Sell Nifty Futures with 20 points stop

[sathiamoorthyd]

D Sathia Moorthy

March 18, 2009


Nifty (spot) 2757.45



Nifty Intraday trading levels and range

Today, if Nifty trades above 2800 then it could test 2825.

Instead, if it sustains below 2800, then it could test 2725 and below this level, it could test 2670.


Nifty intraday Trading Strategy

For intraday, the crucial level is 2800. 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 1280. 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 340. The trend would remain bearish for this scrip if it sustains below 340 and in the down side, it could test 250 initially.

If the scrip sustains above 340, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 360.


Trading Strategy for Icici Bank

For intraday, the crucial level is 330. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 340 is broken in the upside for a target of 360. Short if it fails to sustain above 340 for a target of 250.

 

[sathiamoorthyd]

D Sathia Moorthy

March 30, 2009

Nifty (spot) 3108.65



Nifty Intraday trading levels and range

Today, if Nifty trades below 3100 then it could test 3050 and below this level it could test 3010.

Instead, if it sustains above 3100, then it could test 3150.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3050. 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 3150 for a target of 2500 with a stop at 3150 and trade long above 3150 for a target of 3250 with a stop at 3150.



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 3150.

Since the present rally seems to be corrective, it is likely to top out below 3150 or below 3250 and it is likely to break 2500 in the downside in coming weeks






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 1500 is crucial for short term. If it sustains above 1500, then it is likely to rally towards 1600.

Instead, if it fails to sustain above 1500 in coming trading sessions, then it is likely to turn weak and it could decline towards 1200 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1540. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1500 for a target of 1600. Initiate shorts if it fails to sustain above 1500 for a target of 1200.



SBI (spot)

The crucial level for the short term for this scrip is 1150. If it fails to sustain above 1150, then it is likely to turn bearish and in the down side it could test 950 in coming trading sessions.

Instead, if it sustains above 1150, then the short term trend would turn bullish and in the upper side it is likely to move towards 1200.


Trading Strategy for SBI

For Intraday, the crucial level is 1150. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1150 for a target of 950. And initiate longs if it sustains above 1150 for a target of 1200.



Infosys (spot)

The level 1300 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 1300, 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 1340. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1000. Initiate longs if it sustains above 1300 for a target of 1360.





Icici Bank (spot)

The level 365 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 390.

Instead, if it fails to sustain above 365, the short term trend would turn bearish and in the downside it is likely to decline towards 250 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 390. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 365 for a target of 250. Initiate longs if it sustains above 365 for a target of 390.




Ongc (spot)

The crucial level for the scrip in the short term is 790. The trend would remain bearish for this scrip if it sustains below 790 and in the down side, it could test 700 initially.

If the scrip sustains above 790, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 830.


Trading Strategy for Ongc

For intraday, the crucial level is 790. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains 790 in the upside for a target of 830. Short if it fails to sustain above 790 for a target of 700.

 

[sathiamoorthyd]

April 23, 2009


Nifty (spot) 3330.30



Nifty Intraday trading levels and range

Today, if Nifty trades below 3360 then it could test 3300 and below this level, it could test 3250.

Instead, if it sustains above 3360, then it could test 3425.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3360. 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 3360 for a target of 2900 with a stop at 3360 and trade long above 3360 for a target of 3425 with a stop at 3360.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1750 is crucial for short term. If it sustains above 1750, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1750 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1735. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1750 for a target of 1850. Initiate shorts if it fails to sustain above 1750 for a target of 1500.



SBI (spot)

The crucial level for the short term for this scrip is 1250. If it fails to sustain above 1250, then it is likely to turn bearish and in the down side it could test 1000 in coming trading sessions.

Instead, if it sustains above 1250, then the short term trend would turn bullish and in the upper side it is likely to move towards 1360.


Trading Strategy for SBI

For Intraday, the crucial level is 1250. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. And initiate longs if it sustains above 1250 for a target of 1360.



Ongc (spot)

The level 850 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 930.

If it fails to sustain above 850, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 850. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 850 for a target of 800. Initiate longs if it sustains above 850 for a target of 930.





Icici Bank (spot)

The level 415 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 480.

Instead, if it fails to sustain above 415, the short term trend would turn bearish and in the downside it is likely to decline towards 360 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 415. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 415 for a target of 360. Initiate longs if it sustains above 415 for a target of 480.




Maruti (spot)

The crucial level for the scrip in the short term is 775. The trend would remain bearish for this scrip if it sustains below 775 and in the down side, it could test 700 initially.

