Nifty 4573.95
Short term
Nifty is likely to make a short term bottom around 4450 level. And if this level is held, then nifty is likely to rally towards 5050 initially. Instead, if this level is violated, then a decline to 4000 is likely.
Extreme Short term
In the extreme short term, the level 4450 is crucial. If it sustains above this level, then it is likely to move towards 5050.
Intraday
Today, if Nifty sustains above 4630, then it could test 4675 and above 4675, it could test 4750. Instead, if it fails to sustain above 4630, then it is likely to decline towards 4450.
Trading Strategy
Now the crucial level is 4630. Be short below this level and be long above 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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