Market Outlook :
-Nifty Futures Trend Deciding level is 8551 (Intraday Traders,
-Nifty Futures Trend Deciding level is 8551 (Intraday Traders,
NF Trend Changer Level 8490 (Positional Traders)
-Nifty Bulls needs close above 8577 and bears below 8434 for next
move, Holding 8480/8490 range nifty can see upmove till 8667/8737 as per
Deep Crab harmonic pattern.Now Bulls need to close above 8544 on Weekly
close basis for a target of 8654/8774. Bears will get active below 8295 only.
-Nifty is likely to turn volatile as the day progresses. Global cues to be eyed.
-Nifty spot if manages to trade and sustain above 8580 level then it is likely to
show some upmove and if it breaks and trade below 8490 level then some
profit booking is likely to 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 ↑
|
8750
|
8665
|
8605
|
Down ↓
|
8550
|
8525
|
8475
|
Action
|
SL
|
TGT
| |
Buy above
|
8600
|
8549
|
8700
|
Sell below
|
8490
|
8525
|
8425
|
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