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L.Vigneshwaraprakash posted an update 8 years, 6 months ago
friday nifty(11.6.2015)
todays nifty is expected to be in bearish trend. But yesterdays price is resting at fibonacci retracement level of 38.2. still. todays market will have bearish pressure due to panic selling and time gap of saturday and sunday . the stocks which are performing well or maintaining in bullish can be pulled down due to the nifty level but when the nifty is about to change bullish these stock will pump first .
the nearest resistance level is near 8010 to 8020 level . the next support lies near 7885 level.
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friday,s nifty(11.6.2015) showed some bullish pressure and it shows that there was buyers coming in to the market but still the resistance level is not breaken so it indicates that buying pressure is not strong enough to break the bear trend .