TECHNICAL OUTLOOK, 31 DEC

Nifty 6079.70

The view remains the same. In the short term, Nifty is likely to rally towards 6200 in coming trading sessions and above this level it could rally towards 6500 and this view holds good as long as it stays above 5950.

In the extreme short term, Nifty is likely to trade between 5950 and 6120 before moving towards 6200.

Today, if Nifty fails to move above 6095, then it is likely to decline towards 6000. Instead, if it moves above 6095, then it is likely to test 6120.




Trading Strategy

Now the crucial levels are 5950 and 6120.






IDBI 163.55

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is looking bullish and this view holds good as long as it stays above 140 and in the upper side it is likely to see a rally towards 300.

In the short term, if it sustains above 150, then it is likely to test 200 initially.

In the extreme short term, a move above 170 would confirm the target of 200 in coming trading sessions.




Ruchi Soya 150.50

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is looking bullish and it is likely to test 300 in a short span of time and this view holds good as long as it stays above 115.

In the short term, if it sustains above 130, then it is likely to move towards 200.

In the extreme short term, if it sustains above 140, then it is likely to test 175 in coming trading sessions.





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TECHNICAL OUTLOOK, 24 DEC

Nifty 5766.50

In the short term, Nifty is likely to bounce back if Nifty holds above 5740 and it is likely to move towards 6050 in coming trading sessions and a move above 5840 would confirm the bottom. Instead, if it fails to hold above 5740, then it is likely to decline towards 5540.

In the extreme short term, the level 5850 is crucial. If Nifty trades above this level, then it could confirm a bottom.

Today, if Nifty trades above 5800, then it could test 5850 and above 5850 it could 5900. Instead, if it fails to move above 5740, then a decline to 5650 is likely.




Trading Strategy

Now the crucial level is 5850. Be long above this level and be short below this level.





Ashok Leyland 48.45

The long term outlook of this scrip is looking bullish.

In the medium term, the scrip is likely to see a sharp rally towards 150 in coming months and this view holds good as long as it stays above 42.

In the short term, the trend would remain bullish as long as it stays above 47 and it is likely to see a sharp rally towards 100 in coming weeks.

In the extreme short term, if it sustains above 47, it would rally from current levels. if not, it is likely to decline to 42 levels.




Great Offshore 845.15


The medium term outlook of this scrip is looking bullish and it is likely to test 1500 in coming months and this view holds good as long as it stays above 820.

In the short term, if it sustains above 820, then it is likely to move towards 1050 in coming weeks.

In the extreme short term, if it sustains above 820, then it is likely to rally towards 950 initially.





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TECHNICAL OUTLOOK, 17 DEC

Nifty 6047.70

In the short term, if Nifty trades below 5900, then correction is likely to terminate around 5780. Instead, if it fails to move below 5900, then correction is likely to terminate above 5900. And also, Correction would be followed by a rally towards 6500. If Nifty trades above 6120, then it would confirm the termination of correction.

In the extreme short term, the level 6120 is crucial in the upper side. In the downside, if it trades below 5950, then it could decline towards 5900.

Today, if Nifty trades below 6080, then it is likely to test 5950.



Trading Strategy

Now the crucial levels are 5900 and 6120 for the extreme short term.








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TECHNICAL OUTLOOK,10 DEC

Nifty 5974.30

In the short term, Nifty is likely to remain bullish as long as it stays above 5900 and it is likely to test 6200 initially and above this level, Nifty is likely to rally towards 6500.

In the extreme short term, the level 5900 is crucial. If Nifty holds above this level, then Nifty would remain bullish and it is likely to test 6200. Below 5900, it could test 5780.

Today, if Nifty trades above 6020, then it is likely to test 6060. Instead, if it trades below 5940, then it is likely to decline towards 5900.



Trading Strategy

Now the crucial level is 5900. Be long above this level and be short below this level.






