TradeBizz Research | Nifty Trend Analysis & Levels – 28, December2016

Nifty closed on a strong positive note at 8032 level .So today on upside first intra resistance is at 8072-77 level. Next resistance are at 8111-16, 8145-50, 8176-81, 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 7993-88 level. Next support are at 7954-49, 7920-16, 7889-84, 7853-48, 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 next hurdles are 8077 and 8116 .So today for intraday on upside intra resistance are at 8077 and 8116 level and On downside be alert below 7988 and avoid all longs below 7949 level as selling may intensify below that level.

Positional Immediate support for NIFTY is 7878 and positional Resistance for NIFTY is 8079 8125 8128 8202 8269 8298 8391 8448 8509.

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Intraday Resistance of NIFTY are 8111.1: 8176.1: 8167.9: 8186.7

Intraday Support of NIFTY are 7954.6: 7889.6: 7899: 7880.5

 Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region.

                                          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 weightage(Top weightage-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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