27 August 2014


Bulls are struggling to take nifty beyond 8000, the level 8000 can be witnessed by the next week...Today Nifty future marked record closing high of 7,936, up 31 points, supported by gains in consumer durable, oil & gas, reality and pharma stocks.Nifty future started at 7930 made high of 7948 and low of 7911, & closed at 7943, total 37 points was played by nifty future throughout the day. Nifty future was tried to cross the hurdle of 7950 but was failed and came down after touching 7848.
Tomorrow will be the expiry for the F & O (August 27, 2014) series, so positive movements are expected from the Market. Tomorrow on Thursday we are expecting that nifty will cross the hurdle of 7950 and will make new high of 7970-7985.at the other side 7920-7900 will act as a major supporting levels for nifty future.
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RESISTANCE: 7950, 7970, 7990
SUPPORT:  7930, 7910, 7890

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