Nifty Updates- Nifty closed on a negative note at 7979 level - TradeBizz Research

Nifty closed on a negative note at 7979 level.So today on upside first intra resistance is at 8005-10 level. Next resistance are at 8032-37, 8075-80, 8124-29, 8154-59, 8190-95, 8236-41, 8275-80, 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 7952-47 level. Next supports are at 7926-21, 7882-77, 7834-29, 7804-99, 7742-38, 7696-92, 7649-45 level. Market is slightly in bear zone and better wait till nifty make a close above 8280 level .So today for intraday on upside intra resistance are at 8010 and 8037 level and On downside be alert below 7947 and avoid all longs below that level as selling may intensify below that level. Click Here to view Nifty Future and Option Analysis.

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.Earnometer.com will give you daily in depth 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.Earnometer.com also covers breadth indicator 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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