*Nifty (spot) 3043.85* * *
* * *Nifty Intraday trading levels* * * Today, if Nifty trades below 3100, then it could test 3000 and below 3000, it could test 2920. Instead, if it sustains below 3100, then it could test 3150. *Nifty Trading Strategy for intraday and positional trading* * * For intraday, the crucial level is 3100. Trade short below this level and trade long above this level. Positional traders can initiate shorts if it fails to sustain above 3100 for a target of 2500 and trade long above 3100 for a target of 3250. * * * * * * *Short term Technical View of Nifty* The level 3100 is crucial in the short term. Nifty is likely to top out around 3100 level with a downside target of 2500 initially. Instead, if it trades above 3100, then it could test 3200-3300, from where it is likely to decline towards 2500. *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 this scrip for the short term. If it sustains above 1500, then it is likely to rally towards 1700. Instead, if it fails to sustain above 1500 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 1450. 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 1700. Initiate shorts if it fails to sustain above 1500 for a target of 1000 initially. *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 1000 in coming trading session. 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 1390. * * *Trading Strategy for Sbi* * * For Intraday, the crucial level is 1240. 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 1000. And initiate longs if it sustains above 1300 for a target of 1390. *RPL (spot)* The level 95 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 105. If it fails to sustain above 95, then the trend would turn bearish and in the downside it is likely to decline towards 65 initially. * * * * *Trading Strategy for RPL* * * For intraday, the crucial level is 95. Trade long above this level and be short below this level. Positional traders can initiate shorts if it fails to sustain above 95 for a target of 65. Initiate longs if it sustains above 95 for a target of 105. *Satyam (spot)* The level 340 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 340, the short term trend would turn bearish and in the downside it is likely to decline towards 200 initially. * * * * *Trading Strategy for Satyam* * * For intraday, the crucial level is 295. Trade long above this level and be short below this level. Positional traders can initiate shorts if the scrip fails to sustain above 340 for a target of 200. Initiate longs if it sustains above 340 for a target of 390. *Bharti Airtel (spot)* The crucial level for the scrip in the short term is 720. The trend would remain bearish for this scrip if it sustains below 720 and in the down side, it could test 500 initally. If the scrip sustains above 720, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 800. * * *Trading Strategy for Bharti Airtel* For intraday, the crucial level is 680. Trade long above this level and be short below this level. Positional traders can initiate longs if the level 720 is broken in the upside for a target of 800. Short if it fails to sustain above 720 for a target of 500. www.sathiamoorthy.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. 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