Nifty Price Today's View & Levels
BULLs will be in total control today, one should ONLY BUY
Today's Market Set up & sentiments among Traders seems VERY STRONG TODAY.Traders are now willing to BUY at an even higher level than Yesterday's close.
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 (Technical analysis)
SUPPORT: NIFTY should find its SUPPORT around 8815 marks.
RESISTANCE: NIFTY will have RESISTANCE around 8896 marks.
since BULLs will have the upper hand today, one should BUY NEAR SUPPORT of 8815 Target will be 8896 & stoploss will be 8767
(P.S- Support/resistance level/stop loss levels are given above --based on NIFTY SPOT price)
Nifty price today's View & Levels-commentary
Knowing all above, what you should do
Last trading session was a dull and lackluster day. As a normal rule, the dull market gives an opportunity to buy. Thus Trader should use dips to buy more today. Many shorts also get covered to book profit today. Make sure you do not create a long position on a higher level, as profit booking May happens at higher levels. BUY AROUND SUPPORT LEVEL & book profit on the rise is Dominating strategy.
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.