*Nifty (spot) 4072.90* * *
* * *Nifty Intraday trading levels* * * Today, if Nifty trades below 3950, then it could test 3850. Instead, if it sustains above 3950, then it could test 4000 and above 4000, it could test 4100. *Nifty Trading Strategy for intraday and positional trading* * * For intraday, the crucial level is 3950. Trade short below this level and trade long above this level. Positional traders can initiate shorts 3950 with a stop at 4000. * * * * * * *Short term Technical View of Nifty* Now, the level 4200 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. The level 3950 is crucial in the downside. A move below 3950 would confirm further downside. Instead, if it fails to move below 3950 level, then it could rally from that levels. ** * * *Extreme Short term technical view of Nifty* * * In the extreme short term, the level 3950 is crucial. * * *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* * * * * * * *Reliance* The level 1950 is crucial in the short term for this scrip. If it moves above this level, then it is likely to rally further. Instead, if it fails to move above 1950, then in the downside it has potential of testing 1700. * * * * *Trading Strategy for Reliance* * * For intraday, the crucial level is 1850. Trade long above this level and trade short below this level. Positional traders can initiate shorts below 1850 with a stop at 1880. *SBI* The crucial level for the short term for this scrip is 1440. If it sustains above this level, then it is likely to turn bullish and it is likely to rally towards 1550 in coming weeks. Instead, if it moves below 1440, then the short term trend would turn bearish and in the downside it is likely to decline towards 1300.** * * *Trading Strategy for SBI* * * For Intraday, the crucial level is 1440. Trade long above this level and trade short below this level. Positional traders can initiate shorts below 1440 with a stop at 1480 for a target of 1300. *Acc* The level 540 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 630. If it fails to sustain above 540, trend would remain bearish and in the downside it is likely to decline towards 470. * * * * *Trading Strategy for Acc* * * For intraday, the crucial level is 570. Trade long above this level and be short below this level. Positional traders can initiate shorts if it moves below 540 with a stop at 580. *Bank of Baroda* The level 285 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. Instead, if it trades below 285, the short term trend would turn bearish and in the downside it is likely to decline towards 260. * * * * *Trading Strategy for Bob* * * For intraday, the crucial level is 295. Trade long above this level and be short below this level. Positional traders can initiate longs if the level 285 is held. Short below this level with a stop 295 for a target of 260. *Bharti Airtel* The crucial level for the scrip in the short term is 690 in the downside and 790 in the upside. If it sustains above 690, then it is likely turn bullish. Instead, if it trades below 690, the short term trend would turn bearish and in the downside it is likely to decline towards 620. * * * * *Trading Strategy for Bharti* * * For intraday, the crucial level is 750. Trade long above this level and be short below this level. Positional traders can initiate longs on declines towards 690. Short if it fails to move above 790. 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 -~----------~----~----~----~------~----~------~--~---
