nifty 3413.90
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions and this view holds good as long as Nifty stays above 3390. Positional traders can exit their long positions for the time being, if Nifty trades below 3390.
Today, if Nifty sustains above 3400, it could test 3440 and if it sustains above this level, then it could test 3455-3460 level.
The stop for the longs is 3390.
SHORT TERM TRADING CALLS
RELIANCE 1118.10
The short term trend is looking bullish. Fresh long positions can be initiated at current levels with a stop at 1110 for a target of 1200 in coming trading sessions. A move above 1140 would confirm the upside target.
TATA STEEL 496.25
If this scrip sustains above 490, then long positions can be initiated on price weakness with a stop at 490, for a target of 550 in coming trading sessions.
DELIVERY CALLS
Cosmo films 100.45
The scrip has potential of testing 150 in coming weeks.
Price weakness towards 90 can be used to buy with a stop at 90 for a target of 150 initially in the medium term.
GE Shipping 273.40
The scrip has potential of moving above 300 initially and above 300 it would confirm a major long term upmove.
In the short term, if it sustains above 257, then it could test 300.
For deliveries, the stop can be kept at 240.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions and this view holds good as long as Nifty stays above 3390. Positional traders can exit their long positions for the time being, if Nifty trades below 3390.
Today, if Nifty sustains above 3400, it could test 3440 and if it sustains above this level, then it could test 3455-3460 level.
The stop for the longs is 3390.
SHORT TERM TRADING CALLS
RELIANCE 1118.10
The short term trend is looking bullish. Fresh long positions can be initiated at current levels with a stop at 1110 for a target of 1200 in coming trading sessions. A move above 1140 would confirm the upside target.
TATA STEEL 496.25
If this scrip sustains above 490, then long positions can be initiated on price weakness with a stop at 490, for a target of 550 in coming trading sessions.
DELIVERY CALLS
Cosmo films 100.45
The scrip has potential of testing 150 in coming weeks.
Price weakness towards 90 can be used to buy with a stop at 90 for a target of 150 initially in the medium term.
GE Shipping 273.40
The scrip has potential of moving above 300 initially and above 300 it would confirm a major long term upmove.
In the short term, if it sustains above 257, then it could test 300.
For deliveries, the stop can be kept at 240.
Medium term Outlook of Nifty
On June 14, before Nifty had bottomed out, I suggested two bullish post correction scenario, in which, one being, Nifty could cross its all time high before the end of August 2006. By August end, Nifty tested a high of 3452. Now, my bullish view on Nifty continues to be same.
The pattern in Nifty suggests that it is likely to exceed its all time high of 3774 in two or three months atleast by few points before going in to corrective mode. So, I project a target of 3800 for Nifty in coming months.
Thursday, August 31, 2006
TECHNICAL OUTLOOK - 31, AUGUST
Nifty 3430.35
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions. Now the rally is likely to be broad based in Index scrips.
Today, if Nifty sustains above 3420 and moves above 3440, then initially it could test 3460-3470 and above that level, it could test 3500 level.
The stop for the longs is 3405.
SHORT TERM TRADING CALLS
GAIL 271.00
The short term trend is looking bullish. It has potential of testing 300 in coming trading sessions. Fresh long positions can be initiated on price weakness with a stop at 260.
TATA MOTORS 854.00
If this scrip sustains above 850, then long positions can be initiated around this level with a stop at 845, for a target of 900 in coming trading sessions.
For deliveries, the stop can be kept at 820.
DELIVERY CALLS
Adlabs 299.10
The trend in this scrip is looking bullish and it has potential of testing 350 in coming weeks.
In the short term, price weakness towards 250 can be used to take delivery with a stop at 250 for a target of 350 initially.
If this scrip moves above 350 and sustains above that level, then it would impart bullishness in the long term charts.
Polaris 112.05
It seems that the scrip has made a major bottom recently.
In the short term, if it sustains above 100 and moves above 125, then it has good upside potential.
Buy if it moves above 125 or buy now with a stop at 100.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3500 and above in coming trading sessions. Now the rally is likely to be broad based in Index scrips.
Today, if Nifty sustains above 3420 and moves above 3440, then initially it could test 3460-3470 and above that level, it could test 3500 level.
The stop for the longs is 3405.
SHORT TERM TRADING CALLS
GAIL 271.00
The short term trend is looking bullish. It has potential of testing 300 in coming trading sessions. Fresh long positions can be initiated on price weakness with a stop at 260.
