General Trading Chat

Yes. I also have same opinion that 7950 to 8100 is an imp support zone and market may break it soon becaus the upside volume has dried up and down side volume is increasing. Also 8300 is first resistance and 8550 to 8650 is second imp resistance zone. I am expecting market to break the support zone and give a good range to trade in December irrespective of christmas holidays.

Regards
 
seems like accumulation is happening on eod in nf 8076-7927.20 is an imp level for me any successful test in this zone or strong demand here may become a catalyst for an upmove to happen. upside intermediate term ret is at 8462.70-8588. nf on eod is close to oversold condition weak holders have already been shaken out of long positions on 9-11-16
Nifty is protecting itself at every 500 pts. 8500.. 8000.. Let's see what next.
 
SBIN has broken its PDL and now not coming back into the previous days range. Same is with canbk. Only HDFCBANK is into previous days range and giving support to BANKNIFTY.
 
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