Market Experts believe the trend in world wide, investment by foreign institutional investors (FIIs), the movement of the INR against the dollar & Mcx crude oil prices will dictate market trend in the near term.
"The short-term trend for Nifty futures is high on the daily charts, as the index has seen a positive weekly ends above the 7,700 level and sustaining above the 100-DMA.
As the index has crossed the downward sloping trendline near 7,600 level, it would now act as a strong support, according to change of polarity principle. Thus, in near futures, it may test the levels of 7,800 levels which is its up coming immediate resistance level," said Mr. Rohit Gadia.
"The short-term trend for Nifty futures is high on the daily charts, as the index has seen a positive weekly ends above the 7,700 level and sustaining above the 100-DMA.
As the index has crossed the downward sloping trendline near 7,600 level, it would now act as a strong support, according to change of polarity principle. Thus, in near futures, it may test the levels of 7,800 levels which is its up coming immediate resistance level," said Mr. Rohit Gadia.
Accurate Nifty tips provided by the reputed financial advisory Epic Research helps a lot in trading and that is very profitable.
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