TATA MOTORS 854.00
If this scrip sustains above 850, then long positions can be initiated around this level with a stop at 845, for a target of 900 in coming trading sessions.
For deliveries, the stop can be kept at 820.
DELIVERY CALLS
Adlabs 299.10
The trend in this scrip is looking bullish and it has potential of testing 350 in coming weeks.
In the short term, price weakness towards 250 can be used to take delivery with a stop at 250 for a target of 350 initially.
If this scrip moves above 350 and sustains above that level, then it would impart bullishness in the long term charts.
Polaris 112.05
It seems that the scrip has made a major bottom recently.
In the short term, if it sustains above 100 and moves above 125, then it has good upside potential.
Buy if it moves above 125 or buy now with a stop at 100.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, August 30, 2006
TECHNICAL OUTLOOK - 30, AUGUST
Nifty 3425.70
Short term trend in Nifty is looking bullish and it has potential of testing 3500 in coming trading sessions.
Today, if Nifty sustains above 3405 and moves above 3430, then it could test 3460-3470 level.
The stop for the longs is 3390.
TATA STEEL 515.90
If this scrip sustains above 515, then it could move up for further higher targets. A move above 530 would confirm the upside. Stop for the longs 515.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and it has potential of testing 3500 in coming trading sessions.
Today, if Nifty sustains above 3405 and moves above 3430, then it could test 3460-3470 level.
The stop for the longs is 3390.
TATA STEEL 515.90
If this scrip sustains above 515, then it could move up for further higher targets. A move above 530 would confirm the upside. Stop for the longs 515.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, August 29, 2006
TECHNICAL OUTLOOK - 29, AUGUST
Nifty 3401.10
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3385, then it could test 3440-3450 level.
The stop for the longs is 3375.
RELIANCE 1122.10
Short term trend in Reliance is looking bullish. If it sustains above 1110, then it has potential of testing 1160 in coming trading sessions.
In case, if it moves below 1110, then it could bounce from 1085.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3385, then it could test 3440-3450 level.
The stop for the longs is 3375.
RELIANCE 1122.10
Short term trend in Reliance is looking bullish. If it sustains above 1110, then it has potential of testing 1160 in coming trading sessions.
In case, if it moves below 1110, then it could bounce from 1085.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, August 28, 2006
TECHNICAL OUTLOOK - 28, AUGUST
Nifty 3385.95
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3375, then it could test 3420-3430 level.
The stop for the longs is 3355.
ACC 908.05
Short term trend in ACC is looking bullish. If it sustains above 902, then it has potential of testing 950 in coming trading sessions.
Even if it violates 902, the bullish view would remain valid until it closes below 890.
INFOSYS 1765.95
Short term trend in Infosys is looking bullish. If it sustains above 1750, then it has potential of testing 1820 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3320. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty sustains above 3375, then it could test 3420-3430 level.
The stop for the longs is 3355.
ACC 908.05
Short term trend in ACC is looking bullish. If it sustains above 902, then it has potential of testing 950 in coming trading sessions.
Even if it violates 902, the bullish view would remain valid until it closes below 890.
INFOSYS 1765.95
Short term trend in Infosys is looking bullish. If it sustains above 1750, then it has potential of testing 1820 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, August 25, 2006
TECHNICAL OUTLOOK - 25, AUGUST
Nifty 3370.40
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty moves above 3380 and sustains above that level, then it could test 3410-3420 level initially.
The stop for the longs is 3355.
Satyam 807.45
Short term trend in Satyam is looking bullish. It has potential of testing 850 in coming trading sessions. Stop for the longs is 796.
It is likely to move up from current levels. Instead, if it moves below 803, then it is likely to bounce from 796.
For deliveries, the stop can be kept at 785.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3450.
Today, if Nifty moves above 3380 and sustains above that level, then it could test 3410-3420 level initially.
The stop for the longs is 3355.
Satyam 807.45
Short term trend in Satyam is looking bullish. It has potential of testing 850 in coming trading sessions. Stop for the longs is 796.
It is likely to move up from current levels. Instead, if it moves below 803, then it is likely to bounce from 796.
For deliveries, the stop can be kept at 785.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, August 24, 2006
TECHNICAL OUTLOOK - 24, AUGUST
Nifty 3335.80
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Positional traders can exit their long positions, if Nifty trades below 3300.
