NIFTY Futures Trade plan - Week 20-June
Market Bytes 20-Jun-2016
Nifty futures: In the previous session despite gap up openings NIFTY futures failed to clear our swing hurdle of 8250 range.Expected gap down opening below our trend decider of 8140-50 zones. This immediate zone will hold resistance and decide the market trend for today. On the downside a break of 8105 can lead to a test of 8080 levels again. Swing hurdle on the upside continue to remain at 8240-50 zones.
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Nifty futures: In the previous session despite gap up openings NIFTY futures failed to clear our swing hurdle of 8250 range.Expected gap down opening below our trend decider of 8140-50 zones. This immediate zone will hold resistance and decide the market trend for today. On the downside a break of 8105 can lead to a test of 8080 levels again. Swing hurdle on the upside continue to remain at 8240-50 zones.
#nifty #nseindia #sensex #stock
Nifty futures:TEsted the 8250 zone and failed to clear it . Eventually exactly staying within the 8200-8250 zone. downside support continue to remain at 8185-8190 range, breaking that can again attempt 8140 range.and on the upside a clear above 8250 can lead to a test of 8320 range. idea will be to look for long in dips with the support range as SL and reverse below it or to look for a break out long above 8250 range.
#nifty #nseindia #sensex #stock