TECHNICAL OUTLOOK 12 FEBRUARY

Nifty 4187.40

If Nifty sustains above 4170, it is likely to test 4300 in coming trading sessions. Instead, if it moves below 4170, it has potential of testing 4050 in the downside.

In the extreme short term, if Nifty sustains above 4170, it is likely to test 4250.

Today, if Nifty initially moves above 4205 and sustains above 4180, then it is likely to test 4230. If it trades comfortably below 4170, then it could test 4120.



The broad stop loss for the longs is 4120.

Medium term outlook of Nifty is looking bullish and this view holds good as long as it stays above 4050.



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