Market Outlook :
- Nifty Futures Trend Deciding level is 8095 (Intraday Traders,
- Nifty Futures Trend Deciding level is 8095 (Intraday Traders,
NF Trend Changer Level 8181 (Positional Traders)
-Nifty is likely to turn volatile and is expected to follow global cues.
-Nifty spot if manages to trade and sustain above 8100 level then it is likely
to show some up move and if it breaks and trade below 8040 level then some
profit booking can be seen in the market. Please note this is just opening view
and should not be considered as the view for the whole day.
-High made today was 8120,unable to sustain above 8111 and saw an intraday correction of 50
points and closed below 8111 suggesting bears are active.Trading below 8050 can see quick
fall towards 7972/7921 as shown in below chart.
Nifty Level future
| |||
Up ↑
|
8150
|
8125
|
8100
|
Down ↓
|
8080
|
8060
|
7980
|
Action
|
SL
|
TGT
| |
Buy above
|
8125
|
8074
|
8225
|
Sell below
|
8020
|
8071
|
7920
|
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