MARKET OUTLOOK:
-Nifty Futures Trend Deciding level is 8745 (Intraday Traders)
NF Trend Changer Level 8805 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding 8700 which is also gann angle support as shown in below chart, bears will get active below 8656 for a move towards 8600/8520
-Nifty spot if manages to trade and sustain above 8760 level then it is likely to show some upmove and if it breaks and trade below 8650 level then it is likely to witness some fall, and should not be considered as the view for the whole day.
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-Nifty Futures Trend Deciding level is 8745 (Intraday Traders)
NF Trend Changer Level 8805 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding 8700 which is also gann angle support as shown in below chart, bears will get active below 8656 for a move towards 8600/8520
-Nifty spot if manages to trade and sustain above 8760 level then it is likely to show some upmove and if it breaks and trade below 8650 level then it is likely to witness some fall, and should not be considered as the view for the whole day.
Nifty Level future
| |||
Up ↑
|
8820
|
8760
|
8740
|
Down ↓
|
8695
|
8670
|
8625
|
Action
|
SL
|
TGT
| |
Buy above
|
8760
|
8700
|
8860
|
Sell below
|
8675
|
8710
|
8600
|
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