Sell Nifty Futures with 20 points stop
- Thread starter sathiamoorthyd
- Start date
D Sathia Moorthy
March 02, 2009
Nifty (spot) 2785.65
Nifty Intraday trading levels and range
Today, if Nifty trades below 2710 then it could test 2650 and below this level it could test 2600.
Instead, if it sustains above 2710, then it could test 2760.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2710. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1340.
Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1265. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1300 for a target of 1340. Initiate shorts if it fails to sustain above 1300 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 1040. If it fails to sustain above 1040, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.
Instead, if it sustains above 1040, then the short term trend would turn bullish and in the upper side it is likely to move towards 1080.
Trading Strategy for SBI
For Intraday, the crucial level is 1025. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1040 for a target of 900. And initiate longs if it sustains above 1040 for a target of 1080.
Infosys (spot)
The level 1250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.
If it fails to sustain above 1250, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1230. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1300.
Idea Cellular (spot)
The level 50 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 60.
Instead, if it fails to sustain above 50, the short term trend would turn bearish and in the downside it is likely to decline towards 35 initially.
Trading Strategy for Idea Cellular
For intraday, the crucial level is 50. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 50 for a target of 35. Initiate longs if it sustains above 50 for a target of 60.
ICICI Bank (spot)
The crucial level for the scrip in the short term is 350. The trend would remain bearish for this scrip if it sustains below 350 and in the down side, it could test 280 initially.
If the scrip sustains above 350, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 380.
Trading Strategy for Icici Bank
For intraday, the crucial level is 350. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 350 is broken in the upside for a target of 380. Short if it fails to sustain above 350 for a target of 280.
March 02, 2009
Nifty (spot) 2785.65
Nifty Intraday trading levels and range
Today, if Nifty trades below 2710 then it could test 2650 and below this level it could test 2600.
Instead, if it sustains above 2710, then it could test 2760.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2710. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1340.
Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1265. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1300 for a target of 1340. Initiate shorts if it fails to sustain above 1300 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 1040. If it fails to sustain above 1040, then it is likely to turn bearish and in the down side it could test 900 in coming trading sessions.
Instead, if it sustains above 1040, then the short term trend would turn bullish and in the upper side it is likely to move towards 1080.
Trading Strategy for SBI
For Intraday, the crucial level is 1025. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1040 for a target of 900. And initiate longs if it sustains above 1040 for a target of 1080.
Infosys (spot)
The level 1250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.
If it fails to sustain above 1250, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1230. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1300.
Idea Cellular (spot)
The level 50 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 60.
Instead, if it fails to sustain above 50, the short term trend would turn bearish and in the downside it is likely to decline towards 35 initially.
Trading Strategy for Idea Cellular
For intraday, the crucial level is 50. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 50 for a target of 35. Initiate longs if it sustains above 50 for a target of 60.
ICICI Bank (spot)
The crucial level for the scrip in the short term is 350. The trend would remain bearish for this scrip if it sustains below 350 and in the down side, it could test 280 initially.
If the scrip sustains above 350, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 380.
Trading Strategy for Icici Bank
For intraday, the crucial level is 350. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 350 is broken in the upside for a target of 380. Short if it fails to sustain above 350 for a target of 280.
D Sathia Moorthy
March 03, 2009
Nifty (spot) 2674.60
Nifty Intraday trading levels and range
Today, if Nifty trades below 2680 then it could test 2600 and below this level it could test 2550.
Instead, if it sustains above 2680, then it could test 2700.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2680. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.
Instead, if it fails to sustain above 1240 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1240. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 1020. If it fails to sustain above 1020, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 1020, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.
Trading Strategy for SBI
For Intraday, the crucial level is 1025. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1020 for a target of 850. And initiate longs if it sustains above 1020 for a target of 1080.
Infosys (spot)
The level 1250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.
If it fails to sustain above 1250, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1230. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1300.
Rcom (spot)
The level 155 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 165.
Instead, if it fails to sustain above 155, the short term trend would turn bearish and in the downside it is likely to decline towards 125 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 148. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 155 for a target of 125. Initiate longs if it sustains above 155 for a target of 165.
Maruti (spot)
The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 550 initially.
If the scrip sustains above 690, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 720.
Trading Strategy for Maruti
For intraday, the crucial level is 680. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 690 is broken in the upside for a target of 720. Short if it fails to sustain above 690 for a target of 550.
March 03, 2009
Nifty (spot) 2674.60
Nifty Intraday trading levels and range
Today, if Nifty trades below 2680 then it could test 2600 and below this level it could test 2550.
Instead, if it sustains above 2680, then it could test 2700.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2680. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.
