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NIFTY: The Trend Deciding Point Works Out At 8739 Mark

By eForex TraderStock MarketsFeb 05, 2015 12:30AM ET
www.investing.com/analysis/nifty:the-trend-deciding-point-for-the-day-works-out-at-8739-mark-240903
NIFTY: The Trend Deciding Point Works Out At 8739 Mark
By eForex Trader   |  Feb 05, 2015 12:30AM ET
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For Thursday, February 5, 2015, the trend deciding point for the day works out at 8739 mark. Since this level is very near to the recent close of 8757, there are chances that this level could be breached. If this level is breached, then Nifty is expected to move towards support zone of 8671 mark. But this is possible only if there is a sharp down move. On ascent, the level of 8808, the first weekly support, which should now act as a resistance, is the first objective. In case of a sharp up move, the crossover of this resistance is to take Nifty to the next level of hurdle, which emerges at 8877 mark. The intermediate resistance stands at 8780 mark. If there is not much demand, then Nifty can reverse from here instead of 8808 mark. On the other hand, the intermediate support stands at 8723 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8671 mark.

NIFTY: The Trend Deciding Point Works Out At 8739 Mark
 

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NIFTY: The Trend Deciding Point Works Out At 8739 Mark

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Comments (10)
arvind kaaliya
arvind kaaliya Jul 27, 2021 1:52AM ET
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nifty updet 15850 se
Vijayachander Peddi
Vijayachander Peddi Jul 27, 2021 1:52AM ET
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hey check this news belongs to 2015
Lalit Vyas
Lalit Vyas Dec 14, 2020 11:05AM ET
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No that point is 7887
Jignesh Doshi
Jignesh Doshi Aug 05, 2020 9:20PM ET
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nifty predicted I think cross new high in September
akash dogra
akash dogra Aug 02, 2020 6:53AM ET
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91000
Rajesh Patel
Rajesh Patel Aug 02, 2020 6:53AM ET
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khotu
Vishal Gawde
Vishal Gawde Jul 22, 2020 1:12PM ET
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A retracement of 50% is likely to happen on the lower side or a 2nd corrective, which is 10700. But market seems to move higher in coming days as per Elliot wave. 11232 is the sl for target 10700
SANKAR T.
SANKAR T. May 05, 2020 11:27AM ET
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I expect nifty closing 8800at expiry.operators are comfortable in trading between a range and making profits.its a just buying and selling in huge volumes.no fundamental investment or exit
rajesh natarajan
rajesh natarajan Apr 19, 2020 12:21AM ET
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you. are right sir
ankush nayyar
ankush nayyar Mar 12, 2020 12:44PM ET
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2020 here again
Aamir Mohammed
Aamir Mohammed Feb 05, 2019 12:13PM ET
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And it's Feb 5th again today however 2019. yet 8739 is possible ;)
Ganesh Wakshe
Ganesh Wakshe Jul 06, 2017 3:15AM ET
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Nifty
 
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