Trading Levels Nifty SBI Infosys Sail Satyam Ranbaxy

Nifty (spot) 4352.30



Short term Technical View of Nifty

Now, Nifty is likely to rally towards 4700 by this month end and the next short term correction is likely to occur around 4700 level. This view holds good as long as Nifty stays above 4350.

Instead, if it fails to hold above 4350 level, then it could decline towards 4200.



Extreme Short term technical view of Nifty

In the extreme short term, the level 4350 is crucial. A long as Nifty sustains above this level, the trend would remain bullish.



Nifty Intraday trading levels

Today, if Nifty trades above 4350, then it could test 4460 and above 4460, it could test 4530. Instead, if it fails to move above 4460, then it could test 4380.



Trading Strategy for Nifty

For intraday, the crucial level is 4460. Trade long above this level and be short below this level.

Positional traders can hold their longs with a stop at 4350 for a target of 4700.




Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.





Long term outlook of Nifty dated on 02 July 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 bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.





Short term trading calls of Stocks



Satyam Computers

The short term trend of this scrip is looking bullish and it is likely to test 460 in the short term and this view holds good as long as it sustains above 405.

On contrary, if it trades below 405, the short term trend would turn bearish and in the downside it is likely to decline towards 370.


Trading Strategy for Satyam

For intraday, the crucial level is 422. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 405.



Sail

The short term trend of this scrip is looking bullish and it is likely to test 175 in the short term and this view holds good as long as it sustains above 135.

On contrary, if it moves below 135, then the short term trend would turn bearish and in the downside it is likely to decline towards 125.

Trading Strategy for Sail

For Intraday, the crucial level is 146. Trade long above this level and trade short below this level.

The crucial level is 135 in the short term. Initiate longs on decline with a stop at 135.




Infosys

The short term trend of this scrip is looking bullish and it is likely to test 1900 in the short term and this view holds good as long as it sustains above 1685.

On contrary, if it trades below 1685, the short term trend would turn bearish and in the downside it is likely to decline towards 1600.


Trading Strategy for Infosys

For intraday, the crucial level is 1725. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 1685.





Ranbaxy

The short term trend of this scrip is looking bullish and it is likely to test 550 in the short term and this view holds good as long as it sustains above 420.

On contrary, if it trades below 420, the short term trend would turn bearish and in the downside it is likely to decline towards 380.


Trading Strategy for Ranbaxy

For intraday, the crucial level is 455. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 420.





SBI

The short term trend of this scrip is looking bullish and it is likely to test 1700 in the short term and this view holds good as long as it sustains above 1480.

On contrary, if it trades below 1480, the short term trend would turn bearish and in the downside it is likely to decline towards 1400.

The scrip seems to be making a expanding pattern with 1300 and 1700 as its downside and upside range respectively. Based on Elliott Wave, it can be assumed that is making a 2nd wave of next rally.


Trading Strategy for SBI

For intraday, the crucial level is 1510. Trade long above this level and be short below this level.

Positional traders can initiate longs on declines with a stop at 1480. Initiate short if it moves below 1480, with a stop at 1500.

Its big time to the traders..

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hmmm thanks for the details..

Few stocks discussed here are blue chip stocks. Nifty offers support and resistance level. Considering proper levels of support and resistance are helpful in improving returns from the market.