If the scrip sustains above 775, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 850.


Trading Strategy for Maruti

For intraday, the crucial level is 775. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 775 in the upside for a target of 850. Short if it fails to sustain above 775 for a target of 700.

 

[sathiamoorthyd]

D Sathia Moorthy

April 24, 2009

Nifty (spot) 3423.70



Nifty Intraday trading levels and range

Today, if Nifty trades below 3450 then it could test 3360 and below this level, it could test 3300.

Instead, if it sustains above 3450, then it could test 3550.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3450. 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 3450 for a target of 2900 with a stop at 3450 and trade long above 3450 for a target of 3550 with a stop at 3450.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out below 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.


The maximum Nifty could go in the upside for the short term is 3600.




Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. 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 1750 is crucial for short term. If it sustains above 1750, then it is likely to rally towards 1850.

Instead, if it fails to sustain above 1750 in coming trading sessions, then it is likely to turn weak and it could decline towards 1500 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1750. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1750 for a target of 1850. Initiate shorts if it fails to sustain above 1750 for a target of 1500.



SBI (spot)

The crucial level for the short term for this scrip is 1250. If it fails to sustain above 1250, then it is likely to turn bearish and in the down side it could test 1000 in coming trading sessions.

Instead, if it sustains above 1250, then the short term trend would turn bullish and in the upper side it is likely to move towards 1360.


Trading Strategy for SBI

For Intraday, the crucial level is 1250. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1250 for a target of 1000. And initiate longs if it sustains above 1250 for a target of 1360.



Ongc (spot)

The level 850 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 890.

If it fails to sustain above 850, then the trend would turn bearish and in the downside it is likely to decline towards 800 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 850. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 850 for a target of 800. Initiate longs if it sustains above 850 for a target of 890.





Icici Bank (spot)

The level 440 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 480.

Instead, if it fails to sustain above 440, the short term trend would turn bearish and in the downside it is likely to decline towards 360 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 440. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 440 for a target of 360. Initiate longs if it sustains above 440 for a target of 480.




Rcom (spot)

The crucial level for the scrip in the short term is 215. The trend would remain bearish for this scrip if it sustains below 215 and in the down side, it could test 170 initially.

If the scrip sustains above 215, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 250.


Trading Strategy for Rcom

For intraday, the crucial level is 215. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 215 in the upside for a target of 250. Short if it fails to sustain above 215 for a target of 170.

 

[sathiamoorthyd]

D Sathia Moorthy
May 13, 2009

Nifty (spot) 3681.10



Nifty Intraday trading levels and range

Today, if Nifty trades above 3650, then it could test 3720 and above this level, it could test 3800.

Instead, if it sustains below 3640, then it could test 3600.



Nifty intraday Trading Strategy

For intraday, the crucial level is 3640. 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 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3800 with a stop at 3600.



Short term Technical View of Nifty


The rally from the low of 2545 seems to corrective and it is likely to top out around 3800 and in the downside it is likely to test 2900 initially in coming trading sessions.






Medium term outlook of Nifty dated on 13 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3800. 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 1920 is crucial for short term. If it sustains above 1920, then it is likely to rally towards 2050.

Instead, if it fails to sustain above 1920 in coming trading sessions, then it is likely to turn weak and it could decline towards 1820 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1940. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1920 for a target of 2050. Initiate shorts if it fails to sustain above 1920 for a target of 1820.



SBI (spot)

The crucial level for the short term for this scrip is 1300. If it fails to sustain above 1300, then it is likely to turn bearish and in the down side it could test 1150 in coming trading sessions.

Instead, if it sustains above 1300, then the short term trend would turn bullish and in the upper side it is likely to move towards 1400.


Trading Strategy for SBI

For Intraday, the crucial level is 1300. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1300 for a target of 1150. And initiate longs if it sustains above 1300 for a target of 1350.



Ongc (spot)

The level 880 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 930.

If it fails to sustain above 880, then the trend would turn bearish and in the downside it is likely to decline towards 750 initially.


Trading Strategy for Ongc


For intraday, the crucial level is 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.





Icici Bank (spot)

The level 545 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 600.

Instead, if it fails to sustain above 545, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 545. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 545 for a target of 450. Initiate longs if it sustains above 545 for a target of 600.




Infosys (spot)

The crucial level for the scrip in the short term is 1580. The trend would remain bearish for this scrip if it sustains below 1580 and in the down side, it could test 1400 initially.

