Nifty Technical Outlook, Positional & Intraday Trading Levels, 05 October 2015

Today, 8055 is the crucial intraday level for Nifty.

If Nifty sustains below 8055, then it could test 7980 and below that level it could test 7880.

Instead, if Nifty trades above 8055, then it could test 8090.

Short term Technical View of Nifty

For the short term, the level 8020 is crucial. If it sustains below this level, then it is likely to test 7500. Instead, if it trades above 8020, then it is likely to test 8300.

Medium term outlook of Nifty dated on 24 August 2015

The medium term outlook of Nifty would remain bullish if it sustains above 7000. Nifty is likely to correct towards 7000.

Long term outlook of Nifty dated on 29 September 2015

The long term outlook of Nifty is looking bullish and this view holds good as long as Nifty sustains above 7000 and in the upper side it is likely to test 9100 in coming months.