Instead, if it fails to sustain above 1240 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1240. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 1020. If it fails to sustain above 1020, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 1020, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.
Trading Strategy for SBI
For Intraday, the crucial level is 1025. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1020 for a target of 850. And initiate longs if it sustains above 1020 for a target of 1080.
Infosys (spot)
The level 1250 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.
If it fails to sustain above 1250, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1230. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. Initiate longs if it sustains above 1250 for a target of 1300.
Rcom (spot)
The level 155 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 165.
Instead, if it fails to sustain above 155, the short term trend would turn bearish and in the downside it is likely to decline towards 125 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 148. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 155 for a target of 125. Initiate longs if it sustains above 155 for a target of 165.
Maruti (spot)
The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 550 initially.
If the scrip sustains above 690, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 720.
Trading Strategy for Maruti
For intraday, the crucial level is 680. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 690 is broken in the upside for a target of 720. Short if it fails to sustain above 690 for a target of 550.
D Sathia Moorthy
March 04, 2009
Nifty (spot) 2622.40
Nifty Intraday trading levels and range
Today, if Nifty trades below 2660 then it could test 2600 and below this level it could test 2550.
Instead, if it sustains above 2660, then it could test 2700.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2660. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.
Instead, if it fails to sustain above 1240 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1225. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 1020. If it fails to sustain above 1020, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 1020, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.
Trading Strategy for SBI
For Intraday, the crucial level is 1000. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1020 for a target of 850. And initiate longs if it sustains above 1020 for a target of 1080.
Infosys (spot)
The level 1240 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.
If it fails to sustain above 1240, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1210. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1300.
Tcs (spot)
The level 465 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 490.
Instead, if it fails to sustain above 465, the short term trend would turn bearish and in the downside it is likely to decline towards 390 initially.
Trading Strategy for Tcs
For intraday, the crucial level is 455. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 465 for a target of 390. Initiate longs if it sustains above 465 for a target of 490.
Maruti (spot)
The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 550 initially.
If the scrip sustains above 690, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 720.
Trading Strategy for Maruti
For intraday, the crucial level is 680. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 690 is broken in the upside for a target of 720. Short if it fails to sustain above 690 for a target of 550.
March 04, 2009
Nifty (spot) 2622.40
Nifty Intraday trading levels and range
Today, if Nifty trades below 2660 then it could test 2600 and below this level it could test 2550.
Instead, if it sustains above 2660, then it could test 2700.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2660. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.
Instead, if it fails to sustain above 1240 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1225. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 1020. If it fails to sustain above 1020, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 1020, then the short term trend would turn bullish and in the upper side it is likely to move towards 1180.
Trading Strategy for SBI
For Intraday, the crucial level is 1000. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 1020 for a target of 850. And initiate longs if it sustains above 1020 for a target of 1080.
Infosys (spot)
The level 1240 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1300.
If it fails to sustain above 1240, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1210. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1300.
Tcs (spot)
The level 465 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 490.
Instead, if it fails to sustain above 465, the short term trend would turn bearish and in the downside it is likely to decline towards 390 initially.
Trading Strategy for Tcs
For intraday, the crucial level is 455. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 465 for a target of 390. Initiate longs if it sustains above 465 for a target of 490.
Maruti (spot)
The crucial level for the scrip in the short term is 690. The trend would remain bearish for this scrip if it sustains below 690 and in the down side, it could test 550 initially.
If the scrip sustains above 690, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 720.
Trading Strategy for Maruti
For intraday, the crucial level is 680. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 690 is broken in the upside for a target of 720. Short if it fails to sustain above 690 for a target of 550.
D Sathia Moorthy
March 05, 2009
Nifty (spot) 2645.20
Nifty Intraday trading levels and range
Today, if Nifty trades below 2660 then it could test 2600 and below this level it could test 2550.
Instead, if it sustains above 2660, then it could test 2700.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2660. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.
Instead, if it fails to sustain above 1240 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1225. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 980. If it fails to sustain above 980, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 980, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.
Trading Strategy for SBI
For Intraday, the crucial level is 980. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 980 for a target of 850. And initiate longs if it sustains above 980 for a target of 1020.
Infosys (spot)
The level 1220 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1260.
If it fails to sustain above 1220, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1220. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1220 for a target of 1000. Initiate longs if it sustains above 1220 for a target of 1260.
Rcom (spot)
The level 141 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 150.
Instead, if it fails to sustain above 141, the short term trend would turn bearish and in the downside it is likely to decline towards 100 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 139. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 141 for a target of 100. Initiate longs if it sustains above 141 for a target of 150.
Icici Bank (spot)
The crucial level for the scrip in the short term is 305. The trend would remain bearish for this scrip if it sustains below 305 and in the down side, it could test 250 initially.
