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24 January, 2017

MARKET OUTLOOK:
-Nifty Futures Trend Deciding level is 8386 (Intraday Traders)
-NF Trend Changer Level 8335 (Positional Traders)
-Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 8 points at the opening bell.
- Nifty did low of 8327 doing the target of cypher pattern and bounced back and closed above breakdown level of 8370 but failed to closed above 8410 and also 8432 suggesting bulls are still under pressure, Fresh shorts below 8328 only,for a move till 8290/8250. Bullish only above 8432

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    Nifty Level future
    Up ↑
    8385
    8410
    8470
    Down ↓
    8340
    8315
    8270


    Action  
      SL
    TGT
    Buy above
    8420
    8370
    8520
    Sell below  
    8315
    8350
    8250


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