The Bulls fighting hard to reclaim lost ground!

Date: 24-08-2017

nifty outlook
On Wednesday: The Index opened gap positive and traded in the positive territory in the entire session, finally closed in the green at 9852.5. The Index closed higher for the second straight session. The Nifty made a green real body candle on the daily chart, indicating the Index may witness pull back rally.
The market is still in the positive zone, the bulls need to manage and hold above 9820 levels on a closing basis. The bulls will get an upper hand if it closes above 9904 levels,then it will resume its rally towards 9950-10k again in the coming days.

For Today: The market is likely to open flat with positive today following the subdued cues in the Asian markets. We see 9800-9785-9750 may act as a crucial support zone, whereas, immediate resistance is placed at 9870-9880-9910 levels. Traders are advised to keep a low profile.

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