- Nifty Futures Trend Deciding level is 7980 (Intraday Traders)
- NF Trend Changer Level 8380 (Positional Traders)
- Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 64.60 points at the opening bell on firm Asian stocks. The market may remain volatile in the near future as traders roll over positions in the futures & options (F&O) segment from the near month November 2016 series to December 2016 series.
- Nifty low made today was 7938 higher than previous day low of 7916 and in process held on to 7900. Holding 7916 we might has formed a short term bottom and see rally till 8130/8270. Bulls on close above 8010 can see fast move towards 8060/8100 in next 2 session. Bears will get active below 7900 and in between 7900-8010 it will be volatile expiry moves.
Nifty Level future
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Up ↑
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8020
|
8080
|
8125
|
Down ↓
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7980
|
7920
|
7880
|
Action
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SL
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TGT
| |
Buy above
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8020
|
8001
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8100
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Sell below
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7980
|
7999
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7900
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