21 August 2014


On Thursday market was very volatile throughout the day. Today nifty future opened on a firm note at the level 7886, then after going higher at level 7937, it slipped down at 7867 which was below from its crucial & psychological level of 7900, weighed down by losses in metal, IT, pharma and reality stocks. At the time of closing nifty future made a smart recovery and closed at 7905, total 70 points was moved by nifty future throughout the day.
As we have seen nifty future recovered the losses and closed towards upside. For tomorrow nifty future will try to cross the hurdles 7915-7925 if this levels successively crossed by nifty future then it will make new high of 7940-7955 levels. At the other side 7965 will be major supporting level for nifty future.
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RESISTANCE: 7920, 7950, 7980

SUPPORT:  7890, 7860, 7830

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