Goal20percent: Nifty Update

Tuesday 11 August 2015

Nifty Update

An extract of nifty View of August 11, 2015, suggested:” For Tuesday, August 11, 2015, the trend deciding point for the day for Nifty emerges at 8480 mark. The first weekly support stands at 8466 mark. On its down move Nifty is expected to take support in the band of 8480-8466 band.” And the LOW of the day was at 8461.5.

Another extract suggested:” An intermediate resistance stands at 8554 mark, the weekly trend deciding point. If there is not much demand, then Nifty can reverse from here for downside.” And the HIGH of the day was at 8560 mark.

For Wednesday, August 12, 2015, the trend deciding point for the day for Nifty emerges at 8425 mark. On its down move Nifty is expected to take support around 8425. If this level is broken due to strong selling pressure, then the next support is expected to emerge at 8359 mark. But this will be possible only if there is a sharp down move. On ascent, the first resistance exists at 8557 mark. A sharp up move can make nifty cross this level and make it reach to 8625 mark. An intermediate resistance stands at 8525 mark. If there is not much demand, then Nifty can reverse from here for downside, instead of 8557 mark. Again, on the other hand, an intermediate support exists at 8461 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8425 mark.