If the scrip sustains above 1580, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1650.


Trading Strategy for Infosys

For intraday, the crucial level is 1580. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 1500 in the upside for a target of 1600. Short if it fails to sustain above 1500 for a target of 1400.

 

[sathiamoorthyd]

July 14, 2009

Nifty Short term Chart

Nifty Long term Chart

Nifty (spot) 3976.35



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4010, then it could test 3950 and below that level it could test 3900.

Instead, if Nifty trades above 4010, then it could test 4060.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4010. 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 4250 for a target of 3600 with a stop at 4350 and trade long above 4350 for a target of 4650 with a stop at 4250.



Short term Technical View of Nifty


Nifty is likely to test 3600 initially in the downside, if it fails to move above 4250 in coming trading sessions.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year to 2 years 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 1800 is crucial for short term. If it sustains above 1800, then it is likely to rally towards 1870.

Instead, if it fails to sustain above 1800 in coming trading sessions, then it is likely to turn weak and it could decline towards 1600 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1800. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1800 for a target of 1870. Initiate shorts if it fails to sustain above 1800 for a target of 1600.



SBI (spot)

The crucial level for the short term for this scrip is 1590. If it fails to sustain above 1590, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.

Instead, if it sustains above 1590, then the short term trend would turn bullish and in the upper side it is likely to move towards 1650.


Trading Strategy for SBI

For Intraday, the crucial level is 1590. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1590 for a target of 1400. And initiate longs if it sustains above 1590 for a target of 1650.



Rcom (spot)

The level 250 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 280.

If it fails to sustain above 250, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 250. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 250 for a target of 200. Initiate longs if it sustains above 250 for a target of 280.





Icici Bank (spot)

The level 660 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 700.

Instead, if it fails to sustain above 660, the short term trend would turn bearish and in the downside it is likely to decline towards 550 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 660 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 660 for a target of 550. Initiate longs if it sustains above 660 for a target of 700.




Tata Steel (spot)

The crucial level for the scrip in the short term is 355. The trend would remain bearish for this scrip if it sustains below 355 and in the down side, it could test 300 initially.

If the scrip sustains above 355 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 Tata Steel

For intraday, the crucial level is 355. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 355 in the upside for a target of 380. Short if it fails to sustain above 355 for a target of 300.




Disclaimer:
Readers must be advised that while the information herein is expressed in good faith, its accuracy is not guaranteed. There is always the risk of loss while trading for which the Author is not responsible. The views expressed in the newsletter are just an analysis based on Technical analysis and it should not be construed as an offer for buy or sell. Anyone trading based on the recommendations are doing so at their own risk and the Author is not responsible for any financial loss arising out of it.

 

[sathiamoorthyd]

D Sathia Moorthy

July 29, 2009

Nifty (spot) 4564.10



Nifty Intraday trading levels and range


Today, if Nifty sustains below 4555, then it could test 4490 and below that level, it could test 4450.

Instead, if Nifty trades above 4555, then it could test 4630.



Nifty intraday Trading Strategy

For intraday, the crucial level is 4555. 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 4600 for a target of 3900 with a stop at 4700 and trade long above 4600 for a target of 4700 with a stop at 4600.



Short term Technical View of Nifty


Nifty is likely to test 3900 initially in the downside, if it fails to move above 4600 in coming trading sessions. And if it trades above 4600, then it could test 4700 levels.

The rally from the low of 2545 seems to corrective and it is likely to top out around 4650. Initially it is likely to test 3600 in the downside.






Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 4650. 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 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 1 year, if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 2 years to bottom out.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 1890 is crucial for short term. If it sustains above 1890, then it is likely to rally towards 1990.

Instead, if it fails to sustain above 1890 in coming trading sessions, then it is likely to turn weak and it could decline towards 1800 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1890. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1890 for a target of 1990. Initiate shorts if it fails to sustain above 1890 for a target of 1800.



SBI (spot)

The crucial level for the short term for this scrip is 1700. If it fails to sustain above 1725, then it is likely to turn bearish and in the down side it could test 1400 in coming trading sessions.

Instead, if it sustains above 1700, then the short term trend would turn bullish and in the upper side it is likely to move towards 1790.


Trading Strategy for SBI

For Intraday, the crucial level is 1700. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1700 for a target of 1400. And initiate longs if it sustains above 1700 for a target of 1790.



Rcom (spot)

The level 280 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 300.

