Today, 4750 is the crucial intraday level for Nifty.If Nifty sustains below 4750, then it could test 4650.
Instead, if Nifty trades above 4750, then it could test 4830.
Short term Technical View of Nifty
For the short term, the level 4820 is crucial. If it sustains below this level, then it is likely to test 4400. Instead, if it trades above 4820, then it is likely to test 5000.
Medium term outlook of Nifty dated on 20 May 2009
The medium term outlook of Nifty would remain bearish if it fails to sustain above 5400. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.
Long term outlook of Nifty dated on 30 June 2009
The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 3 years.
