Nifty Technical Outlook, Positional & Intraday Trading Levels, 10 August 2015

Today, 8655 is the crucial intraday level for Nifty.

If Nifty sustains below 8655, then it could test 8620 and below that level it could test 8570.

Instead, if Nifty trades above 8655, then it could test 8700.

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 8800.

Medium term outlook of Nifty dated on 10 August 2015

The medium term outlook of Nifty would remain bullish if it sustains above 8000. Nifty is likely to rally towards 8800.

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.