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D Sathia Moorthy
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Nifty 4413.55
Short term Technical View of Nifty
Now, the level 4150 is the crucial level in the short term. If Nifty doesn’t go below this level here after, then the low of 3790 would be the medium term bottom.
As long as it stays above this level, the short term trend would remain bullish and in the upper side it is likely to move above 4600 in coming weeks.
Instead, if it fails to hold above 4150, then a decline towards 4000 level is likely.
Extreme Short term view of Nifty
In the extreme short term, the level 4350 is crucial. As long as it trades above this level, the trend would remain bullish and in the upper side it is likely to test 4600 initially. If it fails to move above this level, then the trend is likely to turn bearish.
Nifty Intraday trading levels
Today, if Nifty sustains above 4425, then it could test 4500. Instead, if it sustains below 4425, then it is likely to decline towards 4350.
Trading Strategy for Nifty
Now the crucial level is 4350. Be long above this level and be short below this level.
Medium term outlook of Nifty dated on 02 July 2008
The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.
Long term outlook of Nifty dated on 02 July 2008
The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bull run is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.
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