Nifty Technical Outlook, Positional & Intraday Trading Levels, 31 July 2015

Today, 8495 is the crucial intraday level for Nifty.

If Nifty sustains below 8495, then it could test 8450 and below that level it could test 8420.

Instead, if Nifty trades above 8495, 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 7700. Instead, if it trades above 8000, then it is likely to test 9500.

Medium term outlook of Nifty dated on 09 July 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 this view holds good as long as Nifty sustains above 7200 and in the upperside it is likely to test 11000 in coming months.