Nifty 4982.60
Short term
The correction in Nifty is likely to terminate around 4800 level. Correction would be followed by a rally towards 5500. In the upper side, the level 5000 is crucial.
Extreme Short term
In the extreme short term, the level 5000 is crucial. As long as Nifty trades below this level, the trend is likely to remain bearish and in the downside, it could test 4800 levels.
Intraday
Today, if Nifty sustains below 5000, then it could test 4850.
Trading Strategy
Now the crucial level is 5000. Remain short below 5000 till it tests 4800.
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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