Nifty Technical Outlook, Positional & Intraday Trading Levels, 6 June 2014

Today, 7500 is the crucial intraday level for Nifty.

If Nifty sustains below 7500, then it could test 7320 and below that level it could test 7250.
Instead, if Nifty trades above 7500, then it could test 7520.

Short term Technical View of Nifty

For the short term, the level 6700 is crucial. If it sustains below this level, then it is likely to test 7500. Instead, if it trades above 6700, then it is likely to test 6500.

Medium term outlook of Nifty dated on 25 April 2014

The medium term outlook of Nifty would remain bullish if it sustains above 6350. Nifty is likely to see a medium correction from 7600.

Long term outlook of Nifty dated on 25 April 2014

The long term outlook of Nifty is looking bearish and the present bull market from the low of 4500 level is likely to terminate in 2014 around 7600 and it is likely to followed by 2 to 3 years bear market.