Last week nifty future gave a gapdown opening on monday and recovered smoothly ignoring all negative from all over the globe but then later china’s crash gripped the market and erased all gains made by that run , last friday nifty future closed at 8376 gaining around 30 points from its last closing but FII were net sellers and stock ratio of buy/sell remained in favour of bears , Today all eyes will be on greece as that drama is still not over and greece crisis outcome will shape the market in upcoming week as well .
Now if nifty future click our resistance of 8430 and sustain above our major hurdle today then expect a breather for buyers upto 8470 – 8500
If nifty future click our technical support of 8330 and sustain below our major base level then expect a party for bears upto 8295 – 8260 and even more
Nifty levels conclusion : Nifty market trend is flat to weak for now
More will update to our subscribers