NIIT Tech 244.40


The medium term outlook of this scrip is looking bullish and it is likely to test 400 in coming months and this view holds good as long as it stays above 200.

In the short term, if it sustains above 230, then it is likely to move towards 320 in coming weeks.

In the extreme short term, if it sustains above 238, then it is likely to move towards 260.





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TECHNICAL OUTLOOK, 3 DEC

Nifty 5762.75

In the short term, if it fails to sustain above 5700, then the correction is likely to extend below 5400. Instead, If Nifty trades above 5780, then it is likely to make a new high in coming trading sessions.

In the extreme short term, the levels 5700 and 5780 are crucial.

Today, if Nifty sustains above 5720, then it is likely to test 5780 and above 5780, it could test 5820. Instead, if it fails to move above 5780, then it is likely to test 5700.



Trading Strategy

Now the crucial level is 5700. Be long above this level and be short below this level.





Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.





Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.




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TECHNICAL OUTLOOK,19 NOV

Nifty 5906.85

In the short term, if Nifty moves above 5950, then it is likely to make a new high around 6050. Instead, if it fails to move above 5950 and moves below 5780, then it is likely to see a short term correction.

In the extreme short term, the levels 5950 and 5810 are crucial.

Today, if Nifty sustains above 5950, then it is likely to test 6000. Instead, if it fails to move above 5950, then it is likely to test 5810.



Trading Strategy

The levels 5810 and 5950 are crucial. Be long above 5950.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 12 NOV

Nifty 5663.25

In the short term, Nifty is likely to bottom out around 5000 levels, if it violates 5550. The trend would remain bearish as long as it trades below 5780.

In the extreme short term, if it sustains below 5780, then it is likely to test 5550. Below 5550, it could test 5350.

Today, if Nifty sustains below 5680, then it is likely to test 5550 and below this level, it could test 5350. Instead, if it trades above 5680, then it is likely to test 5780.


Trading Strategy

The levels 5780 and 5550 are crucial. Be short below 5780 and carry forward your shorts below 5550.



Chennai Peto 347.55

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is bullish as long as it stays above 230. Any correction within this level is likely to be followed by a sharp rally towards 500 in coming months.

In the short term, if it fails to sustain above 360, then it is likely to test 300 and below 300, I could test 250 in coming weeks. Instead, if it sustains above 330, then the trend would remain bullish and it is likely to test 400.

In the extreme short term, if it fails to sustain above 330, then it is likely to decline towards 300.



Essar oil 78.60

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is bullish and it is likely to test 150 in coming months and this view holds good as long as it stay above 45.

In the short term, if it sustains above 65, then it is likely to move towards 100 initially. Instead, if it fails to sustain above 65, then it could test 50 in the downside.

In the extreme short term, if it sustains above 70, then the trend would remain bullish and it could test 100.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 5 NOV

Nifty 5932.40

In the short term, Nifty is likely to peak out with in the range of 6000 and 6100. If Nifty fails to hold above 5850, then it would confirm the correction and in the downside it is likely to test 5650 and below this level, it could test 5000. Instead, if it moves above 5950, then Nifty is likely to make a new high around 6100.

In the extreme short term, if it sustains below 5850, then it is likely to test 5650. Instead, if it sustains above 5950, then it is likely to test 6100.

Today, if Nifty sustains below 5950, then it is likely to test 6050. Instead, if it fails to move above 5950, then it is likely to test 5850.


Trading Strategy

The levels 5850 and 5950 are crucial. Be long above 5950 and be short below 5950.

CESC 587.05

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is bullish and it is likely to test 1000 in coming months and this view holds good as long as it stays above 500.

In the short term, if it sustains above 540, then it is likely to move towards 640 and above this level, it could test 750 in coming weeks. If it fails to move above 640, then it is likely to decline towards 540, and below this level it could test 500.

In the extreme short term, if it sustains above 575, then it is likely to test 640. Below 575, it could test 540.





Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK,29 OCT

Nifty 5702.30

In the short term, Nifty is likely to make a new high around 5750-5800 region and it would be followed by a short term correction towards 5350 and below this level, it could test 5000. Instead, if it moves above 5800 and sustains above this level, then it is likely to move towards 6000.

In the extreme short term, if it sustains above 5600, then it is likely to test 5800. Below 5600, it is likely to turn weak.

Today, if Nifty trades above 5650, then it is likely to test 5800.


Trading Strategy

Be short below 5600 and be long above this level for a target of 5800.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.



Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 22 OCT

Nifty 5215.30

The level 5350 is crucial for the short term movement of the market. If it fails to hold above this level, then it is likely to test 5000 level and if the level 5000 is violated in coming trading sessions, then the correction is likely to terminate around 4650-4700 level. Instead, if it moves above 5350, then it is likely to rally towards 5750.

In the extreme short term, if it sustains below 5350, then it is likely to test 5000.

Today, if Nifty trades below 5300, then it is likely to test 5000.



Trading Strategy

Be short below 5350 and be long above this level.






Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 15 OCT

Nifty 5428.25

Nifty is likely to bounce back, if it fails to move below 5350. If it moves below 5350, then it could test 5250. Now the level 5250 is crucial for the short term movement of the market. As long as it stays above this level, Nifty is likely to test 5600 in coming trading sessions. Instead, if it fails to hold above 5250, then a decline to 5000 is likely.

In the extreme short term, if it sustains above 5350, then it is likely to remain bullish and it could test 5600 and a move above 5480 would confirm the target. Below 5350, it is likely to test 5250.

Today, if Nifty trades above 5400, then it is likely to test 5480. Below 5400, it could test 5350.



Trading Strategy

Now the level 5350 is crucial for the extreme short term movement. Be long above this level and be short below this level for a target of 5250.






Delivery Call

Mastek 364.05

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 500 in coming months. Buy on declines with a stop at 310.



Trading call

Siemens 1402.45

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is looking bullish and it is likely to test 2000 in coming months.

In the short term, if it sustains above 1300, then it is likely to move towards 1700.

In the extreme short term, as long as it stays above 1350, the trend would remain bullish and it is likely to test 1600 initially.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 8 OCT

Nifty 5185.85

In the short term, if Nifty moves above 5250, then it is likely to test 5350-5400 level in short span of time. If it fails to sustain above 5250, then a sharp decline to 4965 is likely in coming trading sessions.

In the extreme short term, if it sustains above 5250, then it is likely to test 5350. If it fails to move above this level, then it is likely to test 5050 initially.

Today, if Nifty trades above 5170, then it is likely to test 5250 level. Instead, if it trades below 5170, then it could test 5050.




Trading Strategy

Now the level 5250 is crucial for extreme short term movement. Remain long above this level and be short below this level.

The level 5170 is crucial for intraday movement.





Tata tea 843.05

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 1200 in coming months. Buy on declines with a stop at 740.



M&M 751.65

The long term outlook of this scrip is looking bullish.

The medium term outlook of this scrip is looking bullish and it is likely to test 1100 in coming months.

In the short term, if it sustains above 680, then it is likely to move towards 900.

In the extreme short term, as long as it stays above 710, the trend would remain bullish and it is likely to test 850. Below 710, it could test 680.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 01 OCT

Nifty 5021.35

In the short term, if Nifty sustains above 4840, then the trend would remain bullish and in the upper side it could test 5200 – 5250 level.

In the extreme short term, a minor correction towards 4930 is likely if it trades below 5010. If not, it is likely to test 5100.

Today, if Nifty trades above 5040, then it is likely to test 5080 level. Instead, if it trades below 5040, then a decline to 4965 is likely.



Trading Strategy

Now the level 4965 is crucial for extreme short term movement. Remain long above this level and be short below this level.

