18 August 2014

NIFTY OUTLOOK FOR TUESDAY 19-AUGUST-2014

As yesterday we have predicted,  uptrend was there in the market today.Week begin with a positive note.Today market made a new all time high.The Indian markets were on a roll today, with the Sensex and Nifty making fresh life highs, led by gains in banks, auto and energy counters. The new lifetime high for Sensex is 26,406; and that for Nifty is 7,880. Today bulls take nifty future to 7886 which is very close to the level 7900.Nifty future edged higher and hit a fresh high of 7886 at the onset of trading session. It made a low of 7772 and finally recovered from here to end at the level of 7872, total 114 points was moved by nifty future throughout the day.
The rally goes on unabated! Unless the Nifty falls below 7770 and stays above that level in tomorrow’s trading session the bulls would continue to hold the reins...tomorrow nifty future will move in the range of 7890-7965... 
Nifty will witness  the level 7950 very soon , if nifty sustains this level we would see nifty at new high of the level 8000 very soon.
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RESISTANCE: 7890, 7920, 7950
SUPPORT:  7860, 7830, 7800

3 comments:

  1. Nice analysis sir!!!
    Yesterday your long view was very helpful for me!! Thanx alot

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    Replies
    1. thanks Mr Ravindra for putting effort to appreciate us ,it means a lot to us.

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  2. The market ends on another record high level. The Nifty ended at 7897.50, up 23.25 points while the Sensex was up 29.71 points at 26420.67.
    Nifty future tips provider India

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