-Nifty Futures Trend Deciding level is 8707 (Intraday Traders)
NF Trend Changer Level 8705 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty 8656 was broken at 12:30 which was fast fall and next 5 mins nifty retraced back towards 8661 give chance to short and rewarded the shorts. Its all about preparation and execution of plan. As we have Weekly Monthly and Quarterly closing bears will like to see Nifty close below 8518 and bears bulls will like a close above 8656. Close below 8518 can see fast move towards 8476/8434. Bullish on close above 8656 only
-Tension on the border is still hampering sentiments. Trade in low quantity and follow levels strictly.
-Nifty spot if manages to trade and sustain above 8650 level then expect some upmove in the market and if it breaks and trade below 8580 level then some further softness can be seen in the market.
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Nifty Level future
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Up ↑
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8645
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8675
|
8700
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Down ↓
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8580
|
8530
|
8475
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Action
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SL
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TGT
| |
Buy above
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8675
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8600
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8825
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Sell below
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8550
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8630
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8400
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