Nifty (spot) 5168.00
Nifty Intraday levels and range
Thursday, December 31, 2009
Nifty Futures-Trading levels and Short term Outlook, 31 December
Nifty Futures 5165.00
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Technical Outlook and Short term view of Sensex, 31 December
Sensex (spot) 17,396.00
Sensex Intraday levels and trading range
Technical Levels for Bank Nifty and Cnx IT,31 December
Bank Nifty (spot) 8988.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Trading Levels-Reliance, SBI, Icici Bank, Tata Steel, Axis Bank
Reliance
The level 1050 is crucial for short term. If it sustains above 1050, then it is likely to rally towards 1100.
The level 1050 is crucial for short term. If it sustains above 1050, then it is likely to rally towards 1100.
Technical view and short term outlook of Dow and Nasdaq
Dow 10545.05
Short term Technical Outlook of Dow
Short term Technical Outlook of Dow
Wednesday, December 30, 2009
Nifty Spot-Technical Outlook and Trading Levels for 30 December
Nifty (spot) 5187.95
Nifty Intraday levels and range
Nifty Intraday levels and range
Nifty Futures-Short term Outlook and Trading Levels, 30 Dec
Nifty Futures 5195.00
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Technical View of Sensex and Trading Levels, 30 December
Sensex (spot) 17,396.00
Sensex Intraday levels and trading range
Sensex Intraday levels and trading range
Technical Outlook and Short term Levels of Bank Nifty & CNX IT
Bank Nifty (spot) 8988.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Technical outlook and short term levels of Stocks
Reliance
The level 1050 is crucial for short term. If it sustains above 1050, then it is likely to rally towards 1100.
The level 1050 is crucial for short term. If it sustains above 1050, then it is likely to rally towards 1100.
Technical view and short term outlook of Dow and Nasdaq
Dow 10545.05
Short term Technical Outlook of Dow
Short term Technical Outlook of Dow
Tuesday, December 29, 2009
Technical Outlook and Short term View of Nifty, 29 December
Nifty (spot) 5175.00
Nifty Intraday levels and range
Nifty Intraday levels and range
Technical Outlook and Short term View of Nifty Futures, 29 Dec
Nifty Futures 4995.00
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Technical view and Short term Outlook of Sensex, 29 December
Sensex (spot) 16,689.00
Sensex Intraday levels and trading range
Sensex Intraday levels and trading range
Technical View of Bank Nifty and CNX IT, 29 December
Bank Nifty (spot) 8599.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Trading calls of Stocks for Spot Market, 29 December
Reliance
The level 1050 is crucial for short term. If it sustains above 1050, then it is likely to rally towards 1100.
The level 1050 is crucial for short term. If it sustains above 1050, then it is likely to rally towards 1100.
Technical view and short term outlook of Dow and Nasdaq
Dow 10464.05
Short term Technical Outlook of Dow
Short term Technical Outlook of Dow
Monday, December 28, 2009
Gold is Likely to start a Long Term Correction
The present bull run is likely to peak out with in few months. Going by the price pattern it seems, it is likely to be in the fifth wave in Elliott Wave Principle's terms.
Sentiment indicates that everybody is bullish on Gold, which is the right atmosphere for a peak.
Volumes have increased, indicating distribution is taking place.
The presented graph could give a clue of the future course of Gold.
Sunday, December 27, 2009
Technical Analysis Tutorials-Contracting Running Triangle
Running triangles are of two types. One is contracting running triangle and the other is expanding running triangle.
Contracting triangles normally occur before a big move in the upside.
Contracting triangles are followed by a straight line upmove or an expanding upmove.
Contracting triangle has five legs. The first leg is the most volatile and last leg is the least volatile leg. Normally, the final leg would taper off towards the end of the triangle.
Rising wedges are sometimes mistaken for running triangle. But both are different as far as the break out is concerned.
In a running triangle, the base line will not be violated. But in a rising wedge, the base line may be violated.
Contracting triangles normally occur before a big move in the upside.
Contracting triangles are followed by a straight line upmove or an expanding upmove.
Contracting triangle has five legs. The first leg is the most volatile and last leg is the least volatile leg. Normally, the final leg would taper off towards the end of the triangle.
Rising wedges are sometimes mistaken for running triangle. But both are different as far as the break out is concerned.
In a running triangle, the base line will not be violated. But in a rising wedge, the base line may be violated.
