Nifty Futures did not break their 20 SMA line on 15 min chart the whole day, which is very bullish. As soon as they bounced back from the testing at 10,780 level today morning, that was a good opportunity to create fresh long positions with Nifty futures. Today, Nifty has crossed its 200 day SMA […]
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 index has closed today (25 Nov 2016) at 8114, and therefore Nifty is back above 8100 level. Nifty is also now above its 10 Day Moving Average (DMA), so some level of support has been built between 8000-8100 level, and the logical target now is 8200, where multiple resistance lines are visible. Highest Nifty […]