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28 July, 2016

Market Outlook :

-Nifty Futures Trend Deciding level is 8614 (Intraday Traders,

  NF Trend Changer Level  8490 (Positional Traders)

-Nifty High made today was 8665 and low made was 8572, so gann number of 
 8577 again showed its importance as we got the desired move till 8665.  Its 
 always good to go with flow of trend instead of trying to predict the top, and 
 shorting blindly everyday. Bearish only on close below 8490 and bullish on 
 close above 8677.
-today, markets closed flat with some volatility
-AD flat, VIX negative
-option writing support 8500 resistance 8700
-Next series, levels are 8500-9000


Nifty Level future
Up ↑
8700
8670
8645
Down ↓
8585
8560
8530



Action  
  SL
TGT
Buy above
8630
8584
8720
Sell below  
8540
8580
8460

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