Wednesday, 24 August 2016

NIFTY VIEW

Nifty 50 (8632)

Nifty is trading in a very narrow range of around  8600..8700.

Yesterday it broke 8600 and resumed back ending the day with Hammer candlestick.

Today if nifty maintains above 8650 it can test 8730 and if this time breaks the range above 8730 it can enter into a new rally zone to touch 8840. 

The support zone lies around 8530...8470

Due to expiry volatility can be seen in market

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