26 May 2014

NIFTY FUTURE PREDICTION FOR 27-MAY-2014

"Hindalco  CALL given in our last post( 23 may) rocks …!!!!!! Achieved all targets "
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NIFTY FUTURE OUTLOOK FOR TUESDAY 27-MAY-2014
In today’s session very volatile momentum was witnessed near to the expiry. After 16 may today only this much movement was witnessed by the market. Today sensex started at 24913 made a high of 25175 and low of 24433 and closed at 24716.Today nifty future crossed the level of 7500. Today’s nifty starting was at the level of 7450 then it goes high to the level of 7513. in afternoon session market comes down side.today lowest level of nifty future was 7267 and session closed at the level of 7361,total 246 points played by nifty future. Today Mr. Narendra Modi is going to be sworn at as the country’s 15th Prime Minister later today and the financial markets are expected to salute him on the occasion with yet another rally. Market momentum will be bullish for some more days due to  traders roll over positions in the futures & options segment from the near month May 2014 series to June 2014 series. The contract expire on Thursday, 29 May 2014.
Tomorrow also we are expecting that market will continue its bullish momentum and will try to touch the level of 7400-7450.and at the down side 7300 will be proved as a very good supporting level.
As we have predicted 15500 level for bank nifty Today bank nifty succeeds to touch 15500 level. Today bank nifty started at 15452 made a high of 15625 and low of 14969 and closed at the level of 15192.If the index will continue to manage the level 15500 then chances are, we might see the strength being carried forward and it could just make it to the 16000+ levels. However, staying above 15500 or even better above 15700, the upward movement of the bulls would continue. However, if 14951 level is taken out decisively by saving off another 100 points then the bank bulls would surely have a heady problem at hand.
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RESISTANCE: 7400, 7420, 7460
SUPPORT:  7380, 7360, 7340

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