Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 June 2015

Today, 8050 is the crucial intraday level for Nifty.

If Nifty sustains below 8050, then it could test 7940 and below that level it could test 7850.

Instead, if Nifty trades above 8050, then it could test 8120.

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 7700. Instead, if it trades above 8000, then it is likely to test 9500.

Medium term outlook of Nifty dated on 12 June 2015

The medium term outlook of Nifty would remain bullish if it sustains above 7400. 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 this view holds good as long as Nifty sustains above 7200 and in the upperside it is likely to test 11000 in coming months.