DAILY NEWSLETTER
D Sathia Moorthy
Nifty 4311.85
Short term Trading levels of Stocks
Short term Technical View of Nifty
Now, the level 4200 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 4200, then a decline towards 3600 level is likely.
Extreme Short term view of Nifty
In the extreme short term, the level 4200 is crucial. As long as it trades above this level, the trend would remain bullish.
Nifty Intraday trading levels
Today, if Nifty sustains below 4300, then it could test 4240 and below this level it could test 4200. Instead, if it moves above 4320, then it is likely to test 4450.
Trading Strategy for Nifty
Now the crucial level is 4200. 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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