MARKET OUTLOOK:
-Nifty Futures Trend Deciding level is 8623 (Intraday Traders)
NF Trend Changer Level 8685 (Positional Traders)
-Global cues to play critical role. Market to turn more volatile as the day progresses.
-Nifty spot if manages to trade and sustain above 8700 level then nifty is likely to post more gains and if it breaks and trade below 8640 level then some profit booking can be seen in the market.
-Nifty closed at 8520 yesterday opened gap up today and as soon as 8600 was crossed momentum came and Bulls took index towards 8663 as it was gann date so time was also in favour. Now going forwards 8740-8750 range is very very crucial crossing the same Bulls can see move towards 8951-9000, Unable to cross another down move towards 8520.
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-Nifty Futures Trend Deciding level is 8623 (Intraday Traders)
NF Trend Changer Level 8685 (Positional Traders)
-Global cues to play critical role. Market to turn more volatile as the day progresses.
-Nifty spot if manages to trade and sustain above 8700 level then nifty is likely to post more gains and if it breaks and trade below 8640 level then some profit booking can be seen in the market.
-Nifty closed at 8520 yesterday opened gap up today and as soon as 8600 was crossed momentum came and Bulls took index towards 8663 as it was gann date so time was also in favour. Now going forwards 8740-8750 range is very very crucial crossing the same Bulls can see move towards 8951-9000, Unable to cross another down move towards 8520.
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Nifty Level future
| |||
Up ↑
|
8640
|
8680
|
8720
|
Down ↓
|
8610
|
8585
|
8510
|
Action
|
SL
|
TGT
| |
Buy above
|
8690
|
8678
|
8768
|
Sell below
|
8635
|
8676
|
8575
|
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