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D Sathia Moorthy
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Nifty 4529.50
Short term Technical View of Nifty
The level 4430 is the crucial level in the short term. If Nifty sustains above this level, then it is likely to move towards 4900-5000 by this month end.
If Nifty doesn’t go below 4430 here after, then the low of 3790 would be the medium term bottom. And also it implies a medium term rally in coming months.
In case, in coming trading sessions, if the level, 4430 is violated, then a decline to 4000 is likely.
Extreme Short term technical view of Nifty
In the extreme short term, the level 4430 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 4700 initially.
Nifty Intraday trading levels
Today, if Nifty trades above 4550, then it could test 4620 and above this level, it could test 4650.
Trading Strategy for Nifty
Now, the crucial level is 4550. 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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