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New Update
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BY A STAFF REPORTER
Yesterday Nifty advanced 158 pts to 16642 and formed a Bullish Engulfing candle on the daily charts. It recouped all the previous day's losses, ahead of July F&O expiry.
Low made was 16438 and bulls once above 16535 <200DEMA> did 16610 <5DSMA> and now waiting for crossing 16666/16700. Nifty has got a strong support at the bullish gap area of 16490-16360 created on July 20. Hence, if the index sustains the same in coming sessions, the bulls main aim to touch 200DSMA 17033 subject to cross previous top 16800.
With the market recovery, Indicators are giving bullish signals and has moved up indicating the index is gaining positive momentum once again.
Bullish view will be negated if it sustains below 16480/450 levels on the closing basis in coming sessions.
Today initially a Gap up opening is highly expected amid last Night strong Green global cues as a Post FED outcome.
Intra cum swing basis Trading levels are :-
R :- above 16700 -16777 // 16818. Major 16888. Very major 16932 & 17033.
S:- 16609-16578—16535 & major 16468
Technical basis Expiry Range 16500—16800.
As per the Option data, the Trading range for the Nifty for coming sessions that has shifted higher to 16450-16850 levels.
India VIX fell by 0.22% to 18.13 levels, giving a bit of confidence to bulls.
Please contact the below telephone nos for Demat and Trading Account Opening.
+91 98312 00699 / 82749 09974
For Opening DP and Trading Account online, please visit
https://kyc.eurekasecurities.net/home/index/729
#sharemarket #financialmarket #opentrading #opendemataccount #opendemat #sharemarket #insurance #insurancebroker #insurancebroker #trading #Buyback #IPO #mutualfundinvestments
#SIP #investment #mutualfunds #mutualfundinvesting #sharemarket #stockmarket #investing #mutualfundsindia #equity #debt #hybrid #money #growth #wealth #trading #finance #investor #savings #wealth #createwealth
Low made was 16438 and bulls once above 16535 <200DEMA> did 16610 <5DSMA> and now waiting for crossing 16666/16700. Nifty has got a strong support at the bullish gap area of 16490-16360 created on July 20. Hence, if the index sustains the same in coming sessions, the bulls main aim to touch 200DSMA 17033 subject to cross previous top 16800.
With the market recovery, Indicators are giving bullish signals and has moved up indicating the index is gaining positive momentum once again.
Bullish view will be negated if it sustains below 16480/450 levels on the closing basis in coming sessions.
Today initially a Gap up opening is highly expected amid last Night strong Green global cues as a Post FED outcome.
Intra cum swing basis Trading levels are :-
R :- above 16700 -16777 // 16818. Major 16888. Very major 16932 & 17033.
S:- 16609-16578—16535 & major 16468
Technical basis Expiry Range 16500—16800.
As per the Option data, the Trading range for the Nifty for coming sessions that has shifted higher to 16450-16850 levels.
India VIX fell by 0.22% to 18.13 levels, giving a bit of confidence to bulls.
Please contact the below telephone nos for Demat and Trading Account Opening.
+91 98312 00699 / 82749 09974
For Opening DP and Trading Account online, please visit
https://kyc.eurekasecurities.net/home/index/729
#sharemarket #financialmarket #opentrading #opendemataccount #opendemat #sharemarket #insurance #insurancebroker #insurancebroker #trading #Buyback #IPO #mutualfundinvestments
#SIP #investment #mutualfunds #mutualfundinvesting #sharemarket #stockmarket #investing #mutualfundsindia #equity #debt #hybrid #money #growth #wealth #trading #finance #investor #savings #wealth #createwealth
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Source : Eureka
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