NIFTY VIEW:
Nifty 50 ( 8590)
Nifty has made yesterday gave a close with a bearish engulfing candle.
But it is stuck in a range of 8470..8730.
Break through either side will decide the further trend
Yesterday being expiry day profit book had taken place, today's closing is important to assume the further trend in market
Nifty is near its support zone of 8530.8470.
if holds this can resume back to resistance zone of 8730, Above 8730..40 zone can show 8840
If breaks 8470 can show 8390.
Nifty 50 ( 8590)
Nifty has made yesterday gave a close with a bearish engulfing candle.
But it is stuck in a range of 8470..8730.
Break through either side will decide the further trend
Yesterday being expiry day profit book had taken place, today's closing is important to assume the further trend in market
Nifty is near its support zone of 8530.8470.
if holds this can resume back to resistance zone of 8730, Above 8730..40 zone can show 8840
If breaks 8470 can show 8390.
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