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MTECHTIPS NIFTY FUT intraday trading analysis 07-11-2016

Sunday, November 6, 2016 23:09
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MTECHTIPS NIFTY FUT  intraday trading analysis 07-11-2016


MTECHTIPS Nifty closed on a bearish note at 8433 .So today on upside first intra resistance is at 8462-67 level.Next resistance are at 8490-95,8537-42,8563-68,8589-94,8618-23,8665-70,8760-65,8807-12,8873-78,8929-34,8952-57,9015-20,9043-48,9090-95,9135-40,9158-63 level.On downside first support is at 8405-00 level.Next support are at 8376-71,8329-25,8303-98,8277-72,8250-45,8190-85,8145-40,8128-24 level.Market is in bear zone be very alert on long unless nifty close above 8550 .So today for intraday on upside intra resistance are at 8467 and 8495 level and On downside be alert below 8400 and avoid all longs below that level as selling may intensify below that level. Have a look at weekly trend. 

Positional Support for NIFTY 8082 and positional Resistance for NIFTY is 8589 8612 8631 8654 8687 8701 8714 8717 .





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