Nifty Futures (Jan) have closed today at 8051. They reversed sharply from 8120. So Nifty futures lost 70 points in the afternoon with non-stop selling which started at 8100 on the Nifty index. This 8100 level was a known resistance but the extent of selling was a surprise, because it completely removed any gains made […]
Please see the above Nifty futures daily chart analysis. Immediate resistance is coming up at 8100. Next major resistance will coming around 8330. Technical target for Nifty after all these tussles is 8520. The first step will be to cross 8100 in a decisive way.
Nifty Futures tested 8200 today but could not hold and have fallen rapidly to 8150 by end of day. As mentioned in previous posts, there is a key resistance at Nifty 8200 level. Nifty futures trading range is currently 7900 to 8300, and I believe 8300 should get tested once before any large correction again. […]