TECHNICAL OUTLOOK, 31 MARCH

Nifty 4942.00

Short term
The short term bottom would be confirmed if it sustains above 4720 level and in the upper side it is likely to test 5050 in coming trading sessions.

Extreme Short term
In the extreme short term, the level 4850 is crucial. If it sustains above this level, then it is likely to move towards 5050.

Intraday
Today, if Nifty sustains above 4900, then it could test 5000 and above 5000, it could test 5050. Instead, if it fails to hold above 4900, then it could decline towards 4850.

Trading Strategy
Now the crucial level is 4900. 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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