Short term Technical View of Nifty Now, Nifty is likely to rally towards 4600 by this month end and this view holds good as long as Nifty stays above 4200. Instead, if it fails to hold above 4200 level, then it could decline towards 4000 in coming trading sessions.
Extreme Short term technical view of Nifty In the extreme short term, the level 4280 is crucial. If Nifty sustains above this level, the trend would remain bullish. Nifty Intraday trading levels Today, if Nifty trades below 4325, then it could test 4280. Instead, if it sustains above 4325, then it could test 4380. Trading Strategy for Nifty For intraday, the crucial level is 4280. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 4200. 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 2050. Below 2050, 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 2120. Trade long above this level and be short below this level. Positional traders can initiate longs on declines with a stop at 2050. Tisco The short term trend of this scrip is looking bullish and it is likely to test 650 in the short term and this view holds good as long as it sustains above 580. In contrary, if it moves below 580, then the short term trend would turn bearish and in the downside it is likely to decline towards 540. Trading Strategy for Tisco The crucial level is 580. Trade long above this level and be short below this level. http://www.sathiamoorthy.com -- Posted By Ronald Chisley to Investor Forums at 9/01/2008 09:37:00 AM --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
