Market Outlook :
-Nifty Futures Trend Deciding level is 8624 (Intraday Traders, NF Trend Changer Level 8660 (Positional Traders)-Nifty High made today was 8642 so bulls need to wait for break of 8711-8723 range for further upmove. Low made today was 8580 near our important gann level of 8577 which we have discussed many time in our past analysis and also formed hammer candlestick near gann trendline as shown below.-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 to consolidate and stock specific movement is expected in the market.-Nifty spot if manages to trade and sustain above 8650 level then it is likely to show some upmove and if it breaks and trade below 8580 level then it is likely to show some profit booking. 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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8710
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8680
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8655
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Down ↓
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8625
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8600
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8590
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Action
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SL
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TGT
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Buy above
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8655
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8610
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8760
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Sell below
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8595
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8635
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8510
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