Wednesday, August 14, 2019

Nifty Future Trend

Direction of the market


Good Morning and Wish You a Happy Trading Session ….



Post AGM (42nd, after IPO) expectation was very high from Reliance.

And the Price of the share fulfilled it. Share price of this stock jumped 12.11% (from previous closing) in single session.

Although having a weightage of Reliance is 9.31% on the Nifty 50, Nifty fall sharply yesterday.

And that was not the expectation of investors.


Key Support-Resistance level of Nifty Future

Below 11862, wait for another round of panic selling at Nifty Future. If able to sustain the level and take a bounce back then there is some hope for bulls.


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