NIFTY FUTURES
Nifty Futures closed below its major trend line support zone i.e its previous bottom this indicates bears will be favoured and further price fall can be seen in coming days as long as it holds below its trend line support zone.
Technical chart no.2 indicates that if nifty falls further then on down side it will find strong support @ 7540 its previous bottom as shown in above nifty chart.
Technical chart no.3 is a weekly chart of nifty this indicates it is moving in a down channel this will favour short-long term bears and on down side it will find support around 7540 same its previous bottom.
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Stock major trend indicator "macd" and "slow stochastic" is trading in negative zone this indicates bears will be favoured as long as it trades in negative zone.
On 10th December 2015, Thursday nifty is trading in a flat zone.
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