D Sathia Moorthy *Nifty (spot) 4482.30* **
** *Short term Technical View of Nifty* Now, Nifty is likely to rally towards 4700 by this month end and the next short term correction is likely to occur around 4700 level. This view holds good as long as Nifty stays above 4350. Instead, if it fails to hold above 4350 level, then it could decline towards 4200. ** ** *Extreme Short term technical view of Nifty* * * In the extreme short term, the level 4570 is crucial. If Nifty sustains above this level, then it is likely to rally towards 4700. If not it is likely to trade between 4570 and 4450 for few trading sessions before moving towards 4700. ** ** *Nifty Intraday trading levels* * * Today, if Nifty trades above 4515, then it could test 4570 and above 4570, it could test 4600. Instead, if it fails to move above 4515, then it could test 4460. *Trading Strategy for Nifty* * * For intraday, the crucial level is 4515. Trade long above this level and be short below this level. Positional traders can hold their longs if Nifty moves above 4570. If not, exit and re enter at lower levels with a stop at 4450. *Medium term outlook of Nifty dated on 02 July 2008* * * The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600. *Long term outlook of Nifty dated on 02 July 2008* * * The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600. *Short term trading calls of Stocks* ** ** *Bombay** Dyeing* The short term trend of this scrip is looking bullish and it is likely to test 700 in the short term and this view holds good as long as it sustains above 530. On contrary, if it trades below 530, the short term trend would turn bearish and in the downside it is likely to decline towards 450. ** ** ** *Trading Strategy for Bombay dyeing* * * For intraday, the crucial level is 583. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 530 for a target of 700. *Aban offshore* The short term trend of this scrip is looking bullish and it is likely to test 2500 in the short term and this view holds good as long as it sustains above 2270. The scrip is likely to see a short term correction around 2500-2550 level. On contrary, if it moves below 2270, then the short term trend would turn bearish and in the downside it is likely to decline towards 2100.** ** ** *Trading Strategy for Aban* * * For Intraday, the crucial level is 2350. Trade long above this level and trade short below this level. Positional traders can hold this scrip with a stop at 2270 for a target of 2500. *L&T* The short term trend of this scrip is looking bullish and it is likely to test 3000 in the short term and this view holds good as long as it sustains above 2680. On contrary, if it trades below 2680, the short term trend would turn bearish and in the downside it is likely to decline towards 2600. ** ** *Trading Strategy for L&T* * * For intraday, the crucial level is 2765. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 2680. *ICICI Bank* The short term trend of this scrip is looking bullish and it is likely to test 800 in the short term and this view holds good as long as it sustains above 680. On contrary, if it trades below 680, the short term trend would turn bearish and in the downside it is likely to decline towards 600. ** *Trading Strategy for Icici Bank* * * For intraday, the crucial level is 735. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 680 for a target of 800. *IFCI* The short term trend of this scrip is looking bullish and it is likely to test 55 in the short term and this view holds good as long as it sustains above 45. On contrary, if it trades below 45, the short term trend would turn bearish and in the downside it is likely to decline towards 40. ** *Trading Strategy for SBI* * * For intraday, the crucial level is 46. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 45. www.sathiamoorthy.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
