Intraday market outlook for 7January

Yesterday we gave you all Support level 5265 on Nifty fut , and a resistance level of 5294-5315, and everyone watched Nifty fut facing hurdle at 5315 on opening bell, and then after whole day struggling to cross 5294 level. Hope all of you must be minting money with highly accurate market view and stock calls provided by Team EAIB.

Our market view for 7January, remains the same as we have said yesterday. Nifty fut will face resistance at 5294 level, once this level is crosses and sustained for some time , we will see markets to go to higher levels of 5315-5332-5370 levels. Bulls have to try hard to cross n sustain above the resistance level of 5332, unable to do so, bears will attack decisively and will make all possible efforts to drag down the markets. However, on lower side now 5265 is support level. Any good news for bears will come only if the Nifty fut, breaches and sustains below 5265 mark, and if it happens we can see markets sliding down to 5245-5220-5202 levels. Till Nifty fut is trading above the level of 5200, all dips can be used for strategy of buy on dips and sell on rise.



Nifty Levels
Resistance - 5294-5315-5332-5370
Support - 5265-5245-5220-5202
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Intraday Calls

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