Nifty Trend For October 4

Nifty Trend For October 4

Updated for-Oct/04/2016

Nifty closed on a strong positive note at 8738.

So today on upside first intra resistance is at 8775-80 level.

Next resistance is at 8812-17,8874-79,8908-13,8942-47,9015-20,9043-48,9090-95,9135-40,9158-63 level.

On downside first support is at 8700-95 level.

Next support are at 8663-58,8602-97,8568-63,8534-29,8487-82,8430-26,8347-42,8325-20,8274-70,8235-30,8190-85,8145-40,8128-24,8075-70,8028-23,7997-93,7953-48,7920-15,7881-76,7843-38,7800-97,7760-56,7736-31,7702-97,7679-75,7635-30,7578-73 level.

Market slightly back in bull zone and a up move above 8780 on tomorrow can confirm the positivity. So today for intraday on upside intra resistance are at 8780 and 8817 level and On downside be alert below 8695 and avoid all intraday longs below that level as selling may intensify below that level. 
Positional Support for NIFTY 8720 8700 8677 8615 8418 7986 and positional Resistance for NIFTY is 8760 8783 .
Intraday Resistance of NIFTY are 8812.4 : 8874.1 : 8878.9 : 8898.5
Intraday Support of NIFTY are 8663.8 : 8602.1 : 8598.4 : 8579.2
Oscillator Analysis The oscillator is showing SELL signal

Short Term Oscillator Analysis- The signal is BUY 

NIFTY INTRADAY LEVEL			NIFTY PROBABLE HIGH	NIFTY PROBABLE LOW
R4	8883	BULL	8841	8517
R3	8821	UP BREAKOUT	8776	8582
R2	8799	UP CAUTION	LEVEL FOR LONG	LEVEL FOR SHORT
R1	8784	SELL	8728	8583
PIVOT	8698		LAST DAY	STRONG BULL LOW VOLATALITY
S1	8692	BUY	OPEN	8666
S2	8677	DOWN CAUTION	HIGH	8745.0
S3	8655	DOWN BREAK OUT	LOW	8635.0
S4	8593	BEAR	CLOSE	8738.1
NIFTY MONTHLY LEVEL			NIFTY DAILY VOLATALITY	1.27%
R2	6082	LONG	NIFTY WEEKLY VOLATALITY	2.88%
R1	5976	SHORT EXIT	NIFTY WEEKLY HIGH	8801.0
S1	5765	LONG EXIT	NIFTY WEEKLY LOW	8555.0
S2	5659	SHORT	NIFTY DAY MEAN	8678