If the scrip sustains above 305, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 330.
Trading Strategy for Icici Bank
For intraday, the crucial level is 288. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 305 is broken in the upside for a target of 330. Short if it fails to sustain above 305 for a target of 250.
March 05, 2009
Nifty (spot) 2645.20
Nifty Intraday trading levels and range
Today, if Nifty trades below 2660 then it could test 2600 and below this level it could test 2550.
Instead, if it sustains above 2660, then it could test 2700.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2660. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2500 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2750.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1240 is crucial for short term. If it sustains above 1240, then it is likely to rally towards 1300.
Instead, if it fails to sustain above 1240 in coming trading sessions, then it is likely to turn weak and it could decline towards 1100 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1225. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1240 for a target of 1300. Initiate shorts if it fails to sustain above 1240 for a target of 1100 initially.
SBI (spot)
The crucial level for the short term for this scrip is 980. If it fails to sustain above 980, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 980, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.
Trading Strategy for SBI
For Intraday, the crucial level is 980. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 980 for a target of 850. And initiate longs if it sustains above 980 for a target of 1020.
Infosys (spot)
The level 1220 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1260.
If it fails to sustain above 1220, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1220. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1220 for a target of 1000. Initiate longs if it sustains above 1220 for a target of 1260.
Rcom (spot)
The level 141 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 150.
Instead, if it fails to sustain above 141, the short term trend would turn bearish and in the downside it is likely to decline towards 100 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 139. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 141 for a target of 100. Initiate longs if it sustains above 141 for a target of 150.
Icici Bank (spot)
The crucial level for the scrip in the short term is 305. The trend would remain bearish for this scrip if it sustains below 305 and in the down side, it could test 250 initially.
If the scrip sustains above 305, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 330.
Trading Strategy for Icici Bank
For intraday, the crucial level is 288. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 305 is broken in the upside for a target of 330. Short if it fails to sustain above 305 for a target of 250.
D Sathia Moorthy
March 09, 2009
Nifty (spot) 2620.15
Nifty Intraday trading levels and range
Today, if Nifty trades below 2600 then it could test 2550 and below this level it could test 2500.
Instead, if it sustains above 2600, then it could test 2640.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2600. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2650 for a target of 2400 with a stop at 2650 and trade long above 2650 for a target of 2720 with a stop at 2650.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1190 is crucial for short term. If it sustains above 1190, then it is likely to rally towards 1240.
Instead, if it fails to sustain above 1190 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1190. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1190 for a target of 1240. Initiate shorts if it fails to sustain above 1190 for a target of 1000 initially.
SBI (spot)
The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.
Trading Strategy for SBI
For Intraday, the crucial level is 950. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 970 for a target of 850. And initiate longs if it sustains above 970 for a target of 1020.
Infosys (spot)
The level 1240 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1280.
If it fails to sustain above 1240, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1240. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1260.
Maruti (spot)
The level 670 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 730.
Instead, if it fails to sustain above 670, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.
Trading Strategy for Maruti
For intraday, the crucial level is 657. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 670 for a target of 500. Initiate longs if it sustains above 670 for a target of 730.
Icici Bank (spot)
The crucial level for the scrip in the short term is 290. The trend would remain bearish for this scrip if it sustains below 290 and in the down side, it could test 200 initially.
If the scrip sustains above 290, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 320.
Trading Strategy for Icici Bank
For intraday, the crucial level is 275. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 290 is broken in the upside for a target of 320. Short if it fails to sustain above 290 for a target of 200.
March 09, 2009
Nifty (spot) 2620.15
Nifty Intraday trading levels and range
Today, if Nifty trades below 2600 then it could test 2550 and below this level it could test 2500.
Instead, if it sustains above 2600, then it could test 2640.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2600. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2650 for a target of 2400 with a stop at 2650 and trade long above 2650 for a target of 2720 with a stop at 2650.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1190 is crucial for short term. If it sustains above 1190, then it is likely to rally towards 1240.
Instead, if it fails to sustain above 1190 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1190. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1190 for a target of 1240. Initiate shorts if it fails to sustain above 1190 for a target of 1000 initially.
SBI (spot)
The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 850 in coming trading sessions.
Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.
Trading Strategy for SBI
For Intraday, the crucial level is 950. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 970 for a target of 850. And initiate longs if it sustains above 970 for a target of 1020.
Infosys (spot)
The level 1240 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1280.
If it fails to sustain above 1240, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1240. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1240 for a target of 1000. Initiate longs if it sustains above 1240 for a target of 1260.
Maruti (spot)
The level 670 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 730.