Today, it seems Nifty is likely to bounce from 3310-3320. Initially, it should cross 3355 and sustain above this level for further upside.The stop for the longs is 3300.
Reliance 1064.50
Short term trend in Reliance is looking bullish. If Reliance doesn’t violate 1045, then it has potential of testing 1100 and above in coming trading sessions. Below 1045, it could test 1030, but the bullish view would remain same.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Positional traders can exit their long positions, if Nifty trades below 3300.
Today, it seems Nifty is likely to bounce from 3310-3320. Initially, it should cross 3355 and sustain above this level for further upside.The stop for the longs is 3300.
Reliance 1064.50
Short term trend in Reliance is looking bullish. If Reliance doesn’t violate 1045, then it has potential of testing 1100 and above in coming trading sessions. Below 1045, it could test 1030, but the bullish view would remain same.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, August 23, 2006
TECHNICAL OUTLOOK - 23, AUGUST
NIfty 3364.60
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3330, then it has potential of testing 3400. The stop for the longs is 3330.
A move below 3350 is an early indication of weakness and a move above 3380 would indicate bullishness.
Tata steel 515.15
Short term trend in Tata steel is looking bullish and previously it was mentioned that a move above 515 would impart bullishness. Yesterday, it moved above 515 and now if it stays above 510, then it has potential of testing 550 in coming trading sessions. Now the stop for the longs is 510.
If it moves below 510, then it has potential of testing 495 level, from where it is likely bounce for higher targets.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3330, then it has potential of testing 3400. The stop for the longs is 3330.
A move below 3350 is an early indication of weakness and a move above 3380 would indicate bullishness.
Tata steel 515.15
Short term trend in Tata steel is looking bullish and previously it was mentioned that a move above 515 would impart bullishness. Yesterday, it moved above 515 and now if it stays above 510, then it has potential of testing 550 in coming trading sessions. Now the stop for the longs is 510.
If it moves below 510, then it has potential of testing 495 level, from where it is likely bounce for higher targets.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, August 22, 2006
TECHNICAL OUTLOOK - 22, AUGUST
Nifty 3366.00
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3355 and moves above 3370, then it has potential of testing 3400. The stop for the longs is 3350.
ACC 911.15
Short term trend in ACC is looking bullish and if this scrip stays above 902, then it has potential of testing 950 in coming trading sessions. Stop for the longs 902.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3300. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3355 and moves above 3370, then it has potential of testing 3400. The stop for the longs is 3350.
ACC 911.15
Short term trend in ACC is looking bullish and if this scrip stays above 902, then it has potential of testing 950 in coming trading sessions. Stop for the longs 902.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3200.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the end of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, August 21, 2006
TECHNICAL OUTLOOK - 21, AUGUST
Nifty 3356.75
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400. If Nifty trades below 3340, then it has potential of testing 3000-3010, from where it is likely to bounce.
TCS 969.70
Short term trend in TCS is looking bullish and if this scrip stays above 960 and moves above 980, then it has potential of testing 1030 in coming trading sessions. Stop for the longs 960.
Tata Steel 513.00
Short term trend in Tata Steel is looking bullish and if this scrip stays above 515, then it has potential of moving towards 550-560 level initially. Instead, if it fails to sustain above 515, then it has potential of testing 495 from where it is likely to bounce.
GAIL 254.25
The outlook for this scrip would be bullish if it stays above 250 and moves above 260. If it moves above 260, then it has potential of testing 300 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400. If Nifty trades below 3340, then it has potential of testing 3000-3010, from where it is likely to bounce.
TCS 969.70
Short term trend in TCS is looking bullish and if this scrip stays above 960 and moves above 980, then it has potential of testing 1030 in coming trading sessions. Stop for the longs 960.
Tata Steel 513.00
Short term trend in Tata Steel is looking bullish and if this scrip stays above 515, then it has potential of moving towards 550-560 level initially. Instead, if it fails to sustain above 515, then it has potential of testing 495 from where it is likely to bounce.
GAIL 254.25
The outlook for this scrip would be bullish if it stays above 250 and moves above 260. If it moves above 260, then it has potential of testing 300 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, August 18, 2006
TECHNICAL OUTLOOK - 18, AUGUST
Nifty 3353.90
Short term traders can exit their long positions for the time being if Nifty trades below 3340.
However, short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Short term traders can exit their long positions for the time being if Nifty trades below 3340.
