16 May 2014

NIFTY FUTURE OUTLOOK FOR MONDAY 19-MAY-2014

On Friday Great volatility was witnessed in the market. In the week ended Friday Sensex gained 1,127 points to 24,121 a record closing high at 25,375  in intraday trade..Today sensex opened at 24271, made a high of 25375, and low of 23873, Closed at the level of 24121.
Nifty was having too much volatility. Nifty future started with 7351 made a high of 7625 and low of 7159 and closed at the level of 7244.today total 466 points was played by nifty.What India witnessed today was a historic moment, and without any doubt the Indian markets are in a long-term Bull Run.
With Lok Sahba election results out, investors will now be keenly watching policy announcements from the new government to drive a turnaround in the investment cycle. While campaigning for the Lok Sabha elections, Narendra Modi, who will become India's next Prime Minister, had pledged to reinvigorate the country's manufacturing sector, create more jobs and overhaul the country's inadequate infrastructure.
For Monday the 7250-7280 levels are expected. And at the down side 7200-7180 proved as very good supporting levels..  
today bank nifty opened at 14679, made a high of 15996 and low of 14300 and closed at the level of 14947.Today total 1696 points was played by bank nifty.for Monday next level for bank nifty will be 14950-15000 and 14900 will proved as a very good supporting levels.
Quality stocks are gaining and the number of new highs against the number of new lows is some 50 to one. Good quality stocks are going into new highs, which is a welcome sign..
More about intraday tips on Google +
RESISTANCE: 7250, 7280, 7310
SUPPORT:  7220, 7190, 7160 

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