The level 5040 is crucial for intraday movement.




Medium term outlook of Nifty - dated 1st October

Nifty is likely to test 5250 level sharply and it will be followed by a consolidation between 5100 and 5600 for another 5 to 6 months. This view holds good as long as it stays above 4630. In case, if the level 4630 is violated, then a down move towards 4000 is possible for the medium term.


Long term outlook of Nifty - dated 1st October

Nifty is in long term bull market and after some consolidation between 5100 and 5600, it is likely to move towards 6000 in another 9 to 12 months. And this view holds good as long it stays above 4630. In case, if this level 4630 is violated, then after some downside it is likely to move towards 6000.





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TECHNICAL OUTLOOK, 25 SEP

Nifty 4837.55

In the short term, if Nifty sustains above 4630, then the trend would remain bullish and in the upper side it could test 4900 and above this level, it is likely to test 5200 and it is likely to see a consolidation around this level. Instead, if it moves below 4630, then a decline towards 4440 is likely.

In the extreme short term, as long as it sustains above 4800, the trend would remain bullish. Below this level, the trend would turn bearish and it is likely to test 4630.

Today, if Nifty trades above 4810, then it is likely to test 4900 – 4910 level.



Trading Strategy

Now the crucial level is 4800. Be long above this level for a target of 4900.



Delivery Call

Sterlite opticals 238. 50

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 330 in coming months. Buy on declines with a stop at 210.




Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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TECHNICAL OUTLOOK, SEP 2007

Nifty 4518.00

If Nifty sustains above 4555, then it is likely to move towards 5000 in coming months. Instead, if it fails to sustain above 4555, then a short term correction is likely and a move below 4440 would confirm further downside.

In the extreme short term, as long as it sustains below 4555, the trend would remain bearish. Above this level, the trend would turn bullish.

Today, if Nifty sustains above 4555, then it is likely to test 4590. Instead, if it fails to move above 4555, then it is likely to test 4480 and below this level, it could test 4440.



Trading Strategy

Now the crucial levels are 4555 and 4440. Be long above 4555 and short below 4555. Further, the expected short term correction would materialize only if it trades below 4440.



Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.



Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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TECHNICAL OUTLOOK, 10 SEP

Nifty 4509.50

If Nifty sustains above 4530, then it is likely to move towards 5000 in coming months. Instead, if it fails to sustain above 4440, then a short term correction is likely.

In the extreme short term, as long as it sustains above 4440, the trend would remain bullish. Below this level, the trend would turn bearish.

Today, if Nifty fails to sustain above 4520, then it is likely to test 4440. Instead, if it moves above 4520, then it is likely to test 4570.



Trading Strategy

Now the crucial level is 4440. Be long above this level and be short below this level.


Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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TECHNICAL OUTLOOK, 3 SEP 2007

Nifty 4464.00

If Nifty moves above 4550, in one or two trading sessions, then the rally is likely to continue towards 5000 in coming months. If it fails to clear 4550 in few trading sessions then, a decline to 3950 is likely.

In the extreme short term, as long as it sustains above 4400, the trend would remain bullish. Below this level, the trend would turn bearish.

Today, if Nifty sustains below 4425, then it is likely to test 4500. Above 4500, it could test 4520. Instead, if it trades below 4425, then a decline to 4360 is likely.



Trading Strategy

Now the crucial levels are 4400 and 4550. Exit your long positions if Nifty fails to clear 4530.



Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.



Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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TECHNICAL OUTLOOK, 27 AUGUST

Nifty 4190.15

Nifty is likely to bottom out around 3950 level. Instead, if it sustains below 3900, then Nifty is likely to test 3500 in coming trading sessions. If Nifty moves above 4300, then the bottom would be confirmed at 4000. If it fails to move above 4300, then the level 4000 would be violated in coming trading sessions.

In the extreme short term, as long as it sustains below 4300, the trend would remain bearish.

