Monday, September 17, 2007
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.
Visit us at:
www.waveriders.in
Contact:
9381203517
asksathia@hotmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Monday, September 10, 2007
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.
Visit us at:
www.waveriders.in
Contact:
9381203517
asksathia@hotmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Subscribe to:
Posts (Atom)