Today, 8400 is the crucial intraday level for Nifty.
If Nifty sustains below 8400, then it could test 8350 and below that level it could test 8280.
Instead, if Nifty trades above 8400, then it could test 8520.
Short term Technical View of Nifty
For the short term, the level 8000 is crucial. If it sustains below this level, then it is likely to test 7800. Instead, if it trades above 8000, then it is likely to test 9500.
Medium term outlook of Nifty dated on 08 May 2015
The medium term outlook of Nifty would remain bullish if it sustains above 8000. Nifty is likely to rally towards 9500.
Long term outlook of Nifty dated on 07 November 2014
The long term outlook of Nifty is looking bullish and the present bull market from the low of 4500 level is likely to continue till 2016 and it is likely to test 11000 levels in 2 years.
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