Wednesday, 10 August 2016

NIFTY VIEW :

Nifty 50 (8678 )

Nifty yesterday did not maintain above 8730 and showed selling pressure.

It touched its support of 8637 and bounced back. 
Charts are showing some cooling down signals can take place 

if nifty maintains below 8630...and it can breach 8530 zone 

Close below 8470..8500 will make selling pattern active 

As in for now uptrend  momentum will be active above 8730..8740 zone

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