Nifty Trend Analysis and Levels – 29, December2016 | TradeBizz Research

Nifty closed on a flat note at 8034 level.

So today on upside first intra resistance is at 8074-79 level. Next resistance are at 8107-12, 8143-48, 8170-74, 8211-16, 8247-52, 8315-20, 8359-64, 8399-04, 8440-45, 8478-83, 8537-42, 8597-02, 8660-65, 8694-99, 8736-41, 8778-83, 8807-12, 8873-78, 8929-34, 8952-57, 9015-20, 9043-48, 9090-95, 9135-40, 9158-63 level.

On downside first support is at 7995-90 level. Next support are at 7962-57, 7926-21, 7899-94, 7860-55, 7816-11, 7770-65, 7735-30, 7696-92, 7649-45 level. Market is in bear zone and better wait till nifty make a close above 8260 level next hurdles are 8079 and 8116 .So today for intraday on upside intra resistance are at 8077 and 8112 level and On downside be alert below 7990 and avoid all longs below 7957 level as selling may intensify below that level.

Positional Immediate support for NIFTY is 7878

Positional Resistance for NIFTY is 8064 8120 8128 8187 8272 8286 8379 8436 8503.

Intraday Resistance of NIFTY is 8074.3: 8107.1: 8169.9: 8188.7

Intraday Support of NIFTY is 7995.4: 7962.6: 7901: 7882.5

Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- 

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S&P CNX NIFTY-Over View

S&P CNX NIFTY is the Blue chip Index of NSE. The top 50 companies listed on NSE from Various sector like IT, Banking, Cement, Oil, Steel, Infrastructure etc are included in Nifty Index with different weight-age(Top weight age-Reliance, Infosys, Icici bank, Lt, HDFC)is given to each company. Nifty Index is professionally managed and moreover it can be considered as a barometer of Indian Economy.We will give you daily indepth technical analysis report of Nifty, Analysis of Nifty in future and option, Performance of share included in Nifty for medium-long term and for very short term.And also covers breadth indiacator like advance-decline ratio, put call ratio, Bullish percent index, Advance decline volume Fundamental Growth rate like Price Earnings Ratio, Index EPS, Dividend ratio other economic ratio like GDP growth rate etc. All the analysis report is updated daily

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