Today, if Nifty sustains above 4160, then it is likely to test 4250 and above 4250, it could test 4280. Instead, if it moves below 4150, then it could test 4100.



Trading Strategy

Now the crucial level is 4150. Be short below this level and be long above this level till 4280 is tested.



Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.



Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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TECHNICAL OUTLOOK, 13 AUGUST

Nifty 4333.35

If Nifty fails to move above 4400 and sustains below 4300, then it is likely to decline towards 4000 in coming weeks. Instead, if it moves above 4400, then the bottom would be confirmed at 4239.20 and in the upper side, it has potential of testing 4700 in coming weeks.

In the extreme short term, as long as it sustains above 4300, the trend would remain bullish and in the upper side it could test 4400. Instead, if it fails to sustain above 4300, then the trend is likely to turn bearish.

Today, if Nifty sustains above 4300, and moves above 4350, then it is likely to test 4400. Instead, if it moves below 4300, then it is likely to test 4250.


Trading Strategy

Now the crucial level is 4300. Be short below this level. Be long above this level.


Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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TECHNICAL OUTLOOK, JULY 30

Nifty 4445.20

Short term correction in Nifty is likely to terminate around 4300. Instead, if it moves below 4300, then correction is likely to extend in to a medium term correction.

In the extreme short term, as long as it stays below 4550, the trend would remain bearish.
Today, if Nifty sustains below 4470, then it is likely to test 4400. Below 4400, it could test 4350.

Instead, if it sustains above 4470, then it is likely to test 4500.



Medium term outlook of Nifty - dated 23st July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.



Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.




Trading Strategy

Hold your shorts with a stop at 4470 and exit if it moves above this level.



ACC 1000.80

The correction in the scrip is likely to terminate around 950. If it moves below 950, then correction is likely to extend towards 875. Buy, if the level 950 is held. If not, enter around 875, for a rally towards a new high in coming weeks.

In the short term, short the scrip if it rises towards 1025 with a stop 1035, for a target of 950.


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TECHNICAL OUTLOOK, 16, JULY

Nifty 4504.55

Nifty sustained above 4400 and thus negated the view of a correction from that level. Now Nifty is likely to move towards 4600 in coming trading sessions. And still a short term correction is possible in coming trading sessions and it would be followed by a rally towards 5000.

In the extreme short term, as long as it stays above 4480, the trend would be bullish and further upside towards 4550 is possible. Below this level, it could turn weak.

Today, if Nifty sustains above 4480, then it is likely to test 4540. Below 4480, it could test 4450.



Medium term outlook of Nifty - dated 13th July

Nifty is likely to make a significant top around 4400 level. If it sustains above 4400, then it is likely to move towards 4600


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.



Trading Strategy

Remain long as long as it stays above 4440.





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TECHNICAL OUTLOOK, 09, JULY

Nifty 4384.85

A short term correction is possible from 4350-4400 level in coming trading sessions. Instead, if it moves and sustains above this level, then it is likely to move towards 4600 in coming weeks.

In the extreme short term, as long as it stays above 4370, the trend would be bullish and further upside is possible. Below this level, it could turn weak.

Today, if Nifty sustains above 4370, then it is likely to test 4420. Below 4370, it could test 4310.




Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Long term outlook of Nifty – dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.






Trading Strategy

Remain long as long as it stays above 4370.



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TECHNICAL OUTLOOK, 02, JULY

Nifty 4318.30

A short term correction is possible from 4350-4400 level in coming trading sessions. Instead, if it moves and sustains above this level, then it is likely to move towards 4600 in coming weeks.

In the extreme short term, if it sustains above 4295, then it is likely to see a sharp up move towards 4350-4400. If it fails to sustain above 4255, then it is likely to turn weak. Below 4210, Nifty could see a low below 4100.

Today, if Nifty sustains above 4295, then it is likely to test 4350. Below 4295, it could test 4270.



Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Long term outlook of Nifty – dated 29 July

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





Trading Strategy

Be short below 4255. Initiate long if it sustains above 4285 and exit your longs around 4350.

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TECHNICAL OUTLOOK, 25, JUNE

Nifty 4252.05

Nifty is in the last leg of the rally and the final upside leg is likely to peak out around previous high. One possibility is it likely to reverse direction from current levels. The other being, Nifty is likely to make a new high around 4350-4400 before turning down.

In the extreme short term, if it moves above 4260, then it is likely to test 4350-4400. Instead, if it trades below 4210, then it is likely to test 4100.

Today, if Nifty fails to sustain above 4260, then it is likely to test 4210. And below this level it could test 4180.



Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.



Trading Strategy

Be short below 4210.




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TECHNICAL OUTLOOK, 18, JUNE

Nifty 4171.45

In the short term, further up move towards a new high is possible only if it trades above 4260. Until then, the short term trend would remain weak and in the downside it has potential of testing 4100 and below this level it could test 3900.

In the extreme short term, if it trades below 4145, it could test 4050.

Today, if Nifty fails to sustain above 4145, then it is likely to test 4090. Instead if it trades above 4190, then it is likely to test 4220.




Medium term outlook of Nifty – dated 21st May

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.




Trading Strategy

Be short below 4145.

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TECHNICAL OUTLOOK, 04, JUNE

Nifty 4297.05

Nifty is in the process of making a significant top around 4350-4400 level. Hold your longs till this level is tested. Further up move is possible only if Nifty sustains above 4400. If it sustains above this level, then the rally is likely to continue with added momentum.

In the extreme short term, if it sustains above 4260, one more high around 4350-4400 is possible. If it fails to sustain above 4260, then it is likely to decline towards 4100.

Today, if Nifty sustains above 4280, then it is likely to test 4350. Instead, if it trades below 4260, then it is likely to test 4230.



Medium term outlook of Nifty

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.

Trading Strategy

Be long above 4280 and short below this level.




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TECHNICAL OUTLOOK, 28 MAY

Nifty 4248.15

Nifty is in the process of making a significant top around 4300-4400 level. Hold your longs till this level is tested. Further up move is possible only if Nifty sustains above 4400. If it sustains above this level, then the rally is likely to continue with added momentum.

In the extreme short term, if it sustains above 4200, it is likely to test 4300.

Today, if Nifty sustains above 4240, then it is likely to test 4280. Instead, if it fails to sustain above 4240, then it is likely to decline towards 4200



Medium term outlook of Nifty

Nifty is likely to make a significant top around 4400 level. Further upside is possible only if Nifty sustains above this level.


Trading Strategy

Re enter in the long side on weakness with a stop at 4200 for targets above 4300.




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TECHNICAL OUTLOOK, 21 MAY

Nifty 4214.50

Nifty is likely to test a new high in coming trading sessions and it is in the process of making a significant top around 4300-4400 level. The run up towards this level is likely to be sharp and swift. Hold your longs till this level is tested.

In the extreme short term, it is likely to trade between 4210 and 4270 before moving above 4300. Instead, if it trades below 4180, it is likely to decline towards 4100.

Today, if Nifty sustains above 4210, then it is likely to test 4260-4270. If not, it is likely to test 4180, from where it is likely to resume its up move.



Medium term outlook of Nifty

In the medium term charts, the trend is looking bullish and it is likely to test 4300-4400 level in coming months.

Long term Investors can remain invested with a stop at 3900.



Trading Strategy

Remain long as long as it stays above 4180. Positional traders can hold Nifty for targets above 4300 in coming trading sessions.




Acc 876.45

The short term trend is looking bullish and it is likely to test 940 level in coming trading sessions. Buy with a stop at 865 for a target of 940.

Instead, if it trades below 865, it is likely to decline towards 830 level.



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