Nifty closed on a positive note at 8407 level.
So today on upside first intra resistance is
at 8438-43 level.
Next resistance are at 8464-68, 8495-99, 8540-45,
8586-91, 8660-65, 8694-99, 8736-41, 8778-83, 8807-12 level.
On downside first support is at 8387-82 level.
Next support are at 8360-56, 8320-15, 8275-70,
8228-23, 8201-96, 8157-52, 8112-07, 8060-65, 8061-56, 8015-10, 7966-61, 7928-23,
7899-94, 7860-55, 7816-11, 7770-65, 7735-30, 7696-92, 7649-45 level. Market is
in bull zone.
So today for intraday on upside intra
resistance are at 8443 and 8468 level and On downside be alert below 8382 and
avoid all longs below 8356 level as selling may intensify below that level. Have
a look at weekly trend.
Positional Support for NIFTY is 8276, 8267,
8241, 8165, 8160, 8144 and 8122
Positional Resistance for NIFTY is 8461.
Intraday Support of NIFTY is 8387.2: 8370.5: 8289.2:
8270.2: 8251.3
Intraday Resistance of NIFTY is 8427.2: 8443.9:
8526: 8545.3: 8564.5
Click here to view Nifty Futures 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.TradeBizz.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. And we
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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