14 July 2014

NIFTY FUTURE OUTLOOK FOR TUESDAY 15-JULY-2014

See-saw movement was there in the market today. After a flat opening the market dropped down in the afternoon session. The sensex & nifty both hits lowest level almost in a month. The sensex is hovering around the level of 25000, while nifty is oscillating around the 7450-7475 level. Market was alternatively moving to the negative & positive zone. At the time of closing the sensex was marginally above at the level 25,006 led by losses in Infosys, HUL, HDFC, ICICI Bank and Wipro, while nifty closed at 7454. The Nifty future started at 7488 made a high of 7505 and low of 7445 and closed at 7482 total 60 points was played by nifty future. . Volatility is expected between 7376 and 7357 on the downside and 7470 and 7520 on the upside, over the next few days.
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RESISTANCE: 7450, 7480, 7510
SUPPORT:  7420, 7390, 7360

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