28 July 2014

NIFTY OUTLOOK FOR WEDNESDAY 30-JULY-2014

Petronet Future Call rocks achieved all the targets.....!!!
Nifty 7800 put Target 1st achieved..!!!
Market movement was completely bearish throughout the day. After opening with a firm note the market slipped into the red. . The Sensex ended the day at 25,991 down 135points .Nifty index traded with a negative bias throughout the day.Today nifty started from 7782 made a high of 7791 and low of 7725 and closed at 7748 down 41points. Total 66 points was moved by nifty future. It would be a bearish trend for the market for next two days or till expiry. In nifty chances of correction would be there, correction would not be for 200-300 points but 75-100 points’ correction looks very likely. For Wednesday 7790 will act as strong resistance level for nifty, if it failures to take this level then, it will take nifty to 7700-7680 level. Overall sideways to negative… & sell on rallies for Wednesday.
More about intraday tips on Google +
RESISTANCE: 7780, 7800, 7820
SUPPORT:  7760, 7740, 7720


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