Sell Nifty Futures with 20 points stop

Thanks
Subrata

D Sathia Moorthy

December 04, 2008

Nifty (spot) 2656.45



Nifty Intraday trading levels

Today, if Nifty trades above 2680, then it could test 2720. Instead, if it trades below 2620, then it could test 2500.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2680. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2720 for a target of 2200 with a stop at 2925 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1085 is crucial for this scrip for the short term. If it sustains above 1085, then it is likely to rally towards 1140.

Instead, if it fails to sustain above 1085 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1085. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1085 for a target of 1140. Initiate shorts if it fails to sustain above 1085 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1130. If it fails to sustain above 1130, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1130, 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 1105. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1130 for a target of 900. And initiate longs if it sustains above 1130 for a target of 1200.



Infosys (spot)

The level 1200 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 1200, 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 1175. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1280.





Acc (spot)

The level 420 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 470.

Instead, if it fails to sustain above 420, the short term trend would turn bearish and in the downside it is likely to decline towards 350 initially.



Trading Strategy for Acc

For intraday, the crucial level is 406. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 420 for a target of 350. Initiate longs if it sustains above 420 for a target of 470.




Bharti Airtel (spot)

The crucial level for the scrip in the short term is 700. The trend would remain bearish for this scrip if it sustains below 700 and in the down side, it could test 550 initially.

If the scrip sustains above 700, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 750.


Trading Strategy for Bharti Airtel

For intraday, the crucial level is 655. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 700 is broken in the upside for a target of 750. Short if it fails to sustain above 700 for a target of 550.

D Sathia Moorthy

December 05, 2008


Nifty (spot) 2788.80



Nifty Intraday trading levels

Today, if Nifty trades above 2805, then it could test 2850. Instead, if it trades below 2805, then it could test 2720 and below this level it could test 2620.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2805. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2720 for a target of 2200 with a stop at 2925 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1210 is crucial for this scrip for the short term. If it sustains above 1210, then it is likely to rally towards 1280.

Instead, if it fails to sustain above 1210 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1135. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1210 for a target of 1280. Initiate shorts if it fails to sustain above 1210 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1190. If it fails to sustain above 1190, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1190, then the short term trend would turn bullish and in the upper side it is likely to move towards 1260.


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 1190 for a target of 900. And initiate longs if it sustains above 1190 for a target of 1260.



Infosys (spot)

The level 1200 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 1200, 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 1200. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1280.





HCL tech (spot)

The level 130 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 130, the short term trend would turn bearish and in the downside it is likely to decline towards 90 initially.



Trading Strategy for HCL Tech

For intraday, the crucial level is 123. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 130 for a target of 90. Initiate longs if it sustains above 130 for a target of 150.




HDFC Bank (spot)

The crucial level for the scrip in the short term is 950. The trend would remain bearish for this scrip if it sustains below 950 and in the down side, it could test 750 initially.

If the scrip sustains above 950, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1020.


Trading Strategy for Hdfc Bank

For intraday, the crucial level is 890. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 940 is broken in the upside for a target of 1020. Short if it fails to sustain above 940 for a target of 750.

Thanks Sir,
How do you predict so correctly,what software or method do you use.
Thanks once again
Subrata

Hi Subrata,

I am not using any software. My prediction is based on price pattern analysis.

Sathiamoorthy

sir can u tell some more about price pattern analysis
thnx in advance

D Sathia Moorthy


December 08, 2008


Nifty (spot) 2714.40



Nifty Intraday trading levels

Today, if Nifty trades above 2760, then it could test 2850. Instead, if it trades below 2760, then it could test 2670 and below this level, it could test 2600.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2760. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2760 for a target of 2500 with a stop at 2925 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1140 is crucial for this scrip for the short term. If it sustains above 1140, then it is likely to rally towards 1210.

Instead, if it fails to sustain above 1140 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1140. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1140 for a target of 1210. Initiate shorts if it fails to sustain above 1140 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1190. If it fails to sustain above 1190, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1190, then the short term trend would turn bullish and in the upper side it is likely to move towards 1260.


Trading Strategy for SBI

For Intraday, the crucial level is 1160. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1190 for a target of 900. And initiate longs if it sustains above 1190 for a target of 1260.



Dr Reddy (spot)

The level 500 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 570.

If it fails to sustain above 500, then the trend would turn bearish and in the downside it is likely to decline towards 1000 initially.


Trading Strategy for Dr Reddy

For intraday, the crucial level is 465. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 500 for a target of 400. Initiate longs if it sustains above 500 for a target of 570.





Tata steel (spot)

The level 210 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 250.

Instead, if it fails to sustain above 210, the short term trend would turn bearish and in the downside it is likely to decline towards 140 initially.



Trading Strategy for Tata Steel

For intraday, the crucial level is 177. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 210 for a target of 140. Initiate longs if it sustains above 210 for a target of 250.




M&M (spot)

The crucial level for the scrip in the short term is 275. The trend would remain bearish for this scrip if it sustains below 275 and in the down side, it could test 200 initially.

If the scrip sustains above 275, 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 M&M

For intraday, the crucial level is 260. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 940 is broken in the upside for a target of 1020. Short if it fails to sustain above 940 for a target of 750.

D Sathia Moorthy

December 10, 2008


Nifty (spot) 2784.00



Nifty Intraday trading levels

Today, if Nifty trades below 2810, then it could test 2720 and below this level it could test 2680. Instead, if it trades above 2810, then it could test 2850.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2810. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2810 for a target of 2500 with a stop at 2925 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty


The level 2900 is crucial in the short term. As long as it stays below this level, it is likely to decline to 2000 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.


