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27 May, 2016

Market Outlook :

- Nifty Futures Trend Deciding level is 7940 (Intraday Traders), NF Trend     Changer Level  8024 (Positional Traders) 
- we maintain bearish view with our immediate term target of 7975 and short term target of 7860, the upside the range of 8050 to 8150, 8200 will play as a strong resistance for immediate term.  The target of this Inverse H&S pattern comes at 9200.. 
-Bulls should protect 7972 next leg of move towards 8336. It will not be a straight rally but trend is up/buy on dips till we close above 7972. Resistance on way of 8336 are 8116/8209/8241.


Nifty Level fut up    -  8095/8120/8050
                  down    -  8060/7985/7900

Action                             SL           TGT

Buy above      8080     8039     8160
Sell below       7990    8042     7900


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