NIFTY 50 VIEW
Nifty 50 (8778)
Nifty gave a good opening but did not hold the zone above 8800 and slide down to 8700 making a low of 8724.
Stuck in a range of 8700..8800 break through either side will decide the further trend of the market as this zone is working as a consolidation or facing resistance to cool down to positional support levels of 8600.
Closing above 8800-8820 can only take nifty to 8900-8920 zone.
Nifty 50 (8778)
Nifty gave a good opening but did not hold the zone above 8800 and slide down to 8700 making a low of 8724.
Stuck in a range of 8700..8800 break through either side will decide the further trend of the market as this zone is working as a consolidation or facing resistance to cool down to positional support levels of 8600.
Closing above 8800-8820 can only take nifty to 8900-8920 zone.
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