Nifty Technical Outlook, Positional & Intraday Trading Levels, 07 November 2017

Today, 10500 is the crucial intraday level for Nifty.

If Nifty sustains below 10500, then it could test 10400 and below that level it could test 10350.

Instead, if Nifty trades above 10500, then it could test 10550.

Short term Technical View of Nifty

For the short term, the level 10250 is crucial. If it sustains below this level, then it is likely to test 10000. Instead, if it trades above 10250, then it is likely to test 10450.

Medium term outlook of Nifty dated on 4 October 2017

The medium term outlook of Nifty would remain bullish if it sustains above 10050. Nifty is likely to move towards 11600.

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.