26 August 2014

NIFTY FUTURE OUTLOOK FOR WEDNESDAY 27-AUGUST-2014

Volatility was witnessed in the market today. The Sensex managed to close in green at 26,442 after losing over 120 points in intraday trade on Tuesday, supported by gains in ITC Sun Pharma HDFC, Tata Steel and Tata Motors.
The Nifty closed above its crucial psychological level of 7,900, weighed down by losses in capital goods, power, Oil & gas and banking stocks. Today nifty future started at 7895 made high of 7918 and low of 7871 and closed at 7908, total 47 points was moved by nifty future throughout the day. 

Bulls have not lost in the game; bulls had a good recovery at the time of closing. So for tomorrow on wednesday Nifty future may face the hurdle between 7920-7943 ,If index continue to sustain above 7945 we will witness the level of 7955-7975 by tomorrow.at the other 7900-7870 will be act as major supporting levels for nifty future.
More about intraday tips on Google +
RESISTANCE: 7920, 7950, 7980
SUPPORT:  7890, 7860, 7830

No comments:

Post a Comment