Nifty 5302.90
Short term
In the short term, the level 5100 is crucial. If Nifty holds above this level, then a short term bottom would be confirmed at 4800. In the upper side, Nifty is likely to move towards 5800-6000 level sharply.
Extreme Short term
In the extreme short term, the level 5100 and 5350 are crucial. If Nifty fails to sustain above 5350, then it is likely to test 5125 before moving towards 5600.
Intraday
Today, if Nifty sustains above 5275, then it could test 5350. Instead, if it fails to sustain above 5275, then it could test 5225.
Trading Strategy
Now the crucial level is 5275. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 23 January 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards a new all time high by this year end and this view holds good as long as Nifty stays above 4400.
Long term outlook of Nifty dated on 23 January 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 4400.
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