18 September 2014

NIFTY FUTURE OUTLOOK FOR FRIDAY 19-SEPTEMBER-2014

Buy Tatamotors 540 Call @ 3 Tgt 4.80/6.50 Sl 1.20
Sell SBIN Future Below 2615 Tgt 2595/2575 Sl @ 2635
Bulls are back in the action…!!! The Indian markets staged a strong comeback in trade today after a weak start. As the concerns of earlier-than-expected hike US interest rates eased, bulls took the charge. Fresh buying and bout of short-coverings helped the Nifty cross 8,100 marks. A very strong recovery was there in the market. Nifty crossed the level of 8100.Today nifty future started at 7964 made a high of 8143 and low of 7956 and closed at 8132. Total 187 point was played by nifty future throughout the day. 
Next expected levels from nifty will be 8150-8170 once if these levels will be achieved then nifty will come back again at 8200 level and will try to achieve the level 8250. The levels 8120-8070 will be act as supporting levels for nifty future.
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RESISTANCE: 8150, 8180, 8210
SUPPORT:  8120, 8090, 8060

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