Market Outlook :
-Nifty Futures Trend Deciding level is 8575 (Intraday Traders,
NF Trend Changer Level 8450 (Positional Traders)
-Bulls should protect 8490 else we can see a quick correction till 8410-8400.
Bullish on close above 8577 for target of 8650, High made was 8569 so bulls
unable to break 8577 gann numbers on closing basis but bears also unable to
close below 8490 , 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 to turn volatile as the day progresses. Global cues to play important role.
-Nifty spot if manages to trade and sustain above 8580 level then it is likely to
show some up-move and if it breaks and trade below 8530 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.
Nifty Level future
| |||
Up ↑
|
8650
|
8610
|
8575
|
Down ↓
|
8555
|
8525
|
8490
|
Action
|
SL
|
TGT
| |
Buy above
|
8600
|
8555
|
8700
|
Sell below
|
8520
|
8565
|
8425
|
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