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More about intraday tips on Google +
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Bears are still on the
driver’s seat. Today nifty has broken the support of 8000 and touched a low of
7961. After opening at 8082 it made a high o f 8082 and closed at 8029 total
121 points was moved by nifty throughout the day. The market has been
witnessing sluggish sentiment from the past few sessions. Today nifty closed at
8029, below the crucial 8050 mark.
As of today, the critical
levels for tomorrow will be 8030 - 7980 on the downside and 8030 – 8075 on the
upside. If the index were to slide below 8020 and stay there then we might be
headed for a test of Nifty levels of 7900. In all likelihood, the Nifty is
going to test levels around 7950. Any breakdown of this level would mean major
weakness going forward. More about intraday tips on Google +
RESISTANCE: 8040, 8070, 8100
SUPPORT: 8010, 7980, 7950
Metals and Mining could jump up if market shows some correction. Adani ports could surge up on the back of signing deals with POSCO steel to export coal to Australia. IT & Pharma could gain if INR weakens (goes up) further against other currencies.
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