If it fails to sustain above 280, then the trend would turn bearish and in the downside it is likely to decline towards 200 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 280. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 280 for a target of 200. Initiate longs if it sustains above 280 for a target of 300.





Icici Bank (spot)

The level 750 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 800.

Instead, if it fails to sustain above 750, the short term trend would turn bearish and in the downside it is likely to decline towards 700 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 750 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 750 for a target of 700. Initiate longs if it sustains above 750 for a target of 800.




Tata Steel (spot)

The crucial level for the scrip in the short term is 445. The trend would remain bearish for this scrip if it sustains below 445 and in the down side, it could test 400 initially.

If the scrip sustains above 445 then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 490.


Trading Strategy for Tata Steel

For intraday, the crucial level is 445. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 445 in the upside for a target of 490. Short if it fails to sustain above 445 for a target of 400.





Disclaimer:
Readers must be advised that while the information herein is expressed in good faith, its accuracy is not guaranteed. There is always the risk of loss while trading for which the Author is not responsible. The views expressed in the newsletter are just an analysis based on Technical analysis and it should not be construed as an offer for buy or sell. Anyone trading based on the recommendations are doing so at their own risk and the Author is not responsible for any financial loss arising out of it.

 

[ramesh innani]

VERY USEFUL.....Try two days low sell ... &.... Two days high buy nifty... Target 100 points each trade....backtest the results...work hard... Atleast 4 hours a day......try options..the only way to earn ..... Do paper work first then trade..cofirm result first....... And publsh.

 

[sathiamoorthyd]

D Sathia Moorthy

November 18, 2009

Nifty (spot) 5053.05



Nifty Intraday trading levels and range


Today, if Nifty sustains below 5040, then it could test 4980 and below that level, it could test 4940.

Instead, if Nifty trades above 5040, then it could test 5080 and above that level it could test 5110.



Nifty is likely to form a lower top below 5180. The next crucial level is 5080 to 5110.





Nifty intraday Trading Strategy

For intraday, the crucial level is 5040. 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 4960 for a target of 4500 with a stop at 4960 and trade long above 4960 for a target of 5080 with a stop at 4960.



Short term Technical View of Nifty


Nifty is likely to test 4500 initially in the downside, if it fails to move above 4960 in coming trading sessions. And if it trades above 4960, then it could test 5080 levels.




Medium term outlook of Nifty dated on 20 May 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. 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 30 June 2009

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.





Short term trading calls of Stocks for spot market



Reliance (spot)

The level 2100 is crucial for short term. If it sustains above 2100, then it is likely to rally towards 2180.

Instead, if it fails to sustain above 2100 in coming trading sessions, then it is likely to turn weak and it could decline towards 1900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 2130. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 2100 for a target of 2180. Initiate shorts if it fails to sustain above 2100 for a target of 1900.



SBI (spot)

The crucial level for the short term for this scrip is 2380. If it fails to sustain above 2380, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.

Instead, if it sustains above 2380, then the short term trend would turn bullish and in the upper side it is likely to move towards 2450.


Trading Strategy for SBI

For Intraday, the crucial level is 2380. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 2380 for a target of 2050. And initiate longs if it sustains above 2350 for a target of 2450.



Rcom (spot)

The level 185 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 195.

If it fails to sustain above 185, then the trend would turn bearish and in the downside it is likely to decline towards 130 initially.


Trading Strategy for Rcom


For intraday, the crucial level is 173. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 185 for a target of 130. Initiate longs if it sustains above 185 for a target of 195.





Icici Bank (spot)

The level 905 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 930.

Instead, if it fails to sustain above 905, the short term trend would turn bearish and in the downside it is likely to decline towards 830 initially.



Trading Strategy for Icici Bank

For intraday, the crucial level is 930 . Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 905 for a target of 830. Initiate longs if it sustains above 905 for a target of 930.




Tata Steel (spot)

The crucial level for the scrip in the short term is 535. The trend would remain bearish for this scrip if it sustains below 535 and in the down side, it could test 450 initially.

If the scrip sustains above 535, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 555.


Trading Strategy for Tata Steel

For intraday, the crucial level is 535. Trade long above this level and be short below this level.

Positional traders can initiate longs if the scrip sustains above 535 in the upside for a target of 555. Short if it fails to sustain above 535 for a target of 450.

 

[sathiamoorthyd]

For the past six months, Nifty is trading in between a contracting triangle. The edge of the triangle falls at february 2010. So, it is likely to break the triangle around february 2010. Till that time, Nifty is likely to trade in a tight range between 5100 and 5400.