TECHNICAL OUTLOOK 29 DECEMBER

Nifty 3970.55

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALL

Zuari Inds 185.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 250 in coming months. Buy on decline towards 178 with a stop at 160.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.



9381203517

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TECHNICAL OUTLOOK 28 DECEMBER

Nifty 3974.25

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.


DELIVERY CALLS


Nahar Exports 97.10

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 140 in coming months. Buy on decline towards 85 with a stop at 80.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.




9381203517

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asksathia@hotmail.com

TECHNICAL OUTLOOK 27 DECEMBER

Nifty 39740.25

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Carborundum Universal 175.75

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 250 in coming months. Buy on decline with a stop at 145.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 26 DECEMBER

Nifty 3871.15

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.

DELIVERY CALLS

Bhushan steel 369.15

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 450 in coming weeks. Buy on decline with a stop at 330.


DCM 72.35

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 100 in coming weeks. Buy on decline with a stop at 62.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

9381203517

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asksathia@hotmail.com

TECHNICAL OUTLOOK 22 DECEMBER

Nifty 3833.50

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Blow Plast 100.00

The scrip is in long term bull trend and it has good potential in the long run.

In the extreme short term, it is likely to decline towards 90.

In medium term, chart indicates a rally towards 140 in coming weeks. Buy on decline towards 90 with a stop at 80.



Syndicate Bank 72.15

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 110 in coming weeks. Buy on decline towards 65 with a stop at 58.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 21 DECEMBER

Nifty 3815.55

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.


DELIVERY CALLS


Deepak Fertilizers 80.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 105 in coming weeks. Buy on decline with a stop at 72.


Tata Chemicals 227.15

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 300 in coming weeks. Buy on decline with a stop at 210.

In medium term, chart indicates a rally towards 200 in coming weeks. Buy on decline towards 120, with a stop at 100.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

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asksathia@hotmail.com

TECHNICAL OUTLOOK 20 DECEMBER

Nifty 3832.00

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Birla Yamaha 26.95

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 40 in coming weeks. Buy on decline with a stop at 22.


Karnataka Bank 139.45

The scrip is in long term bull trend and it has good potential in the long run.

In the extreme short term, it could decline towards 120.

In medium term, chart indicates a rally towards 200 in coming weeks. Buy on decline towards 120, with a stop at 100.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

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asksathia@hotmail.com

TECHNICAL OUTLOOK 19 DECEMBER

Nifty 3928.75

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.


DELIVERY CALLS


Dhanalakshmi Bank 47.20

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 65 in coming weeks. Buy on decline with a stop at 41.


Philips Carbon 126.95

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 160 in coming weeks. Buy on decline with a stop at 115.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 18 DECEMBER

Nifty 3888.65

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Marico Industries 562.45

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 700 in coming weeks. Buy on decline with a stop at 500.


Software Sol 190.40


The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 250 in coming months. Buy on decline with a stop at 170.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 15 DECEMBER

Nifty 3843.05

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Bhagyanagar Metals 35.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 50 in coming weeks. Buy on decline with a stop at 30.


Navneet Pub 62.10

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 80 in coming months. Buy on decline with a stop at 53.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517


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asksathia@hotmail.com

TECHNICAL OUTLOOK 14 DECEMBER

Nifty 3716.90

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.


DELIVERY CALLS


Suven Pharma 107.40

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 150 in coming weeks. Buy on decline with a stop at 90.


Manugraph ind 253.35

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 350 in coming months. Buy on decline with a stop at 230.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 13 DECEMBER

Nifty 3716.90

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Mysore cements 60.95

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 90 in coming weeks. Buy on decline with a stop at 52.


Essar shipping 31.15

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 50 in coming months. Buy on decline with a stop at 25.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.



9381203517

www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 12 DECEMBER

Nifty 3849.50


Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALL


Kajaria Ceramics 56.00

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 75 in coming weeks. Buy on decline with a stop at 48.


KLG Systel 281.00

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 380 in coming months. Buy on decline with a stop at 240.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

9381203517

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asksathia@hotmail.com

TECHNICAL OUTLOOK 11 DECEMBER

Nifty 3962.00

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS


Kajaria Ceramics 56.00

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 75 in coming weeks. Buy on decline with a stop at 48.


Vardhaman Poly 107.10

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 150 in coming months. Buy on decline with a stop at 90.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

www.waveriders.in

asksathia@hotmail.com


9381203517

TECHNICAL OUTLOOK 08 DECEMBER

Nifty 4015.35


Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALL


JBF industries 103.35

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 130 in coming weeks. Buy on decline with a stop at 95.



DCM Shriram cons 112.10

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 170 in coming weeks. Buy on decline with a stop at 85.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

Contact

9381203517

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www.waveriders.in

TECHNICAL OUTLOOK 07 DECEMBER

Nifty 4015.95

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALLS

Visaka Ind 152.40

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 210 in coming weeks. Buy on decline with a stop at 130.



GTC Inds 223.70

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 300 in coming weeks. Buy on decline with a stop at 190.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.



