DAILY NEWSLETTER
D Sathia Moorthy
Nifty 3816.70
Short term Technical View of Nifty
If Nifty sustains above 3920, and moves above 4000, then it is likely to move towards 4200. Instead, if it fails to move above 4000, then a decline to 3800 is likely.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 of Nifty
In the extreme short term, the level 3920 and 4000 are crucial. Break out of either side would decide the extreme short term movement.
Nifty Intraday trading levels
Today, if Nifty trades above 3920, then it could test 4000, and above this level it could test 4100. Instead, if it fails to clear 4000, then it could decline towards 3880.
Trading Strategy for Nifty
Now the crucial level is 4000. 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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