Nifty futures tips & updates for today - The Nifty-50 index somehow managed to close just about at 7,950 levels on Thursday & at present all eyes are on 8,050-8,100 levels where the index may face stiff resistance.
According to Technical experts opinions, the index may well combine at current levels, but for rally to sustain it has to decisively break above the crucial resistance level of 8,100.
Nifty is oscillating in a broad range starting from 7,550 on the lower side & 8,100 on the upper side, they say. The levels of 7,550 shall act as robust support levels.
According to Technical experts opinions, the index may well combine at current levels, but for rally to sustain it has to decisively break above the crucial resistance level of 8,100.
Nifty is oscillating in a broad range starting from 7,550 on the lower side & 8,100 on the upper side, they say. The levels of 7,550 shall act as robust support levels.
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| Nifty futures tips & updates |
We are hanging on to the upper end of the range. If this continues, chances are sooner or later the averages will catch up and the market will start trending higher. So far, you have to back that," he added.
The market will remain slightly positively biased, but the breakout will happen once Nifty gets past 8,020-8,050 range, said by experts. Experts advised traders to remain stock specific rather than going all in.
Technically, Nifty future is trading in broad range of 8100 - 7700 levels and it is assumed to consolidate at current levels,
While On the downside, if it manages to break & sustain below its crucial support level of 7700 on locking basis, its upcoming support is at 7500 levels & on the up-side expeditious resistance level is at 8100," he contributed.
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