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View Full Version : Nifty Showing Momentum, Fresh Breakout above 8540 Will Lead To Next Target Of 8647



DynamicLevels
07-12-2016, 09:52 AM
Indian Market Outlook: After a gap up opening above 8415 which was year 2016's high, Indian markets witnessed sharp buying 11th July 2016. The buying momentum in Nifty (https://www.dynamiclevels.com/en/nifty/nifty-share-price) continued throughout the day and it closed at day's high of 8489. The next target according to Dynamic Levels is 8540. Nifty has its immediate support at 8422 which was its Intraday Low for Monday 11th July.The top 5 gainers in Nifty INDEX on Monday were Tata Motors, Adani ports, Bank of Baroda, Tata motors DVR and ICICI Bank.

International Market Outlook: Yesterday, International markets saw a buying spree with European Indices gaining 1 to 2 % and S&P500 Index making its new all time high of 2137. For a fresh breakout the Index should trade above 2157 as historically it has been seen that S&P500 has reversed from 2110 to 2130 levels a number of times. Asian markets too are firm today morning with Nikkei opening gap up at 16000 above its previous week high of 15805 and the up move has continued with it making a high of 16237 and is presently trading at 16124.