MARKET OUTLOOK:
-Nifty Futures Trend Deciding level is 8747 (Intraday Traders)
NF Trend Changer Level 8805 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty Bulls continue to hold 8700 and gann angle line and pushed nifty towards 8767, but again fail to cross above 8750. Bulls need a close above 8750 for a move towards 8800/8888. We are approaching expiry tomorrow so bulls will push nifty above 8800 and bears below 8700. Option Pain at 8750 Strike price suggesting close around 8750 will be ideal for option writers.
-F&O expiry today. Expect market to turn volatile as the day progresses.
-Nifty spot if manages to trade and sustain above 8820 level then only we can expect upmove in the market and if it breaks and trade below 8790 level then some profit booking can further follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.
-Nifty Futures Trend Deciding level is 8747 (Intraday Traders)
NF Trend Changer Level 8805 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty Bulls continue to hold 8700 and gann angle line and pushed nifty towards 8767, but again fail to cross above 8750. Bulls need a close above 8750 for a move towards 8800/8888. We are approaching expiry tomorrow so bulls will push nifty above 8800 and bears below 8700. Option Pain at 8750 Strike price suggesting close around 8750 will be ideal for option writers.
-F&O expiry today. Expect market to turn volatile as the day progresses.
-Nifty spot if manages to trade and sustain above 8820 level then only we can expect upmove in the market and if it breaks and trade below 8790 level then some profit booking can further follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.
Nifty hold to Gann Line at 8700, Sep Expiry Analysis
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Nifty Level future
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Up ↑
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8850
|
8805
|
8780
|
Down ↓
|
8740
|
8715
|
8650
|
Action
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SL
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TGT
| |
Buy above
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8750
|
8720
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8850
|
Sell below
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8705
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8740
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8620
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