Sunday, December 21, 2014

Long term Outlook of Infosys - 21 December 2014

Infosys saw major corrections in 2000-2003 and 2007-2008. The correction after 2009-2010 rally was a less deeper one. The entire movement after 2000 high seems to be a running triangle.


Running triangle are bullish pattern and also they presage a big bull market. The running triangle seems to have terminated at 2013 and presently, the scrip is in new bull market since 2013.


The rally in this scrip is likely to pick up momentum in coming months and the rally is likely to continue for another 2 to 3 years.  In coming months, the scrip is likely to rally towards 3000 initially.

Friday, December 19, 2014

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 December 2014

Today, 8260 is the crucial intraday level for Nifty.
If Nifty sustains below 8260, then it could test 8200 and below that level it could test 8160.
Instead, if Nifty trades above 8260, then it could test 8320.



Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 19 December 2014

Today, 8275 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 8275, then it could test 8215 and below that level it could test 8175
Instead, if Nifty futures trades above 8275, then it could test 8335.


Sensex - Technical Outlook and Trading Levels, 19 December 2014

Today, 27400 is the crucial intraday level for Sensex.
If Sensex sustains below 27400, then it could test 27300 and below that level it could test 27100.
Instead, if Sensex trades above 27400, then it could test 27600.


Technical View of Cnx IT & Bank Nifty, 19 December 2014

Bank Nifty Intraday levels and trading tips
Today, 18400 is crucial for Intraday.
If Bank Nifty sustains below 18400 then it could test 18300 and below that level it could test 18100.
Instead, if Bank Nifty trades above 18400, then it could test 18650.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 19 December 2014

Reliance


Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 920. Trade short below 885 for a target of 870.




Thursday, December 18, 2014

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 December 2014

Today, 8150 is the crucial intraday level for Nifty.
If Nifty sustains below 8150, then it could test 8080 and below that level it could test 8030.
Instead, if Nifty trades above 8150, then it could test 8230.