An extract of nifty View of August 12, 2015, suggested:” 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 band 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.” And the LOW of the day was at 8355.
For Thursday, August 13, 2015, the trend deciding point for the day for Nifty emerges at 8270 mark. On its down move Nifty is expected to take support around 8270. If this mark is broken due to strong selling pressure, then the next support is expected to emerge at 8238 mark. But this will be possible only if there is a sharp down move. On ascent, the first resistance exists at 8401 mark. A sharp up move can make nifty cross this level and make it reach to 8466 mark. An intermediate support exists at 8336 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8270 mark.
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Nifty keeps on fluctuating and it is quite difficult to make precise predictions on market fluctuations. Experts advise on market trading tips, mcx tips helps to sustain here by earning good returns.
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