TECHNICAL OUTLOOK, 07 JAN

Nifty 6274.30

In the short term, Nifty is likely to rally towards 6500 in coming weeks and this view holds good as long as it stays above 6120.

In the extreme short term, the level 6200 is crucial. Below 6200, it could test 6120.

Today, if Nifty sustains above 6230, and moves above 6280, then it is likely to test 6320. Instead, if it moves below 6200, then it is likely to test 6150.




Trading Strategy

Now the crucial level is 6200.









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