Nifty Technical Outlook, Positional & Intraday Trading Levels, 06 October 2017

Today, 9950 is the crucial intraday level for Nifty.

If Nifty sustains below 9950, then it could test 9905 and below that level it could test 9850.

Instead, if Nifty trades above 9950, then it could test 9990.

Short term Technical View of Nifty

For the short term, the level 9910 is crucial. If it sustains below this level, then it is likely to test 9600. Instead, if it trades above 9910, then it is likely to test 10200.

Medium term outlook of Nifty dated on 4 October 2017

The medium term outlook of Nifty would remain bullish if it sustains above 9000. Nifty is likely to move towards 11200.

Long term outlook of Nifty dated on 4 October 2017

The long term outlook of Nifty is looking bullish and this view holds good as long as Nifty sustains above 9000 and in the upper side it is likely to test 12000 in coming months.