Monday, 12 December 2016

NIFTY VIEW:

Nifty 50 (8261 )

Nifty again pulled back from the support zone 8040..8080 levels and gave a good close above 8250 with a high of 8274. 

8270..8300 is stiff resistance on positional charts, nifty if crosses this on closing basis 
It will act as a support uptrend can resume in market If faces resistance  here @ 8270..8300 it can again show 8100..8080 levels. 

Short term upside levels can be 8350..8420

Any dip towards support zone is 8200...8120 levels are buying  opportunities

Close below 8040 are signs of downtrend signals

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