Market Outlook :
- Nifty Futures Trend Deciding level is 8210 (Intraday Traders,
NF Trend Changer Level 8187 (Positional Traders)
- Nifty witnessed some profit booking on higher levels. But it has lot of
support in the range of 8060 to 8000. Thus one should use this correction
as a good buying opportunity with stop-loss of 7975. On the upside, Nifty
can again test 8290. However for medium term we maintain our target
of 9200 on Nifty.
- for the all noise in the market, trading range is still limited
- today, markets opened gap down but closed near day's high- intraday range was 120 points, AD was flat
- option writing support 8000 and resistance
Nifty Level future
| |||
Up ↑
|
8300
|
8275
|
8230
|
Down ↓
|
8205
|
8160
|
8125
|
Action
|
SL
|
TGT
| |
Buy above
|
8250
|
8210
|
8330
|
Sell below
|
8170
|
8211
|
8105
|
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