Weekly Trend:
Weekly Trend:
Upward side crossover above 15448 it'll surge up corrective to 15596-15642 & thereafter to 15761, 15833 & 15954, overall go short keeping stop loss of 16069 on higher levels.
Nifty DEC future: (4554) 4598-4608 crucial resistance, keep stop loss of 4640 to your shorts. Downward side it'll fall down to 4516 & 4494-4488 initially. Break below 4488 it'll crash down to 4385.
Upward side crossover above 4640 it'll surge up corrective to 4671 & thereafter to 4704, 4727 & 4742-4756. Crossover above 4756 it'll surge up further to 4805; overall go short keeping stop loss of 4840.
Bank Nifty DEC Future: (7798) It'll fall down further to 7717 initially which is a crucial support to watch out for. Break below 7717 heavy fresh selling will drag it down to 7633, 7528 & 7358.
Today: Nifty opened negatively after showing very volatility in the market. At the end it closed flat too negatively. It tried to show strength and recovered from bottom levels. Let us check out the effect of CRR POLICY. Technically below 4916, can see more downside in the market. We can see the next target at around 4350. Because of flat closing there were no changes in support resistance. Now consider resistance at 4830-4911-5025. Downside support is 4730-4670-4639. Trading range of 4700-4760 to watch out. Break, trade and close below 4700 - big fall in the market. Weekly: Last week, we saw lot of volatility in the market. But finally it was unable to hold 5000 and made a low of 4841. For the week ahead, we may consider the support range of 4810-4800, decisively break and decline below the lower-level target of 4750-4640. Higher-level resistance to continue at 5000-5100-5125 to watch out. | |||
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Today Nifty future sale at 4825, target is 4750 and 4725 and the stop loss is 4830,
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Our Sharetips Expert Consider for this week...Buy considering 16142 a crucial support keeping stop loss of 16096. Upward side it'll surge up to 16532 & thereafter to 16581, 16626 & 16733-16772, sell on higher levels keeping stop loss of 16848. In any better scenario crossover above 16848 it'll surge up further to 17088, overall go short keeping stop loss of 17143.
Downward side-break below 16096 it'll turn weak & fall down to 15993 & 15902-15849 initially. A close below 15849 it'll heavily crash down to 15706, 15436 & 15000
Markets Today:-
The trend deciding level for the day is 16,586/4,971 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 16,750 – 17,012/5,021 – 5,099 levels. However, if NIFTY trades below 16,586/4,971 levels for the first half-an-hour of trade then it may correct up to 16,324 – 16,160/4,894 – 4,844 levels.
According to a report by sharetips expert, if nifty trades below 4971 levels for the first half-an-hour of trade then it may correct up to 4894-4844 levels.
The trend deciding level for the day is 16,586/4,971 levels. If Nifty above this level during the first half-an-hour of trade then we may witness a further rally up to 16,750 – 17,012/5,021 – 5,099 levels. However, if NIFTY trades below 16,586/4,971 levels for the first half-an-hour of trade then it may correct up to 16,324 – 16,160/4,894 – 4,844 levels.