6 August 2014


"Buy ZEEL Future above 281 Tgt 283.40/285.90 Sl 279"
Today bearishness was witnessed in the market. Today bears were successfully takes nifty away from its comfortable zone of 7700. Session was started with negative note, and was continuously declined as selling in blue-chips weighed. Nifty slipped below its crucial level of 7700. Today nifty opened at 7736, made a high of 7738 and low of 7659 and closed at 7672 that why the Selling pressure was increased there in the market. Today nifty future also started at 7747 made a high of 7759 and low of 7676 and closed at 7698, total 86 points was moved by nifty future. For tomorrow some recovery will be expected in the market.
Investor and trader are expecting that market will come back to its crucial physiological level of 7700,if it’s comes then market will try to touch 7730-7770 at the other side 7660-7635 will act as supporting levels for nifty future.
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RESISTANCE: 7765, 7800, 7835
SUPPORT:  7730, 7695, 7660


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