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17 January, 2017

MARKET OUTLOOK:-Nifty Futures Trend Deciding level is 8410 (Intraday Traders)
-NF Trend Changer Level 8270 (Positional Traders)
-Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 12.30 points at the opening bell amid mixed trend in Asian stocks.
-Nifty made high of 8426 and low of 8374 so bulls unable to close above 8460 and bears below 8370. As 8370 was previous resistance now it has become a solid support as from past 2 days low on Nifty was 8373/8374. Bearish below 8370 for a move towards 8330/8250. Bullish above 8460 zone in between see saw move.

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    Nifty Level future
    Up ↑
    8445
    8465
    8500+
    Down ↓
    8415
    8395
    8320


    Action  
      SL
    TGT
    Buy above
    8450
    8398
    8550
    Sell below  
    8360
    8400
    8280

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