However, short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty sustains above 3340 and moves above 3370, then it has potential of testing 3400.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, August 17, 2006
TECHNICAL OUTLOOK - 17, AUGUST
Nifty 3356.05
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty trades below 3340, then it has potential of testing 3310-3320 level from where nifty is likely to bounce for higher targets.
Instead, if it sustains above 3340 and moves above 3370, then it has potential of testing 3400.
The stop for the longs is 3280.
Satyam 784.10
The short term trend in this scrip is looking bullish. If Satyam violates 780 level, then it could test 770, from where it is likely to bounce. On the upper side, initially, it could test 820. Stop for the long positions for short term traders is 770.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3280 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3400.
Today, if Nifty trades below 3340, then it has potential of testing 3310-3320 level from where nifty is likely to bounce for higher targets.
Instead, if it sustains above 3340 and moves above 3370, then it has potential of testing 3400.
The stop for the longs is 3280.
Satyam 784.10
The short term trend in this scrip is looking bullish. If Satyam violates 780 level, then it could test 770, from where it is likely to bounce. On the upper side, initially, it could test 820. Stop for the long positions for short term traders is 770.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, August 16, 2006
TECHNICAL OUTLOOK - 16, AUGUST
Nifty 3313.10
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3350 level initially, if it sustains above 3280. The stop for the longs is 3280.
Tisco 531.50
The short term trend in this scrip is looking bullish. If the scrip doesn’t violate 515, then it has potential of testing 600 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3350 level initially, if it sustains above 3280. The stop for the longs is 3280.
Tisco 531.50
The short term trend in this scrip is looking bullish. If the scrip doesn’t violate 515, then it has potential of testing 600 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, August 14, 2006
TECHNICAL OUTLOOK - 14, AUGUST
Nifty 3274.35
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3310-3320 level initially, if it sustains above 3260. The stop for the longs is 3240.
Tcs 967.60
The short term trend in this scrip is looking bullish. If the scrip manages to stay above 972, then it has potential of testing 1000 initially in few trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3170 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3350.
Today, it seems Nifty is likely to test 3310-3320 level initially, if it sustains above 3260. The stop for the longs is 3240.
Tcs 967.60
The short term trend in this scrip is looking bullish. If the scrip manages to stay above 972, then it has potential of testing 1000 initially in few trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 3050.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, August 11, 2006
TECHNICAL OUTLOOK - 11, AUGUST
Nifty 3260.10
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty fails to move above 3265 and moves below 3240, then it has potential of tesing 3220-3225 region from where it is likely to bounce.
Instead, if Nifty manages to stay above 3240, then it would test 3265. If Nifty moves above 3265 level and sustains above that level, then it has potential of testing 3300.
The stop for the longs is 3225.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty fails to move above 3265 and moves below 3240, then it has potential of tesing 3220-3225 region from where it is likely to bounce.
Instead, if Nifty manages to stay above 3240, then it would test 3265. If Nifty moves above 3265 level and sustains above that level, then it has potential of testing 3300.
The stop for the longs is 3225.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, August 10, 2006
TECHNICAL OUTLOOK - 10, AUGUST
Nifty 3254.60
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3225 level, then it would test 3270-3280 level and an intraday correction around this level is possible.
On the other hand, if Nifty moves above 3280 and sustains above that level, then rally would continue without any minor correction.
The stop for the longs is 3225.
Acc 867.50
If the scrip sustains above 855 level, then it has potential of testing 900 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3225 level, then it would test 3270-3280 level and an intraday correction around this level is possible.
On the other hand, if Nifty moves above 3280 and sustains above that level, then rally would continue without any minor correction.
The stop for the longs is 3225.
Acc 867.50
If the scrip sustains above 855 level, then it has potential of testing 900 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, August 09, 2006
TECHNICAL OUTLOOK - 09, AUGUST
Nifty 3212.40
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3190, then, initially it could move towards 3240 and if Nifty sustains above this level, then it could move towards 3260-3280 region.
The stop for the longs is 3190.
Reliance 977.15
If the scrip sustains above 985 level, then it has potential of testing 1020 in coming trading sessions.
TCS 954.80
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3140 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3300.
Today, if Nifty manages to stay above 3190, then, initially it could move towards 3240 and if Nifty sustains above this level, then it could move towards 3260-3280 region.
The stop for the longs is 3190.
Reliance 977.15
If the scrip sustains above 985 level, then it has potential of testing 1020 in coming trading sessions.
