MARKET OUTLOOK:
-Nifty Futures Trend Deciding level is 8866 (Intraday Traders)
NF Trend Changer Level 8807 (Positional Traders)
-Nifty to trade volatile and is expected to follow global cues.Trade as per market direction and book timely profit.
-Nifty spot if manages to trade and sustain above 8860 level then it is likely to show some upmove and if it breaks and trade below 8790 level then Nifty is likely to show some profit booking, and should not be considered as the view for the whole day.
Important US data to be released today:
1. New Home Sales
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-Nifty Futures Trend Deciding level is 8866 (Intraday Traders)
NF Trend Changer Level 8807 (Positional Traders)
-Nifty to trade volatile and is expected to follow global cues.Trade as per market direction and book timely profit.
-Nifty spot if manages to trade and sustain above 8860 level then it is likely to show some upmove and if it breaks and trade below 8790 level then Nifty is likely to show some profit booking, and should not be considered as the view for the whole day.
Important US data to be released today:
1. New Home Sales
---------------------------------------------------------------------------------------------------------------------------------
Nifty Level future
| |||
Up ↑
|
8920
|
8880
|
8850
|
Down ↓
|
8810
|
8780
|
8730
|
Action
|
SL
|
TGT
| |
Buy above
|
8857
|
8825
|
8925
|
Sell below
|
8790
|
8830
|
8720
|
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