Contact


9381203517


asksathia@hotmail.com


www.waveriders.in

TECHNICAL OUTLOOK 06 DECEMBER

Nifty 4015.75

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.

IPCL 290.15

For paid susbscribers only



M&M 843.80

For paid subscribers only

DELIVERY CALL


Polaris 131.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 200 in coming weeks. Buy on decline with a stop at 115.


Blue star 183.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 250 in coming weeks. Buy on decline with a stop at 160.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


Contact


9381203517


asksathia@hotmail.com


www.waveriders.in

TECHNICAL OUTLOOK 05 DECEMBER

Nifty 4001.00

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers. The charges are Rs 2500/- per month.



DELIVERY CALL


Elgi equipments 60.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 90 in coming weeks. Buy on decline with a stop at 50.



ICI (i) 401.50

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 500 in coming weeks. Buy on decline with a stop at 360.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


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TECHNICAL OUTLOOK 04 DECEMBER

Nifty 3997.60

Full contents of our Newsletter, including short term outlook of Nifty and short term trading calls are available for paid subscribers.


DELIVERY CALL


Gabriels 33.30

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 45 in coming weeks. Buy on decline with a stop at 29.


Havell’s(i) 333.30

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 450 in coming weeks. Buy on decline with a stop at 295.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


www.waveriders.in


asksathia@hotmail.com

TECHNICAL OUTLOOK 01 DECEMBER

Nifty 3954.50

As previously mentioned, short term trend in nifty would remain bullish as long as Nifty stays above 3915 and in the upside it could test 4000 initially.

In the extreme short term, if Nifty sustains above 3938, it likely to test 3970. Above 3970, it could test 4000.

Today, If Nifty sustains above 3950, it is likely to test 3970 and above 3970, it could test 4000.

Except Nifty, all other calls will be available only for our paid subscribers. For paid newsletter contact asksathia@hotmail.com or visit www.waveriders.in

ICICI Bank 869.50

The short term trend is looking bullish and it has potential of testing 950 in coming trading sessions. Buy on decline with a stop at 850.

If the level 850 is violated in the downside, it is likely to test 790. But, the short term bullish view would remain valid as long as it stays above 790.

Long term investors can continue to hold this scrip with a stop at 750 for a target of 1100 in coming months.



DELIVERY CALL


Aztec software 164.30

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 220 in coming weeks. Buy on decline with a stop at 145.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


www.waveriders.in


asksathia@hotmail.com

TECHNICAL OUTLOOK 30 NOVEMBER

Nifty 3928.20

As mentioned yesterday, short term trend in nifty would remain bullish as long as Nifty stays above 3915 and in the upside it could test 4000 initially.

In the extreme short term, if Nifty sustains above 3915, it likely to bounce from current levels.
Instead, if it fails to sustain above 3915, it is likely to decline towards 3895.

Today, If Nifty sustains above 3915, it is likely to test 3955 and above 3955, it could test 3970.


Satyam 451.40

The short term trend is looking bullish and it has potential of testing 500 in coming trading sessions. Buy on decline with a stop at 440.

Long term investors can continue to hold this scrip with a stop at 400 for a target of 600 in coming months.



DELIVERY CALL


Amara Raja Batteries 413.90

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 550 in coming weeks. Buy on decline with a stop at 370.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 29 NOVEMBER

Nifty 3921.75

Short term trend in nifty would remain bullish as long as Nifty stays above 3915. If it sustains below this level, then correction is likely to extend further in the downside.

In the extreme short term, if Nifty sustains above 3915, it likely to bounce from current levels.
Instead, if it fails to sustain above 3915, it is likely to decline towards 3895.

Today, If Nifty sustains above 3915, it is likely to test 3940 and above 3940, it could test 3965. Instead, if it moves below 3915, it could test 3895.


Reliance Capital 604.15

The short term trend is looking bullish and it has potential of testing 650 in coming trading sessions. Buy on decline with a stop at 565.

In the extreme short term, if it fails to sustain above 595, it could test 565. If the level, 595 is not violated in the downside, then it is likely to bounce from current levels.

Long term investors can continue to hold this scrip with a stop at 530 for a target of 800 in coming months.

DELIVERY CALL

Eicher 131.65

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 170 in coming weeks. Buy on decline with a stop at 115.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


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TECHNICAL OUTLOOK 28 NOVEMBER

Nifty 3968.90

Short term trend in nifty would remain bullish as long as Nifty stays above 3915.

In the extreme short term, if Nifty sustains above 3960, it likely to test 4000. Instead, if it fails to sustain above 3960, it is likely to decline towards 3920.

Today, If Nifty sustains above 3960, it is likely to test 4000. If it trades below 3960, then, it is likely to test 3940 and below 3940, it could test 3920.


DELIVERY CALL

Crompton Greaves 274.85

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 350 in coming weeks. Buy on decline with a stop at 240.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.



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TECHNICAL OUTLOOK 27 NOVEMBER

Nifty 3950.85

Short term trend in nifty would remain bullish as long as Nifty stays above 3915.

In the extreme short term, if Nifty sustains above 3960, it likely to test 4000.

