Nifty Future for July 8 - Viral Joshi

Pivot is 4200 and support is 4100.

S1 4150; S2 4120; S3 4100; and

R1 4180; R2 4200; R3 4220/4250.

Buy above 4180 and if it breaks 4190 then 4200-4220-4250-4300.
Short below 4160 and if it breaks 4150 then 4135-4120-4100.

Daily moving averages:

5DMA 4296;
20DMA 4368;
50DMA 4171;
200DMA 3366.

Bank Nifty

Pivot is 6950 and Support is 6750.

S1 6950; S2 6900; S3 6850/6800; and
R1 7000; R2 7050; R3 7100/7150.

Buy above 7000 and if it breaks 7020 then 7050-7100-7150.
Short Below 6950 and if it breaks 6920 then 6900-6850-6800.

Dow Jones

Pivot is 8,215 and support is 8,100.

S1 8,150; S2 8,120; S3 8,100; and R1 8,215; and
R2 8,250; R3 8,300/8,350.

Above 8,215 Dow is positive and below 8,150 Dow is negative.

Gap Down Opening Today of 35-45 points.

If Nifty succeeds in holding 4100 level till 4500 level is not broken, then Nifty lead towards big break out of 4750, else 3700 as H&S would be triggered.

Trend Can Change to be negative and if and only if 4100 Broken. Till then it is bullish.

Nifty Update for JUly 8 - Inder Bhatia

The Indian market opened on a flat note and saw a choppy session closing with a positive note. As Nifty was getting selling pressure around 4220 zone and taking support around 4160 zone. If Nifty traded above 4230 it can test 4265-4310. On the higher side 4330-4350 zone one can watch to build short positions and trading below 4140 levels we can see a sharp sell-off.