Nifty Near of Peak

Market Outlook

From couple of days I am writing that Nifty Future is going to touch a tough hurdle. There after another round of correction may be start.

Key Support-Resistance level of Nifty Future

·        First resistance of Nifty Future is 9432.25;

·        Single closing above 9518.35 Nifty Future will touch 9852.95.

·        Vital support is 9178.25.

Nifty up Move may Cont.

Nifty Future’s possible activity

·        Below 8670 vital support is 8582.

·        Above 9391/9396 Nifty Future may run to touch 9727/9736.

Intraday Equity

Vital resistance is 1633.25.

If this stock price face tough hurdle at this range then may take sharp down turn.

And in that case support may be 1616.

Crucial support is 1610 or 1606.

If take bounce back from 1616 then may touch 1653.95.

Nifty Trading Today

Key Support-Resistance level of Nifty Future

Ø  After crossing 12146.50 Nifty Future will face next hurdle at 12169.50---12188;

Ø  Just after next session of making new life-time high 12137.60 movement was very slow.

Ø  Closing above the mentioned hurdle the index may run to 12232.75.

Nifty Future Live

Key Support-Resistance level of Nifty Future

Ø  Vital resistance of the day is 12188;

Ø  Crucial support of the day is 11949.55;