DAILY NEWSLETTER
Nifty 3896.75
Short term
The level 3950 was violated by Nifty. The last crucial level for the Nifty is 3600-3775. As long as Nifty stays above this level, the long term and Medium term bull trend of the market would be intact.
Even if this level is violated, the long term trend of the market would turn bearish.
As long as Nifty sustains above this level, long term trend of the Market would be bullish and it is likely to exceed the high of 6350 in coming years.
Extreme Short term
In the extreme short term, the levels 3780 and 4100 are crucial.
Intraday
Today, if Nifty trades above 3950 then it could test 4100. Instead, if it trades below 3950, then it could test 3800.
Trading Strategy
Now the crucial level is 3950. 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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