Market Outlook :
-Nifty Futures Trend Deciding level is 8551 (Intraday Traders,
-Nifty Futures Trend Deciding level is 8551 (Intraday Traders,
NF Trend Changer Level 8460 (Positional Traders)
-Nifty could not sustain on higher levels yesterday. On the daily chart, it has
made an “Engulfing Bearish” pattern on the daily chart. Now we may see more
correction and it can test 8440, which is 50% retracement level of its recent
rally from 8288 to 8595 . On the upside, the 8600 mark will play an important
resistance for immediate term. However the medium term trend is still
positive and we maintain our target of 9200 on Nifty. On the downside the
short term support remains in the range of 8300 to 8275.
Nifty Level future
| |||
Up ↑
|
8665
|
8605
|
8565
|
Down ↓
|
8550
|
8525
|
8490
|
Action
|
SL
|
TGT
| |
Buy above
|
8560
|
8525
|
8640
|
Sell below
|
8490
|
8525
|
8425
|
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