Mohit Jhanji Follow Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Nifty December Future Weekly Observation – Wealthcreator

December 7, 2014 32 sec read

Nifty

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Nifty Future Hurdle : 8630
Resistance : 8665 8710
Support : 8565 8530

Nifty December future made low 8540 and closed the week at 8582.55 Till if remains below 8630 the short term trend will remain down. The next support for the market is at 8530 below which expect correction up to 8420. The weekly trend for nifty turned negative. The momentum indicator RSI has also turned downwards direction.

Fresh buying & short covering will happen in nifty future only once market sustains above 8630 future levels.

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