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. […]
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 […]
After a major rally in 2014, Nifty has been correcting for most of the time in the year 2015. Many indicators have been indicating sell signals. However, we must remember that Nifty is strong as long as it stays above its 200 Day Simple Moving Average (SMA), which is currently at 8440. Even from the […]