Nifty Trend Outlook For Today 12 June 2015-- Alliance Research

Nifty closed on a strong bear note at 7965 level signalling a strong negative sentiments.So today on upside first resistance is at 8021-26 level.Next resistance are at 8050-54,8077-82,8100-05,8140-45,8170-75,8221-26,8255-60,8289-94,8321-26,8350-55,8413-18,8456-61,8510-15,8565-70,8612-17,8644-49,8681-86,8743-48,8772-76,8790-95,8822-26,8850-55,8880-85,8935-39,8973-78,9015-20,9046-51,9074-79,9102-07,9148-52,9181-86 level On downside first support is at 7909-04 level.Next support are at 7880-75,7853-48,7792-87,7760-55,7709-04,7657-52 level.The trend is highy negative So unless a strong close above 8082 better stay away from long side and on downside selling may intensify if below 7904 level.Have a look at weekly trend. 
Positional Immediate support for NIFTY is 7942 and positional Resistance for NIFTY is 8180 8247 8273 8302 8370 8380 8437 8495 8560 .

Intraday Resistance of NIFTY are 8077.4 : 8170.3 : 8099.8 : 8118.5
Intraday Support of NIFTY are 7853.3 : 7760.4 : 7832 : 7813.6
Oscillator Analysis The oscillator is showing SELL signalShort Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region. 
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