8 August 2017

NIFTY VIEW & NIFTY FUTURE LEVELS FOR TOMORROW 09 AUG 2017

Today markets saw a major downturn as banking stocks took serious blows after Sebi directed bourses to initiate action against 331 suspected shell companies on Monday. The Sensex lost 260 points to close on 32014 for the day while the Nifty future ended trading on 10004 down by 87 points. Analysts had said that the 9975 level would be crucial for Nifty future amid losses. The markets had opened on a positive note and recovered losses incurred on Monday. But, soon the bourses slipped into the red with Sensex losing as much as 359 points to hit the day-low of 31915 in intra-day trade. Nifty future too lost 87 points to hit day-low of 10004.
The short-term trend in the Nifty continues to be up despite the minor dip on
Wednesday. Immediate supports for the nifty future are at 9950 and 9920. Key resistance is at 10,060 and support is at 10,000. A breakout on either side of 10,000 or 10,060 will decide the next trend. Until then a sideways move between 10,000 and 10,060 is more likely. A strong break below 9950 will increase the selling pressure & may drag contract to 9900.
More about intraday tips on Google +
Resistance: 10010, 10030, 10060
Support: 9950, 9930, 9900

5 comments:

  1. FEARS OF TRADING & HOW TO OVERCOME THEM; TO READ FULL POST VISIT EQUITY FUTURE CALLS ; FOR LIVE TRADING LEVELS WHATS UP ME ON 09039542248

    ReplyDelete
  2. I have 1 lot of nifty @9968 . what you say about that it will going be up or down.

    ReplyDelete
    Replies
    1. Market is in correction mode right now nifty future is trading @ 9965 level. below 9950 it may correct toward 9930-9910. to know more about nifty whatsapp me 09039542248

      Delete
  3. Keep up the superb piece of work, I read few posts on this site and I conceive that your site is rattling interests and holds lots of great info related to Nifty Future Tips, i will surely refer my friend for this.

    ReplyDelete
  4. AGAIN STAR TURNS FROM BULLISH TO BEARISH; TO READ FULL POST VISIT EQUITY FUTURE CALLS ; FOR LIVE TRADING LEVELS WHATS UP ME ON 09039542248

    ReplyDelete