Weekly Nifty Outlook (01/11/2010 - 05/11/2010)

Weekly Nifty Outlook for the week 01/11/2010 - 05/11/2010 :

Stay Bullish on Nifty Fut for medium term till 6030 is held.
Nifty Fut will face stiff resistance at 6179-6198 levels crossing & sustaining above
which, it will touch 6279 & 6356.
But, If fails to cross & 6198, Will be in a trading range 5910-6198.
Strong support lies at 6045-6055. Only if it breaks & closes below 6030, it may touch 5943 & 5829.
Strategy should be to Buy on dips till it does not break 6030 & Short on Rises till
6198 is not crossed & sustained.

Caution : Nifty Fut Closing below 5930 will prove risky for holding stocks from a Delivery perspective. Reduce Volumes if 6030 is breached & sustained

Trading Call (29/10/2010)

Sell SBI @ 3175 SL 3190 Tgt 3155, 3140

Nifty Alert (29/10/2010)

Short Nifty Fut @ 6040 SL 6050 Tgt 6020, 6009

Nifty Alert 2 (28/10/2010)

Positional : Short Nifty Fut @ 6104 SL 6125 Tgt 6060, 6030

Nifty Alert (28/10/2010)

Buy Nifty @ 6020 SL 6006 Tgt 6045, 6060.

Trading call 2 (27/10/2010)

Short Reliance Capital Fut @ 860 SL 866 Tgt 849, 845

Nifty Trade (27/10/2010)

Short Nifty @ 6095 SL 6109 Tgt 6065, 6043

Trading call (27/10/2010)

Short Kotak Bank Fut @ 490 SL 493 Tgt 484, 479.

Nifty Alert 3 ( 26/10/2010)

Short Nifty @ 6117 SL 6130 Tgt 6100, 6085

Nifty Alert 2 (26/10/2010)

Buy Nifty @ 6115 SL 6098 Tgt 6140