TCS 954.80
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, August 08, 2006
TECHNICAL OUTLOOK - 08, AUGUST
Nifty 3176.75
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3135 is not violated and if Nifty moves above 3190 and sustains above that level, then the present downside will be over.
On the other hand, if it breaks 3135, then correction could terminate between 3080 and 3100.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3135 is not violated and if Nifty moves above 3190 and sustains above that level, then the present downside will be over.
On the other hand, if it breaks 3135, then correction could terminate between 3080 and 3100.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, August 07, 2006
TECHNICAL OUTLOOK - 07, AUGUST
Nifty 3176.75
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3150 is not violated and if Nifty moves above 3210 and sustains above that level, then it could test 3240-3250 region. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then correction could extend further in the downside.
Reliance 967.80
The scrip is likely to bottom out around this level, if the level 960 is not violated. If it moves below 960, then it could bottom out around 930 levels. Once this scrip bottoms out, on the upper side, in coming trading sessions, Reliance has potential of testing 1050 levels.
TCS 948.55
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if the level 3150 is not violated and if Nifty moves above 3210 and sustains above that level, then it could test 3240-3250 region. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then correction could extend further in the downside.
Reliance 967.80
The scrip is likely to bottom out around this level, if the level 960 is not violated. If it moves below 960, then it could bottom out around 930 levels. Once this scrip bottoms out, on the upper side, in coming trading sessions, Reliance has potential of testing 1050 levels.
TCS 948.55
If the level 930 is not violated in the downside, this scrip has potential of testing 1000 in coming trading sessions.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, August 04, 2006
TECHNICAL OUTLOOK - 04, AUGUST
Nifty 3190.00
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if Nifty stays above 3150 and moves above 3210, then it could move towards 3250. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then crrection could extend further in the downside.
Acc 858.35
If the level 850 is held, then this scrip has potential of testing 890 in coming trading sessions. If 850 is broken, then it could test 820 in the downside.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has potential of testing higher targets above 3250 level.
Today, if Nifty stays above 3150 and moves above 3210, then it could move towards 3250. Stop for the longs is 3150.
On the other hand, if it breaks 3150, then crrection could extend further in the downside.
Acc 858.35
If the level 850 is held, then this scrip has potential of testing 890 in coming trading sessions. If 850 is broken, then it could test 820 in the downside.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, August 03, 2006
TECHNICAL OUTLOOK - 03, AUGUST
Nifty 3182.10
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has higher targets above 3250 level.
Today, if Nifty stays above 3150 level, then it could move towards 3250 level. Stop for the longs is 3150.
The short term trend in this scrip is looking bullish and it has potential of testing 800 in few trading sessions, if it stays above 740 level.
TCS 940.90
If Tcs sustains above 920 level, then it has potential of moving towards 970 in coming trading sessions. The stop for the view is 920.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level. And as long as Nifty stays above this level, it has higher targets above 3250 level.
Today, if Nifty stays above 3150 level, then it could move towards 3250 level. Stop for the longs is 3150.
visit us at www.waveriders.in
Telco 759.70The short term trend in this scrip is looking bullish and it has potential of testing 800 in few trading sessions, if it stays above 740 level.
TCS 940.90
If Tcs sustains above 920 level, then it has potential of moving towards 970 in coming trading sessions. The stop for the view is 920.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, August 02, 2006
TECHNICAL OUTLOOK - 02, AUGUST
Nifty 3147.80
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level.
Today, if Nifty trades below 3135 level, then it could terminate the present downside around 3080-3100 region. On the other hand, if it sustains above 3135 and moves above 3170 level, then rally could extend further in the upside.The stop for the longs is 3050.
The short term trend in Nifty is looking bullish and this view holds good as long as Nifty stays above 3050 level.
Today, if Nifty trades below 3135 level, then it could terminate the present downside around 3080-3100 region. On the other hand, if it sustains above 3135 and moves above 3170 level, then rally could extend further in the upside.The stop for the longs is 3050.
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Satyam 751.50
If satyam sustains above 745 level, then it has potential of moving towards 800 in coming trading sessions. If this level is violated, then it could test 720 levels in the downside before moving up.
Medium term Outlook of Nifty
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, August 01, 2006
TECHNICAL OUTLOOK - 01, AUGUST
Nifty 3143.20
The short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, it seems Nifty could terminate the present downside around 3080-3100 region. Nifty is likely to bounce from these levels.The stop for the longs is 3050.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, it seems Nifty could terminate the present downside around 3080-3100 region. Nifty is likely to bounce from these levels.The stop for the longs is 3050.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, July 31, 2006
TECHNICAL OUTLOOK - 31, JULY
Nifty 3130.80
The short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, if the level 3100 is not violated, Nifty is likely to test 3175 region. Even if this level is exceeded in the upside, then, Nifty is likely to test 3210-3230 region.
