For Thursday, July 30, 2015, the trend deciding point for the day for Nifty emerges at 8297 mark. Again the third weekly support stands at 8302 mark. On its down move Nifty is expected to take support around 8302-8297 band. If this level is broken due to strong selling pressure, then the next support is expected to emerge at 8232 mark. But this will be possible only if there is a sharp down move. On ascent, the first resistance exists at 8427 mark. A sharp up move can make nifty cross this level and make it reach to 8494 mark. An intermediate resistance stands at 8413 mark. If there is not much demand, then Nifty can reverse from here for downside, instead of 8427 mark.On the other hand, an intermediate support stands at 8350 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8297 mark.
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