Today, If Nifty sustains above 3960, it is likely to test 4000. Below 3940, it could test 3920.


Infosys 2234.00

The short term trend is looking bullish and it has potential of testing 2330 in coming trading sessions. Buy on decline with a stop at 2190.

Long term investors can continue to hold this scrip with a stop at 2130 for a target of 2600 in coming months.


DELIVERY CALL

Finolex Cables 507.30

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 600 in coming weeks. Buy on decline with a stop at 480.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 24 NOVEMBER

Nifty 3945.45

Short term trend in nifty would remain bullish as long as Nifty stays above 3915.

In the extreme short term, if Nifty fails to sustain above 3950, it likely to test 3920. If it sustains above 3950, then it is likely to test 4000.

Today, If Nifty sustains above 3950, it is likely to test 3970 and above 3970, it could test 4000.
Instead, if it trades below 3940, it could test 3920.



Mahindra &Mahindra 832.75

The short term trend is looking bullish and it has potential of testing 880 in coming trading sessions. Buy on decline with a stop at 820.

Long term investors can continue to hold this scrip with a stop at 740 for a target of 1100 in coming months.



DELIVERY CALL

Moser Baer 278.00

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 350 in coming weeks. Buy on decline with a stop at 245.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

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TECHNICAL OUTLOOK 23 NOVEMBER

Nifty 3954.75

Nifty is with in our target range of 3950-4000. Now, Nifty is likely to struggle around this region before moving to the next higher target.

In the extreme short term, if Nifty sustains above 3950, it likely to test 4000.

Today, If Nifty sustains above 3950, it is likely to test 3985 and above 3985, it could test 4000.


TCS 1143.00

The short term trend is looking bullish and it has potential of testing 1250 in coming trading sessions. Buy on decline with a stop at 1115.

Long term investors can continue to hold this scrip with a stop at 1050 for a target of 1500 in coming months.



DELIVERY CALL

India cements 225.30

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 300 in coming months. Buy on decline with a stop at 200.

In the extreme short term, if the scrip fails to sustain above 220, it is likely to decline towards 200 level.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.



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TECHNICAL OUTLOOK 22 NOVEMBER

Nifty 3918.25

The short term trend in Nifty is looking bullish, and it is likely to test 3950-4000 level in coming trading sessions and this view holds good as long as Nifty stays above 3850.

In the extreme short term, if Nifty sustains above 3910, then it could test 3960. If it fails to sustain above 3910, then it is likely to decline towards 3885.

Today, If Nifty sustains above 3910, then it is likely to test 3960.



IPCL 282.85

The short term trend is looking bullish and it has potential of testing 330 in coming trading sessions. Buy on decline with a stop at 270.

If it trades below 270, then it is likely to decline up to 245.

Long term investors can continue to hold this scrip with a stop at 245 for a target of 400 in coming months.

DELIVERY CALL

United Phosphorus 29.45

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 40 in coming months. Buy on decline with a stop at 25.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


www.waveriders.in


asksathia@hotmail.com

TECHNICAL OUTLOOK 21 NOVEMBER

Nifty 3856.15

The short term trend in Nifty is looking bullish, and it is likely to test 3950-4000 level in coming trading sessions and this view holds good as long as Nifty stays above 3820.

In the extreme short term, if Nifty sustains above 3855, then it could test 3900.

Today, If Nifty sustains above 3855, then it is likely to test 3885 and above 3885, it could test 3900-3910 level.



Acc 1052.10

The short term trend is looking bullish and it has potential of testing 1150 in coming trading sessions. Buy on decline with a stop at 1020.

Long term investors can continue to hold this scrip with a stop at 960 for a target of 1350 in coming months.



DELIVERY CALL

Thermax 371.40

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 450 in coming months. Buy on decline with a stop at 320.

In the extreme short term, the scrip has potential of declining towards 350 level.




Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.


www.waveriders.in

asksathia@hotmail.com

TECHNICAL OUTLOOK 20 NOVEMBER

Nifty 3852.80

The short term trend in Nifty would remain bullish as long as it stays above 3810. In the extreme short term, if it fails to move above 3865, it is likely to decline towards 3820, from where it could bounce. If it stays above 3865, then it is likely to move further towards 3900.

Today, If Nifty sustains above 3865, then it is likely to test 3885. Below 3845, it could test 3820-3825 level.


Reliance Capital 559.40

The short term trend is looking bullish and it has potential of testing 585 initially in coming trading sessions and above 585, it could test 610. Buy on decline with a stop at 540.

Long term investors can continue to hold this scrip with a stop at 500 for a target of 700 in coming months.



DELIVERY CALL

Jindal Steel 2085.10

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 2700 in coming months. Buy on decline with a stop at 1800.



Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

As the expected correction around 3800 level, is taking place as a running sideways correction, the present technical setup of Nifty suggests that there would be no major downside in the immediate future. And also if Nifty doesn’t violate 3600 level, we are likely to see a sharp up move towards the next medium term target in coming months.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.

www.waveriders.in

asksathia@hotmail.com