Technical Outlook, 31 August 2020

               

Nifty Technical Outlook, Positional & Intraday Trading Levels

Today, 11700 is the crucial intraday level for Nifty.

If Nifty sustains below 11700, then it could test 11650 and below that level it could test 11600. 

Instead, if Nifty trades above 11700, then it could test 11800, and above that level it could test 11850

Short term Technical View of Nifty

For the short term, the level 11400 is crucial. If it sustains below this level, then it is likely to test 10800. Instead, if it trades above 11400, then it is likely to test 11800.

Medium term outlook of Nifty dated on 7 August 2020

The medium term outlook of Nifty would remain bullish if it sustains above 9900. Nifty is likely to move towards 12500.

Long term outlook of Nifty dated on 7 August 2020

A major correction in Nifty is over. 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 13000 in coming months.

Technical View of Bank Nifty 

Bank Nifty Intraday levels

Today, 25000 is crucial for Intraday.

If Bank Nifty sustains below 25000 then it could test 24750 and below that level it could test 24500.

Instead, if Bank Nifty trades above 25000 then it could test 25250 and above that level it could test 25500.

Short term Technical View of Bank Nifty

The level 23200 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 25000 level is likely. Instead, if it could not sustain above 23200, then it could test 21000 in the downside.

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Technical Outlook, 28 August 2020

              

Nifty Technical Outlook, Positional & Intraday Trading Levels

Today, 11600 is the crucial intraday level for Nifty.

If Nifty sustains below 11600, then it could test 11525 and below that level it could test 11460. 

Instead, if Nifty trades above 11600, then it could test 11650, and above that level it could test 11700

Short term Technical View of Nifty

For the short term, the level 11600 is crucial. If it sustains below this level, then it is likely to test 10800. Instead, if it trades above 11400, then it is likely to test 11800.

Medium term outlook of Nifty dated on 7 August 2020

The medium term outlook of Nifty would remain bullish if it sustains above 9900. Nifty is likely to move towards 12500.

Long term outlook of Nifty dated on 7 August 2020

A major correction in Nifty is over. 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 13000 in coming months.

Technical View of Bank Nifty 

Bank Nifty Intraday levels

Today, 23750 is crucial for Intraday.

If Bank Nifty sustains below 23750 then it could test 23600 and below that level it could test 23450.

Instead, if Bank Nifty trades above 23750 then it could test 23950 and above that level it could test 24250.

Short term Technical View of Bank Nifty

The level 23200 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 25000 level is likely. Instead, if it could not sustain above 23200, then it could test 21000 in the downside.

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