Sunday, August 28, 2016

Nifty Next- Nifty weekly Trading Range 29 Aug-02 Sep 2016

Nifty spot ended at 8572.55 with a fall of -0.20% on 26.08.2016. As per EOD chart of index, major momentum indicators are now showing strength. Our NNI- Nifty Next Indicator has gained strength by +2.60% and it is now at 6.60 showing strength.NNI predicts  that Monday ( 29.08.2016) we  may witness strength in the Index. Nifty either will trade in positive zone or will see a sharp Pull Back from its lower levels.

Nifty will trade within the range of 8523-8755. Breaking these levels will mark the trend reversal. For Nifty-Futures watch these levels 8673/8683/8693/8733/8773. Nifty-Future  has trading range of 7839-9559 for the next 6/9 months.

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