5 September 2014

NIFTY FUTURE PREDICTION FOR MONDAY 8 SEPTEMBER-2014

On week ended friday the Sensex fall 59 points to end at 27,026, its second straight session of decline after logging new highs earlier this week, on losses in bluechips including HDFC, ICICI Bank, Hero MotoCorp and Tata Motors amid a weak global trend. 
Today there was a tough between bulls And bears above the level 8000 bulls tried to pull it above 8100 where is bears tried to pull it below. Today nifty started at 8132.Today nifty touched the level 8150 but after touching this level it came down and was supported by the level 8072, Total 78 points was played by nifty future through out the day.
The level 8150 become a hurdle for nifty now...Bulls need to push market beyond 8135 and 8150; unless this range is taken out decisively a pressure will be there on bulls. The levels of 8100-8070 will act as support for the index.
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RESISTANCE: 8190, 8210, 8230
SUPPORT:  8170, 8150, 8130

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