DAILY NEWSLETTER
Short term outlook of Reliance
Nifty Chart
Nifty 4093.35
Short term
If Nifty sustains above 4100, then it could test 4450 in coming trading sessions. In the downside, if it fails to hold above 3970, then it could test 3800.
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.
As long as Nifty sustains above this level, long term trend of the Market would be bullish and it is likely to exceed the high of 6350 in coming years.
Extreme Short term
In the extreme short term, the levels 3970 and 4100 are crucial.
Intraday
Today, if Nifty trades above 4100 then it could test 4250. Instead, if it trades below 4100, then it could test 4020.
Trading Strategy
Now the crucial level is 3970. 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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