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31 May, 2016

Market Outlook :

- Nifty Futures Trend Deciding level is 8195 (Intraday Traders), NF Trend        Changer Level  8122 (Positional Traders) 
- we maintain bearish view with our immediate term target of 7975 and short term target of 7860, the upside the range of 8200 to 8250, 8336 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.
-Markets are out of the expanding triangle... so expect more upsides and a retest of all time highs.


Nifty Level fut up    -  8260/8220/8200
                    down    -  8185/8160/8100

Action                             SL           TGT

Buy above      8180     8150     8250
Sell below       8107    8140     7980


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