*Nifty (spot) 3513.65* * *
* * *Nifty Intraday trading levels* * * Today, if Nifty trades below 3450, then it could test 3300. Instead, if it trades above 3450, then it could test 3600. *Nifty Trading Strategy for intraday and positional trading* * * For intraday, the crucial level is 3450. Trade short below this level and trade long above this level. Positional traders can initiate longs if it sustains above 3450 for a target of 3800. Trade short below 3450 for a target of 3200. * * * * * * *Short term Technical View of Nifty* The level 3500-3550 is crucial for the short term. If Nifty moves above this level, then it is likely to rally from these levels to 3800 initially. Instead, if it fails to sustain above 3500-3550, then a decline to 3200 levels is likely and a move below 3450 would confirm the downside target. *Medium term outlook of Nifty dated on 10 October 2008* * * The medium term outlook of Nifty would remain bearish if it fails to sustain above 3500-3550 and in the downside it has potential of testing 3000 initially. *Long term outlook of Nifty dated on 10 October 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 bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 2700. *Short term trading calls of Stocks for spot market* * * * * * * *Reliance* The level 1700 is crucial for this scrip for the short term. If it sustains above 1700, then it is likely to rally towards 1900 initially. Instead, if it fails to sustain above 1700 in coming trading sessions, then it is likely to turn bearish and it could decline towards 1400.** * * *Trading Strategy for Reliance* * * For intraday, the crucial level is 1635. Trade long above this level and trade short below this level. Positional traders can initiate longs if it moves above 1700 for a target of 1900. Initiate shorts if it fails to sustain above 1700 for a target of 1400. *Abb* The crucial level for the short term for this scrip is 650. If it sustains above 650, then it is likely to turn bullish and in the upper side it could test 800 in coming trading sessions. Instead, if it fails to sustain above 650, then the short term trend would turn bearish and in the downside it is likely to decline towards 500.** * * *Trading Strategy for Abb* * * For Intraday, the crucial level is 650. Trade long above this level and trade short below this level. Positional traders can initiate longs if it fails to move below 650. And initiate shorts if it sustains below 650. *Acc* The level 545 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 640. If it fails to sustain above 545, then the trend would turn bearish and in the downside it is likely to decline towards 460. * * * * *Trading Strategy for Acc* * * For intraday, the crucial level is 560. Trade long above this level and be short below this level. Positional traders can initiate longs if it fails to move below 545. Initiate shorts if it fails to sustain above 545 for a target of 460. *Tata Steel* The level 300 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 400. Instead, if it fails to trade above 300, the short term trend would turn bearish and in the downside it is likely to decline towards 240. * * * * *Trading Strategy for Tata Steel* * * For intraday, the crucial level is 330. Trade long above this level and be short below this level. Positional traders can initiate shorts if the scrip fails to sustain above 300. Initiate longs if it fails to move below 300. *Tata Motors* The crucial level for the scrip in the short term is 300. The trend would remain bearish for this scrip if it sustains below 300 and in the down side, it could test 250. If the level 300 is not violated in the short term, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 430 initially. * * *Trading Strategy for Tata Motors * For intraday, the crucial level is 300. Trade long above this level and be short below this level. Positional traders can initiate longs if the level 300 is held in coming trading sessions. Short if it fails to sustain above 300 for a target of 250. 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 -~----------~----~----~----~------~----~------~--~---
