TECHNICAL OUTLOOK, 10 JULY

D SATHIA MOORTHY


DAILY NEWSLETTER


Nifty 4157.10


Short term Technical View



As long as Nifty stays above 4080, then Short term trend would remain bullish and it could test 4500 in the upside. If it fails to hold above this level, then it could decline to 3950 level.


The last crucial level for the Nifty is 3600-3775. As long as Nifty stays above this level, the long term and Medium term bull trend of the market would be intact.




Extreme Short term view

In the extreme short term, the level 4080 is crucial. The trend is likely to remain bullish as long as it stays above this level.



Nifty Intraday levels

Today, if Nifty trades above 4130, then it could test 4250. Instead, if it trades below 4130, then it could test 4080.




Trading Strategy for Nifty

Now the crucial level is 4080. Be long above this level and be short below this level.






Medium term outlook of Nifty dated on 02 July 2008

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.



Long term outlook of Nifty dated on 02 July 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 3600.






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