11 August 2014

NIFTY FUTURE PREDICTION FOR 12-AUGUST-2014

"Buy SSLT Future Above 276 Tgt 279.40/282.90 Sl 272.80"
Range bound movement was there in the market today. Some recovery was there but market was completely range bound. Nifty future moved nearly 40 points throughout the day. Opening of the market was very positive, nifty future started at the level of 7651, the high of today but then fell till 7611 low of the day, nifty future closed at the level of 7644.
It could not cross even the level of 7670 in intraday trade. Now nifty may face a hurdle to cross the level of 7660 tomorrow, if manages to cross this level then next level of 7670-7700 is to be monitored for tomorrow..Bulls may manage to break this range bound movement. At the other side 7560-7535 will protect to nifty from falling down. If nifty falls below this levels then it will reached to 7500-7400 very soon.
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RESISTANCE: 7640, 7670, 7700
SUPPORT:  7610, 7580, 7550

1 comment:

  1. maximum upside we can see 8300 to 8350 in next bull run. But a big correction still yet to come.

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