If the level 3100 is violated, then, nifty could bounce from 3075 region.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The short term trend in Nifty continues to be bullish and the maximum downside potential is limited to 3050.
Today, if the level 3100 is not violated, Nifty is likely to test 3175 region. Even if this level is exceeded in the upside, then, Nifty is likely to test 3210-3230 region.
If the level 3100 is violated, then, nifty could bounce from 3075 region.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, July 28, 2006
TECHNICAL OUTLOOK - 28, JULY
Nifty 3156.15
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to see a correction around 3200 region and in the downside the maximum downside potential is limited to 3040 region.
Today, on the upper side, Nifty has potential of testing 3180-3200 region. The expected correction has not yet completed. So, in the downside, it has potential of testing 3100 and if this region is not held, then correction can extend towards 3050.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to see a correction around 3200 region and in the downside the maximum downside potential is limited to 3040 region.
Today, on the upper side, Nifty has potential of testing 3180-3200 region. The expected correction has not yet completed. So, in the downside, it has potential of testing 3100 and if this region is not held, then correction can extend towards 3050.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Thursday, July 27, 2006
TECHNICAL OUTLOOK - 27, JULY
Nifty 3110.15
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The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to see a minor correction around 3150-3200 region and in the downside the maximum downside potential is limited to 3040 region.
Today, if Nifty sustains above 3075 and and if Nifty crosses 3120 level, then Nifty is likely to move towards 3150.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Wednesday, July 26, 2006
TECHNICAL OUTLOOK - 26, JULY
Nifty 3040.50
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3100 level if it sustains above 3050 and and if Nifty crosses 3050 level, then the stop for the longs is 3040.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3100 level if it sustains above 3050 and and if Nifty crosses 3050 level, then the stop for the longs is 3040.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Tuesday, July 25, 2006
TECHNICAL OUTLOOK - 25, JULY
Nifty 2985.85
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3050 level and and also if it sustains above that level, then it is likely to test 3100 region. Now the stop for the longs is 2965.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Today, it seems Nifty is likely to test 3050 level and and also if it sustains above that level, then it is likely to test 3100 region. Now the stop for the longs is 2965.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Monday, July 24, 2006
TECHNICAL OUTLOOK - 24, JULY
Nifty 2945.00
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to terminate the present downside correction between 2850-2900 region. A close below 2830 would negate the above view. On the upperside, a move above 3000 would indicate strength and further a move above 3060 would confirm more upside.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850.
Nifty is likely to terminate the present downside correction between 2850-2900 region. A close below 2830 would negate the above view. On the upperside, a move above 3000 would indicate strength and further a move above 3060 would confirm more upside.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
Friday, July 21, 2006
TECHNICAL OUTLOOK - 21, JULY
Nifty 3023.05
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850. Now Nifty is likely to move towards 3200 region initially.
Today, if Nifty sustains above 2970 region and moves past 3060 region, then it could move towards 3150 region.
On the other hand, if Nifty violates 2970 region, correction could extend further in the downside towards 2900.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
The price pattern in Nifty that unfolded after testing the low of 2595 is a bullish one. The pattern already confirmed the bottom at 2595 and this view holds good as long as it stays above 2850. Now Nifty is likely to move towards 3200 region initially.
Today, if Nifty sustains above 2970 region and moves past 3060 region, then it could move towards 3150 region.
On the other hand, if Nifty violates 2970 region, correction could extend further in the downside towards 2900.
For the past few weeks, I have been mentioning that the maximum possible downside potential is limited to 2500 level for Nifty. If market doesn’t violate this level here after, the long term bullish trend will remain intact. Correction extending beyond this level is highly suspectable and we have to rework the long term charts. Now, one can remain invested for the long term with a stop at 2850.
The post correction scenario has two possibilities. One possibility is, Nifty is likely to move towards its all time high in a slow manner and if this is the case, then it may take 6 months to 1 year to cross the all time high. The other view is, Nifty is likely to move towards its previous high without any major downside correction and in this case, Nifty is likely to cross the all time high before the month of August 2006. If Market moves in expected lines, then once again we are likely to see a strong bull market in coming months.
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