The level 2000, is crucial for short term in the downside. If the level is held a short term bottom is possible. If not, Nifty is likely to decline further steeply.



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 1180 is crucial for this scrip for the short term. If it sustains above 1180, then it is likely to rally towards 1250.

Instead, if it fails to sustain above 1180 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1100. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1180 for a target of 1250. Initiate shorts if it fails to sustain above 1180 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1190. If it fails to sustain above 1190, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1190, then the short term trend would turn bullish and in the upper side it is likely to move towards 1260.


Trading Strategy for SBI

For Intraday, the crucial level is 1175. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1190 for a target of 900. And initiate longs if it sustains above 1190 for a target of 1260.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, 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 1170. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Divis Lab (spot)

The level 1270 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 1350.

Instead, if it fails to sustain above 1270, the short term trend would turn bearish and in the downside it is likely to decline towards 1100 initially.



Trading Strategy for Divis Lab

For intraday, the crucial level is 1225. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 1270 for a target of 1100. Initiate longs if it sustains above 1270 for a target of 1350.




Hero Honda (spot)

The crucial level for the scrip in the short term is 820. The trend would remain bearish for this scrip if it sustains below 820 and in the down side, it could test 700 initially.

If the scrip sustains above 820, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 870.


Trading Strategy for Hero Honda

For intraday, the crucial level is 800. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 820 is broken in the upside for a target of 870. Short if it fails to sustain above 820 for a target of 700.

D Sathia Moorthy

December 10, 2008

Nifty (spot) 2928.25



Nifty Intraday trading levels

Today, if Nifty trades above 2900, then it could test 3000 and above this level it could test 3050. Instead, if it trades below 2900, then it could test 2850 and below this level it could test 2750.



Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2900. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 3050 for a target of 2500 with a stop at 3100 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty

The level 2850 is crucial in the short term in the downside. If it sustains above this level then it is likely to test 3050.

The level 3050 is crucial in the short term in the upside. As long as it stays below this level, it is likely to decline to 2500 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.





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 1270 is crucial for this scrip for the short term. If it sustains above 1270, then it is likely to rally towards 1350.

Instead, if it fails to sustain above 1270 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1270. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1270 for a target of 1350. Initiate shorts if it fails to sustain above 1270 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1260. If it fails to sustain above 1260, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1260, then the short term trend would turn bullish and in the upper side it is likely to move towards 1320.


Trading Strategy for SBI

For Intraday, the crucial level is 1175. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1260 for a target of 900. And initiate longs if it sustains above 1260 for a target of 1320.



Infosys (spot)

The level 1200 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 1250.

If it fails to sustain above 1200, 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 1180. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1200 for a target of 1000. Initiate longs if it sustains above 1200 for a target of 1250.





Rpl (spot)

The level 82 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 95.

Instead, if it fails to sustain above 82, the short term trend would turn bearish and in the downside it is likely to decline towards 40 initially.



Trading Strategy for Rpl

For intraday, the crucial level is 78. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 82 for a target of 95. Initiate longs if it sustains above 82 for a target of 95.




Satyam Computers (spot)

The crucial level for the scrip in the short term is 250. The trend would remain bearish for this scrip if it sustains below 250 and in the down side, it could test 190 initially.

If the scrip sustains above 250, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 280.


Trading Strategy for Satyam Computers

For intraday, the crucial level is 230. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 250 is broken in the upside for a target of 280. Short if it fails to sustain above 250 for a target of 190.

D Sathia Moorthy

December 12, 2008

Nifty (spot) 2920.15



Nifty Intraday trading levels

Today, if Nifty fails to trade above 2950, then it could test 2850 and below this level it could test 2740. Instead, if it trades above 2950, then it could test 3000.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 2950. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 2850 for a target of 2500 with a stop at 2950 and trade long above 2850 for a target of 3050 with a stop at 2780.



Short term Technical View of Nifty

The level 2850 is crucial in the short term in the downside. If it sustains above this level then it is likely to test 3050.

The level 3050 is crucial in the short term in the upside. As long as it stays below this level, it is likely to decline to 2500 initially.

The recent rally from the low of 2250 seems to be corrective and it seems it has peaked out. Now it is likely to decline below 2250 in coming trading sessions.





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 1310 is crucial for this scrip for the short term. If it sustains above 1310, then it is likely to rally towards 1350.

Instead, if it fails to sustain above 1310 in coming trading sessions, then it is likely to turn weak and it could decline towards 900 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1310. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it moves above 1310 for a target of 1350. Initiate shorts if it fails to sustain above 1310 for a target of 900 initially.



SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 900 in coming trading session.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1300.


Trading Strategy for SBI

For Intraday, the crucial level is 1205. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 900. And initiate longs if it sustains above 1230 for a target of 1300.



Infosys (spot)

The level 1170 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 1250.

If it fails to sustain above 1170, 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 1145. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 1170 for a target of 1000. Initiate longs if it sustains above 1170 for a target of 1250.





Rcom (spot)

The level 245 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 280.

Instead, if it fails to sustain above 245, the short term trend would turn bearish and in the downside it is likely to decline towards 180 initially.



Trading Strategy for RCom

For intraday, the crucial level is 245. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 245 for a target of 480. Initiate longs if it sustains above 245 for a target of 280.




Reliance capital (spot)

The crucial level for the scrip in the short term is 520. The trend would remain bearish for this scrip if it sustains below 520 and in the down side, it could test 400 initially.

If the scrip sustains above 520, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 580.


Trading Strategy for Reliance Capital

For intraday, the crucial level is 500. Trade long above this level and be short below this level.

Positional traders can initiate longs if the level 520 is broken in the upside for a target of 580. Short if it fails to sustain above 520 for a target of 400.