Market Outlook :
-Nifty Futures Trend Deciding level is 8642 (Intraday Traders,
NF Trend Changer Level 8662 (Positional Traders)
-Nifty to turn volatile as the day progresses. Market is likely to follow global cues.
-Its been 21 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive this phase by applying risk and money management are rewarded handsomely in the next move.
-Nifty High made today was 8684 so bulls need to wait for break of 8711-8723 range for further upmove. Bulls above 8723 can see move till 8851/8900, bears below 8484 can see move till 8400/8350. As per gann analysis 23-24 Aug are important trend change date so we might see end of time correction near that time.
-Nifty spot if manages to trade and sustain above 8650 level then it is likely to show some upmove and if nifty breaks and trade below 8600 level then some profit booking can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.-
-Nifty Futures Trend Deciding level is 8642 (Intraday Traders,
NF Trend Changer Level 8662 (Positional Traders)
-Nifty to turn volatile as the day progresses. Market is likely to follow global cues.
-Its been 21 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive this phase by applying risk and money management are rewarded handsomely in the next move.
-Nifty High made today was 8684 so bulls need to wait for break of 8711-8723 range for further upmove. Bulls above 8723 can see move till 8851/8900, bears below 8484 can see move till 8400/8350. As per gann analysis 23-24 Aug are important trend change date so we might see end of time correction near that time.
-Nifty spot if manages to trade and sustain above 8650 level then it is likely to show some upmove and if nifty breaks and trade below 8600 level then some profit booking can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.-
Nifty Level future
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Up ↑
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8760
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8710
|
8675
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Down ↓
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8645
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8620
|
8600
|
Action
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SL
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TGT
| |
Buy above
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8675
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8650
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8760
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Sell below
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8645
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8660
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8560
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