Instead, if it fails to sustain above 670, the short term trend would turn bearish and in the downside it is likely to decline towards 500 initially.
Trading Strategy for Maruti
For intraday, the crucial level is 657. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 670 for a target of 500. Initiate longs if it sustains above 670 for a target of 730.
Icici Bank (spot)
The crucial level for the scrip in the short term is 290. The trend would remain bearish for this scrip if it sustains below 290 and in the down side, it could test 200 initially.
If the scrip sustains above 290, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 320.
Trading Strategy for Icici Bank
For intraday, the crucial level is 275. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 290 is broken in the upside for a target of 320. Short if it fails to sustain above 290 for a target of 200.
D Sathia Moorthy
March 16, 2009
Nifty (spot) 2719.25
Nifty Intraday trading levels and range
Today, if Nifty trades above 2720 then it could test 2750.
Instead, if it sustains above 2720, then it could test 2670 and below this level, it could test 2640.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2720. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2400 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2800.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1340.
Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1300. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1300 for a target of 1340. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.
SBI (spot)
The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 750 in coming trading sessions.
Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.
Trading Strategy for SBI
For Intraday, the crucial level is 970. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 970 for a target of 750. And initiate longs if it sustains above 970 for a target of 1020.
Infosys (spot)
The level 1330 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1360.
If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1330. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.
Ongc (spot)
The level 740 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 780.
Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.
Trading Strategy for Ongc
For intraday, the crucial level is 700. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 740 for a target of 600. Initiate longs if it sustains above 740 for a target of 780.
Icici Bank (spot)
The crucial level for the scrip in the short term is 320. The trend would remain bearish for this scrip if it sustains below 320 and in the down side, it could test 250 initially.
If the scrip sustains above 320, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 350.
Trading Strategy for Icici Bank
For intraday, the crucial level is 320. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 320 is broken in the upside for a target of 350. Short if it fails to sustain above 320 for a target of 250.
March 16, 2009
Nifty (spot) 2719.25
Nifty Intraday trading levels and range
Today, if Nifty trades above 2720 then it could test 2750.
Instead, if it sustains above 2720, then it could test 2670 and below this level, it could test 2640.
Nifty intraday Trading Strategy
For intraday, the crucial level is 2720. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 2750 for a target of 2400 with a stop at 2800 and trade long above 2800 for a target of 2950 with a stop at 2800.
Short term Technical View of Nifty
The short term trend is looking weak and it is likely to test 2500 initially and then it could decline towards 2000 and this view holds good as long as Nifty stays below 2850.
Medium term outlook of Nifty dated on 14 October 2008
The medium term outlook of Nifty would remain bearish if it fails to sustain above 3100. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 13 October 2008
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1300 is crucial for short term. If it sustains above 1300, then it is likely to rally towards 1340.
Instead, if it fails to sustain above 1300 in coming trading sessions, then it is likely to turn weak and it could decline towards 1000 initially.
Trading Strategy for Reliance
For intraday, the crucial level is 1300. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it moves above 1300 for a target of 1340. Initiate shorts if it fails to sustain above 1300 for a target of 1000 initially.
SBI (spot)
The crucial level for the short term for this scrip is 970. If it fails to sustain above 970, then it is likely to turn bearish and in the down side it could test 750 in coming trading sessions.
Instead, if it sustains above 970, then the short term trend would turn bullish and in the upper side it is likely to move towards 1020.
Trading Strategy for SBI
For Intraday, the crucial level is 970. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 970 for a target of 750. And initiate longs if it sustains above 970 for a target of 1020.
Infosys (spot)
The level 1330 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 1360.
If it fails to sustain above 1330, then the trend would turn bearish and in the downside it is likely to decline towards 1100 initially.
Trading Strategy for Infosys
For intraday, the crucial level is 1330. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 1330 for a target of 1000. Initiate longs if it sustains above 1330 for a target of 1360.
Ongc (spot)
The level 740 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 780.
Instead, if it fails to sustain above 740, the short term trend would turn bearish and in the downside it is likely to decline towards 600 initially.
Trading Strategy for Ongc
For intraday, the crucial level is 700. Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 740 for a target of 600. Initiate longs if it sustains above 740 for a target of 780.
Icici Bank (spot)
The crucial level for the scrip in the short term is 320. The trend would remain bearish for this scrip if it sustains below 320 and in the down side, it could test 250 initially.
If the scrip sustains above 320, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 350.
Trading Strategy for Icici Bank
For intraday, the crucial level is 320. Trade long above this level and be short below this level.
Positional traders can initiate longs if the level 320 is broken in the upside for a target of 350. Short if it fails to sustain above 320 for a target of 250.
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