Wednesday, December 23, 2009
Technical Outlook - Nifty Intraday levels and range for 23 December
Nifty (spot) 4991.00
Nifty Intraday levels and range
Nifty Intraday levels and range
Nifty Futures short term view and Intraday Levels for 23 December
Nifty Futures 4995.00
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Technical Outlook and Short term view of Sensex, 23 december
Sensex (spot) 16,689.00
Sensex Intraday levels and trading range
Sensex Intraday levels and trading range
Technical View and Short term Outlook of Bank Nifty & Cnx IT
Bank Nifty (spot) 8599.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Technical View-Reliance, Axis Bank, SBI, Icici Bank and Tata Steel
Reliance
The level 1035 is crucial for short term. If it sustains above 1035, then it is likely to rally towards 1060.
The level 1035 is crucial for short term. If it sustains above 1035, then it is likely to rally towards 1060.
Technical view and short term outlook of Dow and Nasdaq
Dow 10464.05
Short term Technical Outlook of Dow
Short term Technical Outlook of Dow
Tuesday, December 22, 2009
Technical Outlook - Nifty Intraday levels and range for 22 December
Nifty Futures 4938.60
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Nifty Futures short term view and Intraday Levels for 22 December
Nifty Futures 4938.60
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Technical Outlook and Short term view of Sensex, 22 december
Sensex (spot) 16,578.00
Sensex Intraday levels and trading range
Sensex Intraday levels and trading range
Technical View and Short term Outlook of Bank Nifty & Cnx IT
Bank Nifty (spot) 8599.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Technical View of Reliance, Axis Bank, SBI, ICici Bank and Tata Steel
Reliance
The level 1035 is crucial for short term. If it sustains above 1035, then it is likely to rally towards 1060.
The level 1035 is crucial for short term. If it sustains above 1035, then it is likely to rally towards 1060.
Technical view and short term outlook of Dow and Nasdaq, 22 Dec
Dow 10414.05
Short term Technical Outlook of Dow
Short term Technical Outlook of Dow
Monday, December 21, 2009
Technical Outlook of Nifty and Intraday levels for 21 December
Nifty (spot) 4987.70
Nifty Intraday levels and range
Nifty Intraday levels and range
Nifty Futures Intraday Levels and Trading Range, 21 December
Nifty Futures 4985.00
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Sensex Intraday Outlook and Short term View, 21 December
Sensex (spot) 16,698.00
Sensex Intraday levels and trading range
Sensex Intraday levels and trading range
Technical view and Short term Outlook of Bank Nifty and Cnx IT
Bank Nifty (spot) 8599.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Technical Outlook of Reliance, SBI, Axis Bank, Icici Bank and Tata Steel
Reliance
The level 1025 is crucial for short term. If it sustains above 1025, then it is likely to rally towards 1050.
The level 1025 is crucial for short term. If it sustains above 1025, then it is likely to rally towards 1050.
Technical View and Short term Outlook of Dow & Nasdaq
Dow 10350.05
Short term Technical Outlook of Dow
Short term Technical Outlook of Dow
Sunday, December 20, 2009
Friday, December 18, 2009
Technical Outlook of Nifty, and Intraday levels, 18 December
Nifty (spot) 5041.75
Nifty Intraday levels and ran
Nifty Intraday levels and ran
Nifty Futures Intraday Levels and Trading Range, 18 December
Nifty Futures 5029.00
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Technical Outlook of Sensex, and trading range, 18 December
Sensex (spot) 16869.00
Sensex Intraday levels and range
Sensex Intraday levels and range
Technical View of Bank Nifty & Cnx IT and Intraday levels
Bank Nifty (spot) 8693.00
Bank Nifty Intraday levels and range
Bank Nifty Intraday levels and range
Technical View-Reliance, SBI, Axis Bank, Icici Bank, Tata Steel
Reliance
The level 1065 is crucial for short term. If it sustains above 1065, then it is likely to rally towards 1150.
The level 1065 is crucial for short term. If it sustains above 1065, then it is likely to rally towards 1150.
Thursday, December 17, 2009
Nifty Futures Intraday Levels and Range, 17 December
Nifty Futures 5057.70
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Sensex Intraday Levels & Trading range, 17 December
Sensex (spot) 16952.03
Sensex Intraday levels and range
Sensex Intraday levels and range
Trading calls of Stocks
Reliance
The level 1065 is crucial for short term. If it sustains above 1065, then it is likely to rally towards 1150.
The level 1065 is crucial for short term. If it sustains above 1065, then it is likely to rally towards 1150.
Wednesday, December 16, 2009
Technical Outloook of Nifty Futures, 16 December
Nifty Futures 5021.90
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Trading Calls-Stocks, 16 December
Reliance
The level 1065 is crucial for short term. If it sustains above 1065, then it is likely to rally towards 1150.
