I just thought of giving a brief on Nifty's trend - frankly I did n't expect these many friends are following up our site for technical trend....!!!
Range for the day :
Shorter range : 8488 - 8530
The next broader range is 8446 - 8599.50
The overall width is aligned to 8377.30 to 8622.70
This is as per my technical indicators recommended level....!
Caution : I am sure almost all the indicators are showing trend reversal only after closing above 8666...! If Nifty is reversed, this time recovery will be very sharp & In a single day it can cross 8666+
As I keep on telling there is a weak spot in 8440-8480 range, is a kind of foundation alignment prior to 9300+ level....!!! There could be a chance to consolidate this level this time....!
Caution 2 : If 8440 is broken - the next major support levels are : 8377 - 8250- 8111 level...!
Apart from the technical indicators green signal, any positive outcome in US election results, will drive NIFTY above 9000+ level at no sooner time.....!
Caution 3 : When the whole world expects 9000+ , be prepared for the negative side.....! Don't ignore 8000 also....!!!
So, whatever happens, NOV series will fetch us a good yield..... Let us hope for the further more than success than SEP / OCT ------ Hat trick month...!!!
With kind regards,