MARKET OUTLOOK:-
-Nifty Futures Trend Deciding level is 8160(Intraday Traders)
-NF Trend Changer Level 8480 (Positional Traders)
-Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 28.50 points at the opening bell.
-In overseas stock markets, Asian stocks witnessed mixed trend. US stocks closed mostly lower yesterday, 16 November 2016, as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher.
-Next 2 days are very important as bulls need to hold range of 8039-8060 on Weekly closing basis else we can see deeper cut in market towards 7700/7800. Fresh shorts should be done on close below 7972 only for move towards 7800/7750.
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-Nifty Futures Trend Deciding level is 8160(Intraday Traders)
-NF Trend Changer Level 8480 (Positional Traders)
-Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 28.50 points at the opening bell.
-In overseas stock markets, Asian stocks witnessed mixed trend. US stocks closed mostly lower yesterday, 16 November 2016, as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher.
-Next 2 days are very important as bulls need to hold range of 8039-8060 on Weekly closing basis else we can see deeper cut in market towards 7700/7800. Fresh shorts should be done on close below 7972 only for move towards 7800/7750.
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Nifty Level future
| |||
Up ↑
|
8140
|
8195
|
8240
|
Down ↓
|
8080
|
8040
|
7970
|
Action
|
SL
|
TGT
| |
Buy above
|
8140
|
8110
|
8260
|
Sell below
|
8080
|
8100
|
7970
|
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