Market Poised For A Big Move Ahead #niftyfuture
Nifty future closed the week on a positive note. After two negative close days for the week, Nifty managed to close the Friday trading session in positive at 10770.60
The overall trend is up, The market is spending time in consolidation before a big move begins.
The bias for #niftyfuture is positive.
As per the Technical Analysis, The nifty shall face strong resistance at 10815-10900 once the bulls manage to sustain above 10900 there will be a sharp rally towards 11500.
The nifty support for the market is at 10600-10535, The bears will try to break below 10535 for a big fall. Until unless we do not break 10535 this market is offering a buying opportunity on every strong market declines.
Stock Specific action shall continue in coming days both on the bullish and bearish side.
Looking at the weekly charts and broader time frame next week is very crucial for the market to break the range and sustain above 10900. If the market starts moving below 10535 we shall see a sharp big correction which can take markets below 10000 levels.