Market Outlook :
-Nifty Futures Trend Deciding level is 8585 (Intraday Traders),
-Nifty Futures Trend Deciding level is 8585 (Intraday Traders),
NF Trend Changer Level 8550 (Positional Traders)
-Nifty made low of 8544 and bounced back again above 8577. Situation like this only cause trader maximum loss as most of traders are stuck with bearish bias and with change in market trend unable to adjust /reverse position and market sees an impulsive move. As I always say traders should be like a chameleon change colors soon as market is changing color. Nifty is forming the last leg of shark pattern holding today’s low we can move towards 8710 again to complete the pattern.
-Nifty to trade volatile and is likely to follow global cues.
-Nifty future if manages to trade and sustain above 8680 level then expect some quick upmove and if it breaks and trade below 8620-8600 levels 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
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Up ↑
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8740
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8700
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8680
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Down ↓
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8625
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8600
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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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8625
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8585
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8700
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Sell below
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8545
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8584
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8460
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