DAILY NEWSLETTER
D Sathia Moorthy
Nifty (spot) 4337.50
Short term Technical View of Nifty
Now, the level 4200 would be the crucial level in the short term. If Nifty sustains above this level, then it is likely to rally from this level towards 4600.
Instead, if it fails to hold above 4150-4200 level, then it could decline towards 4000 in coming trading sessions.
Extreme Short term technical view of Nifty
In the extreme short term, the level 4270 is crucial. If Nifty sustains above this level, the trend would remain bullish. Instead, if it trades below this level, then the trend would turn bearish in the extreme short term with downside potential to 4200.
Nifty Intraday trading levels
Today, if Nifty trades below 4325, then it could test 4375 and above this level, it could move towards 4420. Instead, if it trades below 4325, then it could test 4250.
Trading Strategy for Nifty
For intraday, the crucial level is 4325. Trade 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 bullrun 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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