The level 1065 is crucial for short term. If it sustains above 1065, then it is likely to rally towards 1150.
Tuesday, December 15, 2009
Technical View of Nifty Futures, 15 December
Nifty Futures 5102.90
Nifty Futures Intraday levels and range
Nifty Futures Intraday levels and range
Trading Calls of Stocks, 15 December
Reliance
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
Technical View of International Markets-Dow
Dow 10501.05
Short term Outlook
The Short term outlook of Dow is looking weak and it is trading in contracting triangle for the past 9 months. It seems to have a maximum upside potential of 10700 and it is likely to top out between 10500 and 10700.
Long term Outlook of Dow
The present rally from the low of March 2009 seems to be corrective and it is likely to be followed by a deep correction
Monday, December 14, 2009
TRADING CALLS OF STOCK FUTURES
Reliance Futures
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
Friday, December 11, 2009
Thursday, December 10, 2009
Wednesday, December 09, 2009
Tuesday, December 08, 2009
Monday, December 07, 2009
Friday, December 04, 2009
Thursday, December 03, 2009
TECHNICAL OUTLOOK, 03 DECEMBER
Nifty (spot) 5118.55
Nifty Intraday trading levels and range
Today, if Nifty sustains below 5120, then it could test 5080 and below that level, it could test 5010.
Instead, if Nifty trades above 5120, then it could test 5150 and that level, it could test 5200.
Nifty is likely to form a lower top below 5180. Instead, if it is broken, then it could move 5300-5350 levels.
Nifty intraday Trading Strategy
For intraday, the crucial level is 5120. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 5010 for a target of 4500 with a stop at 5010 and trade long above 5010 for a target of 5110 with a stop at 5010.
Short term Technical View of Nifty
Nifty is likely to form a lower top below 5180. If the level, 5180 is broken, then it could move towards 5300-5350 region.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. 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 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
Instead, if it fails to sustain above 1090 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 1090. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1090 for a target of 1150. Initiate shorts if it fails to sustain above 1090 for a target of 1000.
SBI (spot)
The crucial level for the short term for this scrip is 2300. If it fails to sustain above 2300, then it is likely to turn bearish and in the down side it could test 2240 in coming trading sessions.
Instead, if it sustains above 2300, then the short term trend would turn bullish and in the upper side it is likely to move towards 2380.
Trading Strategy for SBI
For Intraday, the crucial level is 2300. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 2300 for a target of 2240. And initiate longs if it sustains above 2300 for a target of 2380.
Rcom (spot)
The level 185 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 195.
If it fails to sustain above 185, then the trend would turn bearish and in the downside it is likely to decline towards 130 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 170. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 185 for a target of 130. Initiate longs if it sustains above 185 for a target of 195.
Icici Bank (spot)
The level 905 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 930.
Instead, if it fails to sustain above 905, the short term trend would turn bearish and in the downside it is likely to decline towards 830 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 905 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 905 for a target of 830. Initiate longs if it sustains above 905 for a target of 930.
Tata Steel (spot)
The crucial level for the scrip in the short term is 590. The trend would remain bearish for this scrip if it sustains below 590 and in the down side, it could test 500 initially.
If the scrip sustains above 590, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 620.
Trading Strategy for Tata Steel
For intraday, the crucial level is 590. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 590 in the upside for a target of 620. Short if it fails to sustain above 590 for a target of 500.
Wednesday, December 02, 2009
TECHNICAL OUTLOOK, 2 DECEMBER
Nifty (spot) 5121.55
Nifty Intraday trading levels and range
Today, if Nifty sustains below 5080, then it could test 5010.
Instead, if Nifty trades above 5080, then it could test 5150.
Nifty is likely to form a lower top below 5180. The next crucial level is 5010. Correction is likely to continue if it fails to sustain above 5010 .
Nifty intraday Trading Strategy
For intraday, the crucial level is 5080. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 5010 for a target of 4500 with a stop at 5010 and trade long above 5010 for a target of 5110 with a stop at 5010.
Short term Technical View of Nifty
Nifty is likely to test 4500 initially in the downside, if it fails to move above 5010 in coming trading sessions. And if it trades above 5010, then it could test 5110 levels.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. 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 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
Instead, if it fails to sustain above 1090 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 1065. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1090 for a target of 1150. Initiate shorts if it fails to sustain above 1090 for a target of 1000.
SBI (spot)
The crucial level for the short term for this scrip is 2240. If it fails to sustain above 2240, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.
