For Friday, August 14, 2015, the trend deciding point for the day for Nifty emerges at 8332 mark. On its down move Nifty is expected to take support around 8332. If this mark is broken due to strong selling pressure, then the next support is expected to emerge at 8267 mark. But this will be possible only if there is a sharp down move. On ascent, the first resistance exists at 8463 mark. A sharp up move can make nifty cross this level and make it reach to 8530 mark. An intermediate resistance exists at 8433 mark. If there is not much demand, then Nifty can reverse from here for downside, instead of 8463 mark. On the other hand, an intermediate support exists at 8370 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8332 mark.
| Karan Luhana Equity Expert, R K Broking |
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