3 September 2014


The market continued with their record-breaking rally for the ninth straight session on Wednesday, buoyed by media reports of Russia-Ukraine ceasefire. As we have given the levels 8150-8170 in our last post, today nifty future made a high of 8173. Today Nifty index also reclaimed its crucial psychological level of 8,100 and rose nearly 59 points in trade to hit its fresh lifetime high of 8,141. Today nifty future started at 8140 made a high of 8173 and low of 8118 and closed at 8143, total 55 points was moved by nifty future throughout the day.
At the time of closing nifty came down and closed at 8143 so for tomorrow nifty will try to cross the hurdle of 8150 if this level strongly crossed by nifty future then nifty will touch 8173-8200 by tomorrow. 8130-8110 will act as supporting levels for nifty future.
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RESISTANCE: 8150, 8170, 8190
SUPPORT:  8130, 8110, 8090

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