Nifty closed on a strong bull note at 8124 level.So today on upside first resistance is at 8160-65 level.Next resistance are at 8195-01,8228-33,8255-60,8289-94,8321-26,8350-55,8413-18,8456-61,8510-15,8565-70,8612-17,8644-49,8681-86,8743-48,8772-76,8790-95,8822-26,8850-55,8880-85,8935-39,8973-78,9015-20,9046-51,9074-79,9102-07,9148-52,9181-86 level On downside first support is at 8088-83 level.Next support are at 8052-47,7992-87,7960-55,7927-22,7890-87,7868-63,7847-42,7785-80,7722-18 level.So today on upperside intra resistance are at 8165 and 8201 level and on downside be very alert below 8083 We expect nifty had a strong support at 8000 level and negativity will only stregthen if Nifty close below that level. Have a look at weekly
Positional Immediate support for NIFTY is 7989 and positional Resistance for NIFTY is 8215 8277 8278 8322 8369 8388 8452 8506 8563 .Intraday Resistance of NIFTY are 8196.3 : 8256 : 8260.2 : 8279.1Intraday Support of NIFTY are 8052.6 : 7992.9 : 7989.8 : 7971.2Oscillator Analysis The oscillator is showing SELL signalShort Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region.
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