Market Outlook :
-Nifty Futures Trend Deciding level is 8525 (Intraday Traders,
NF Trend Changer Level 8440 (Positional Traders)
-Stock specific movement is expected and market is likely to turn volatile as
the day progresses.
-Low made was 8476 so bears unable to break 8490 on closing basis but are
also unable to close above 8577 gann numbers, suggesting fight between bulls
and bears for close below 8490 or above 8577. Expect impulsive move in next
2 trading sessions. Close above 8577 or below 8490 can see a move of 100
points.
-Nifty spot if manages to trade and sustain above 8580 level only then market
is likely to show some upmove and if it breaks and trade below 8500-8480
levels 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.
-Global cues and internal political developments to play critical role and mix
alerts. Good stock specific movement is expected in the market.
Nifty Level future
| |||
Up ↑
|
8630
|
8600
|
8575
|
Down ↓
|
8545
|
8500
|
8480
|
Action
|
SL
|
TGT
| |
Buy above
|
8560
|
8520
|
8650
|
Sell below
|
8470
|
8505
|
8400
|
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