Instead, if it sustains above 2240, then the short term trend would turn bullish and in the upper side it is likely to move towards 2300.
Trading Strategy for SBI
For Intraday, the crucial level is 2240. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 2240 for a target of 2050. And initiate longs if it sustains above 2240 for a target of 2300.
Rcom (spot)
The level 185 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 195.
If it fails to sustain above 185, then the trend would turn bearish and in the downside it is likely to decline towards 130 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 170. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 185 for a target of 130. Initiate longs if it sustains above 185 for a target of 195.
Icici Bank (spot)
The level 905 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 930.
Instead, if it fails to sustain above 905, the short term trend would turn bearish and in the downside it is likely to decline towards 830 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 865 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 905 for a target of 830. Initiate longs if it sustains above 905 for a target of 930.
Tata Steel (spot)
The crucial level for the scrip in the short term is 550. The trend would remain bearish for this scrip if it sustains below 550 and in the down side, it could test 500 initially.
If the scrip sustains above 550, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 580.
Trading Strategy for Tata Steel
For intraday, the crucial level is 550. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 550 in the upside for a target of 580. Short if it fails to sustain above 550 for a target of 500.
Tuesday, December 01, 2009
TECHNICAL OUTLOOK, 01 DECEMBER
Nifty (spot) 5032.00
Nifty Intraday trading levels and range
Today, if Nifty sustains below 5010, then it could test 4950 and below that level, it could test 4870.
Instead, if Nifty trades above 5010, then it could test 5050.
Nifty is likely to form a lower top below 5180. The next crucial level is 5010. Correction is likely to continue if it fails to sustain above 5010 .
Nifty intraday Trading Strategy
For intraday, the crucial level is 5010. Trade short below this level and trade long above this level.
Nifty Positional Trading Strategy
Positional traders can initiate shorts if it fails to sustain above 5010 for a target of 4500 with a stop at 5010 and trade long above 5010 for a target of 5110 with a stop at 5010.
Short term Technical View of Nifty
Nifty is likely to test 4500 initially in the downside, if it fails to move above 5010 in coming trading sessions. And if it trades above 5010, then it could test 5110 levels.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 5200. 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 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.
Short term trading calls of Stocks for spot market
Reliance (spot)
The level 1090 is crucial for short term. If it sustains above 1090, then it is likely to rally towards 1150.
Instead, if it fails to sustain above 1090 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 1065. Trade long above these levels and trade short below these levels.
Positional traders can initiate longs if it sustains above 1090 for a target of 1150. Initiate shorts if it fails to sustain above 1090 for a target of 1000.
SBI (spot)
The crucial level for the short term for this scrip is 2240. If it fails to sustain above 2240, then it is likely to turn bearish and in the down side it could test 2050 in coming trading sessions.
Instead, if it sustains above 2240, then the short term trend would turn bullish and in the upper side it is likely to move towards 2300.
Trading Strategy for SBI
For Intraday, the crucial level is 2240. Trade long above this level and trade short below this level.
Positional traders can initiate shorts if it fails to sustain above 2240 for a target of 2050. And initiate longs if it sustains above 2240 for a target of 2300.
Rcom (spot)
The level 185 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 195.
If it fails to sustain above 185, then the trend would turn bearish and in the downside it is likely to decline towards 130 initially.
Trading Strategy for Rcom
For intraday, the crucial level is 170. Trade long above this level and be short below this level.
Positional traders can initiate shorts if it fails to sustain above 185 for a target of 130. Initiate longs if it sustains above 185 for a target of 195.
Icici Bank (spot)
The level 905 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 930.
Instead, if it fails to sustain above 905, the short term trend would turn bearish and in the downside it is likely to decline towards 830 initially.
Trading Strategy for Icici Bank
For intraday, the crucial level is 865 . Trade long above this level and be short below this level.
Positional traders can initiate shorts if the scrip fails to sustain above 905 for a target of 830. Initiate longs if it sustains above 905 for a target of 930.
Tata Steel (spot)
The crucial level for the scrip in the short term is 550. The trend would remain bearish for this scrip if it sustains below 550 and in the down side, it could test 500 initially.
If the scrip sustains above 550, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 580.
Trading Strategy for Tata Steel
For intraday, the crucial level is 550. Trade long above this level and be short below this level.
Positional traders can initiate longs if the scrip sustains above 550 in the upside for a target of 580. Short if it fails to sustain above 550 for a target of 500.
Contact:
9381203517
sathiamoorthyd@gmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
Chennai
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