MARKET OUTLOOK:
-Nifty Futures Trend Deciding level is 8715 (Intraday Traders)
NF Trend Changer Level 8687 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty spot if manages to trade and sustain above 8740 level then it is likely to show some upmove and if it breaks and trade below 8660 level then some profit booking can be seen in the market.
-Nifty High made today was 8737 so bulls were unable to breach the gann resistance zone, Its been 4 trading days in which bulls were not able to break the resistance zone, Now bears if they break below 8656 can see fast impulsive fall towards 8600/8555. Bullish only on close above 8750 for a move towards 8840/8900.
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-Nifty Futures Trend Deciding level is 8715 (Intraday Traders)
NF Trend Changer Level 8687 (Positional Traders)
-Nifty to trade volatile and is likely to follow global cues.
-Nifty spot if manages to trade and sustain above 8740 level then it is likely to show some upmove and if it breaks and trade below 8660 level then some profit booking can be seen in the market.
-Nifty High made today was 8737 so bulls were unable to breach the gann resistance zone, Its been 4 trading days in which bulls were not able to break the resistance zone, Now bears if they break below 8656 can see fast impulsive fall towards 8600/8555. Bullish only on close above 8750 for a move towards 8840/8900.
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Nifty Level future
| |||
Up ↑
|
8730
|
8755
|
8790
|
Down ↓
|
8710
|
8685
|
8645
|
Action
|
SL
|
TGT
| |
Buy above
|
8740
|
8699
|
8820
|
Sell below
|
8680
|
8720
|
8600
|
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