TECHNICAL OUTLOOK, 25 SEP

Nifty 4837.55

In the short term, if Nifty sustains above 4630, then the trend would remain bullish and in the upper side it could test 4900 and above this level, it is likely to test 5200 and it is likely to see a consolidation around this level. Instead, if it moves below 4630, then a decline towards 4440 is likely.

In the extreme short term, as long as it sustains above 4800, the trend would remain bullish. Below this level, the trend would turn bearish and it is likely to test 4630.

Today, if Nifty trades above 4810, then it is likely to test 4900 – 4910 level.



Trading Strategy

Now the crucial level is 4800. Be long above this level for a target of 4900.



Delivery Call

Sterlite opticals 238. 50

The scrip is in long term bull trend. In the medium term, the trend is looking bullish and it is likely to test 330 in coming months. Buy on declines with a stop at 210.




Medium term outlook of Nifty - dated 23rd July

Nifty is likely to make a significant top around 4600 level. Instead, if it moves above 4600, then it is likely to move towards 5000 in coming weeks.


Long term outlook of Nifty - dated 29th June

Nifty is in long term bull market and after some downside, it is likely to move towards 5000 by this year end.





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