DAILY RESISTANCE FOR NIFTY: 7992, 8000, 8056, 8123
PIVOT POINT: 7922
DAILY SUPPORT FOR NIFTY : 7925, 7855, 7788,7721
DAILY CHART FOR NIFTY
FED MEETING ON THE WAY
GLOBAL MARKETS GETTING CAUTION NOTE
NIFTY REACTING FOR THE SAME
NIFTY CLOSES AT 7896
NIFTY REACTING FOR THE SAME
NIFTY CLOSES AT 7896
"BUY NIFTY-FUT ABOVE 7900 TARGET 8000/8100
SELL NIFTY-FUT BELOW 7850 TARGET 7800/7700 "
The Sensex is up 131.55 points or 0.5 percent at 25837.48 and
the Nifty is up 30.05 points or 0.4 percent at 7859.15. A close below 7900 and
7852 support has again signalled weakness but having closed above 7800, the
bulls still have hope. 7885 remains the important resistance which must be
decisively crossed for fresh momentum. 7930-7940 zone is an important hurdle
which must be decisively crossed for any meaningful rally from here. 7812-7800
is an important demand zone and a decisive breach of 7770 at this juncture will
signal weakness. A close below 7690 may lead to fresh panic offloading.
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