*Nifty (spot) 4468.70* * *
* * *Nifty Intraday trading levels* * * Today, if Nifty trades below 4445, then it could test 4380. Instead, if it sustains above 4445, then it could test 4530. *Nifty Trading Strategy for intraday and positional trading* * * For intraday, the crucial level is 4445. Trade long above this level and be short below this level for a target of 4380. Positional traders can initiate longs on decline towards 4380 with a stop at 4340 for a target of 4700. * * * * * * *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 4350 is crucial. If Nifty sustains above this level, then it is likely to rally towards 4700. * * *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 for spot market* * * * * * * *Rcom* The short term trend of this scrip is looking bullish and it is likely to test 440 in the short term and this view holds good as long as it sustains above 380. On contrary, if it trades below 380, the short term trend would turn bearish and in the downside it is likely to decline towards 350. * * * * *Trading Strategy for Rcom* * * For intraday, the crucial level is 399. Trade long above this level and trade short below this level. Positional traders can initiate longs on declines with a stop at 380 for a target of 440. *Voltas* The short term trend of this scrip is looking bullish and it is likely to test 160 in the short term and this view holds good as long as it sustains above 124. On contrary, if it moves below 124, then the short term trend would turn bearish and in the downside it is likely to decline towards 112.** * * *Trading Strategy for Voltas* * * For Intraday, the crucial level is 131. Trade long above this level and trade short below this level. Positional traders can initiate longs with a stop at 124 for a target of 160 . *Reliance* The short term trend of this scrip is looking bullish and it is likely to test 2300 in the short term and this view holds good as long as it sustains above 2060. On contrary, if it trades below 2060, the short term trend would turn bearish and in the downside it is likely to decline towards 1950. * * * * *Trading Strategy for Reliance* * * For intraday, the crucial level is 2100. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 2060. *Reliance Capital* The short term trend of this scrip is looking bullish and it is likely to test 1450 in the short term and this view holds good as long as it sustains above 1290. On contrary, if it trades below 1290, the short term trend would turn bearish and in the downside it is likely to decline towards 1200. * * * * *Trading Strategy for Reliance Capital* * * For intraday, the crucial level is 1345. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 1290 for a target of 1450. *RPL* The short term trend of this scrip is looking bullish and it is likely to test 180 in the short term and this view holds good as long as it sustains above 150. On contrary, if it trades below 150, the short term trend would turn bearish and in the downside it is likely to decline towards 140. * * * * *Trading Strategy for SBI* * * For intraday, the crucial level is 159. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 150. 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 -~----------~----~----~----~------~----~------~--~---
