TradeBizz Research - NIFTY TREND ANALYSIS & LEVELS - 27, December 2016

Nifty closed on a negative note at 7908 level .So today on upside first intra resistance is at 7933-37 level. Next resistance are at 7959-64, 8000-05, 8046-50, 8082-87, 8107-12, 8160-65, 8190-95, 8236-41, 8275-80, 8315-20, 8359-64, 8399-04, 8440-45,8 478-83, 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 7883-78 level. Next support are at 7857-52, 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 8280 level .So today for intraday on upside intra resistance are at 7937 and 7964 level and On downside be alert below 7878 and avoid all longs below that level as selling may intensify below that level.

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 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. And 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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