Saturday, August 16, 2014

NIFTY FUTURE OUTLOOK FOR MONDAY 18 AUGUST,2014

The Week was ended on a green note, sensex and nifty future both regained their most crucial and psychological levels, market regained due to firm buying in key sectors such as FMCG, consumer durables, healthcare, technical, IT, power, oil & gas and banking.. Sensex gained 26000 & the nifty future crossed the level of 7800..Nifty Future opened at 7762..made a high of 7811 and low of 7748 and ended at 7803..nifty future moved in a range of 63 points throughout the day... On Thursday the markets didn't make so many gains, but it hit the new highs.
We are expecting the up-trend is likely to continue on Monday also due to gains in banks,capital goods and oil & gas majors......
A very good trading session we are expecting for Monday...The Nifty future is vacillating near about 7815 level. Bulls will try to achieve the target of 7840 Once this level is taken out convincingly, the chances will become bright for touching the level 7870 While on lower side it has a strong and immediate support of 7750.
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RESISTANCE: 7820, 7850, 7880

SUPPORT:  7790, 7760, 7730

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  2. The Nifty hits at record high,up 51.20 points at 7842.90. The Sensex is up 179.63 points at 26282.86. About 1772 shares have advanced, 899 shares declined, and 98 shares are unchanged.
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