For Tuesday, August 18, 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 mark.If this mark is broken due to strong selling pressure, then the next support is expected to emerge at 8369 mark, the first weekly support. 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 8626 mark. An intermediate resistance stands at 8515 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 8451 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8425 mark.
-- | Karan Luhana Equity Expert, R K Broking |
 | Phone: +919510466777 Office: +917940044321 Mobile: +919558889900 Email: karan.luhana@gmail.com Website: www.bmawc.com Address: # 9 Vraj Complex, Opp Ashok nagar, Prernatirth Derasar road, Satellite, Ahmedabad - 380015, Gujarat, India Facebook: www.facebook.com/ Whatsapp: +917878494848 Blog: www.goal20percent.blogspot.com    |
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