Nifty 4117.35
As long as Nifty holds above 4040 level, the trend would be bullish and in the upper side it is likely to move above 4250. If not, correction is likely to extend towards 3920.
In the extreme short term, if it sustains above 4090, it is likely to test 4190.
Today, if Nifty sustains above 4090, then it is likely to test 4155. Instead, if it moves below 4090, it is likely to test 4040.
Medium term outlook of Nifty
In the medium term charts, the trend is looking bullish and it is likely to test 4300-4350 in coming months.
Long term Investors can remain invested with a stop at 3750.
Trading Strategy
Remain long as long as it stays above 4080.
Visit us at
www.waveriders.in
www.sathiamoorthy.blogspot.com
Contact
9381203517
asksathia@hotmail.com
Yahoo Messenger Id - sathiamoorthyd@yahoo.com
