Market Outlook :
-Nifty Futures Trend Deciding level is 8680 (Intraday Traders),
NF Trend Changer Level 8685 (Positional Traders)
-Nifty Its been 22 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 Low made today was 8583 near our important gann level of 8577 which we have discussed many time in our past analysis High made today was 8683 so bulls need to wait for break of 8711-8723 range for further upmove.
-Nifty to trade volatile and is likely to follow global cues.
-Nifty spot if manages to trade and sustain above 8620 level then it is likely to show some upmove and if it breaks and trade below 8540 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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8705
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8690
|
8675
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Down ↓
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8635
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8610
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8585
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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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8620
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8580
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8700
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Sell below
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8565
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8615
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8475
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