BULLs will be in total control today, one should ONLY BUY.
SENTIMENTS :Today's market Set up & Sentiments among traders are MIXED(POSITIVE+NEGATIVE) today. Some Traders are willing to book profits(SELL) and some are Looking for dips to Buy more.
MARKET FORCE: AGGRESSIVE BUYING by Traders should be expected as Traders will hunt for Bargain buy at lower level & Want to cover their SHORTS on INDEX.Moreover, Traders do not have enough stock in their hand to sell more.one has to consider above for Nifty Price Today's View & Levels
NIFTY- SUPPORT & RESISTANCE
Where to enter & Exit
SUPPORT: NIFTY should find its SUPPORT around 8957 marks.
RESISTANCE: NIFTY will have RESISTANCE around 9044 marks.
since BULLs will have the upper hand today, one should BUY NEAR SUPPORT of 8957 Target will be 9044 & stoploss will be 8901
(P.S- Support/resistance level/stop loss levels are given above --based on NIFTY SPOT price)
BANK NIFTY-SUPPORT & RESISTANCE
Where to enter & Exit
SUPPORT: NIFTY should find its SUPPORT around 80834 marks.
RESISTANCE: NIFTY will have RESISTANCE around 81170 marks.
since BULLs will have the upper hand today, one should BUY NEAR SUPPORT of 80834 Target will be 81170 & stoploss will be 80588
(P.S- Support/resistance level/stop loss levels are given above --based on BANK NIFTY SPOT price)
Nifty price today's View & Levels-commentary
Knowing all above, what you should do
The market has risen a good bit of points on last 2-3 days. Every trader has noticed this rise in price & they Like to now follow the trend now on an upside. Since Market did not move much on last trading day(Intraday), Today can be GREAT opportunity to buy on Minor dips. Historical evidence suggests that dull market breaks out on trend side. BUY AROUND SUPPORT LEVEL or minor dips is Dominating strategy for the day.
Disclaimer Tactical Venture is in compliance with SEBIs Research Analyst 2014 regulation. Before making recommendations, SEBI has asked individual analysts to register with SEBI. However, analyst allowed to comments on general trends of Security markets & allowed for discussion on broad-based Indices & General market condition. Technical Analysis relating to demand and supply in a Sector or an Index is permissible. At Tactical Venture w.e.f 1st December 2014, all posts are in compliance with the new regulation of SEBI. Nifty Price Todays View & Levels will be under the scope of SEBI guidelines.