Market Outlook :
-Nifty Futures Trend Deciding level is 8128 (Intraday Traders,
-Nifty Futures Trend Deciding level is 8128 (Intraday Traders,
NF Trend Changer Level 8181 (Positional Traders)
-Nifty is likely to turn volatile and is expected to follow global cues.
-Nifty to turn volatile as the day progresses. Global cues to play important role.
-Nifty spot if manages to trade and sustain above 8150 level then expect some
upmove in the market and if it breaks and trade below 8080 level then some
softness is expected in the Nifty.
-Nifty is still trading above its 50DEMA, which is placed near to 8000. It has
some resistance at 8150, but the possibility is high that Nifty can break this
resistance and it can test its recent high of 8285 soon. However for medium
term we maintain our target of 9200 on Nifty. On the downside it has lot of
support in the range of 8050 to 8000.
Nifty Level future
| |||
Up ↑
|
8200
|
8185
|
8155
|
Down ↓
|
8130
|
8115
|
8090
|
Action
|
SL
|
TGT
| |
Buy above
|
8150
|
8104
|
8250
|
Sell below
|
8080
|
8121
|
8000
|
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