Market Outlook :
-NIFTY GURU wishes everyone a very Happy Janmashtami ! May God Bless you all!
-Nifty Futures Trend Deciding level is 8642 (Intraday Traders, NF Trend Changer Level 8660 (Positional Traders)
-Nifty High made today was 8661 so bulls need to wait for break of 8711-8723 range for further upmove, Low was 8620 which was again near the rising gann trendline. Bulls above 8723 can see move till 8851/8900, bears below 8577 can see move till 8520/8484. Nifty is down just 16 points from last expiry close of 8666.
-F&O expiry today expect.Market to turn volatile as the day progresses. Good stock specific movement is expected in the market.
-Nifty spot if manages to trade and sustain above 8680-8700 levels then it is likely to show some upmove and if it breaks and trade below 8600 level then some profit booking is expected 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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8730
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8690
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8675
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Down ↓
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8635
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8615
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8580
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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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8675
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8640
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8740
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Sell below
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8580
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8625
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8490
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