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In the yesterday updated, NF has resistance 10944 and support 10884. You know what happened…!
For the intraday, Break Up 10980 level can boost NF 70pts and support 10870. Suppose to break this level with volume, NF can fall more and more. In the chart you can see, NF price increasing and volume falling which is -ve sign for long up move. Very soon we will face resistance. And NF will start to follow projected formation.
Overview for NF on Fundamentally basis, if BJP for 2019 election, Nifty can move to 15150-15878. Other scenario would be on loss for the BJP. Nifty can be highly volatile and nifty can be seen 7900-8600.
We’ll find soon exact direct and level soon with chart.
Yesterday, We have written that NF is weak and can fall more… you know what happened today!
Look at the chart, there are more things happened.
Selling will be continued below 10566 level, and we will also keep selling below this.
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Notably, as far back we have started to update daily market overview. As expected our last NIFTY future updated, We have declared to sell NF and Support given 10572 and meanwhile NF made a lot of 10577 and started to move up.
Below to 10581, NF is weak and more fall can favorable but till we have one good support is 10567 nearby.
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The nearest important level of resistance of the NIFTY are 10797 and 10870. These both strong resistance are previous acted which can perfect. The 10797 is already acted.
There are also possibilities to follow trend by intraday chart 10618 and 10572. Traders can take action at these level.
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Yesterday We have given resistance and level for buyers at 10111 nearby and NF low was 10114 and moved up more than 100 points which was greatest for traders.
Now, You can see previous level can act in presence. NF has resistance as per expected trend line R-10264 to 10278 and Stronger support at 10160 but, intraday chance to bounce from 10176.
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F&O Expiry is coming so, be careful in trading. As per chart, NF has 3 stronger supports as mentioned in the chart. We will think to buy soon over the NF. NF can bounce 200-345 pts from these supports.
From the Intraday chart, we have found “Resistance can be seen in two level 10227 and 10199″ and buy possibility in range 10127-10111”. This intraday level useful for intraday traders.
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