2 September 2014

NIFTY FUTURE OUTLOOK FOR TUESDAY 03-SEPTEMBER-2014

Series begin with a positive not.As we have mentioned in our previous post that nifty will be 8000 very soon. Yesterday was the historical day for nifty. Yesterday nifty crossed the most awaited resistance level of 8000 level.Today nifty crossed the level 8100. Today was the second trading session for September series and market was highly volatile throughout the day. Nifty today breached the 8,100 level for the first time and the Sensex closed at new life-time high of 27000 As the Modi government completed 100 days today, the Indian markets were on a roll with benchmark indices hitting fresh record highs on the Street. 
Today nifty future started at 8054 made a high of 8139 and low of 8054 and closed at 8126, total 75 points was played by nifty future throughout the day. Now for tomorrow we believe Nifty future could perform well tomorrow also and scale levels of 8150-8170. And 8090-8065 will act as very good supporting level for nifty future.
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RESISTANCE: 8130, 8150, 8170
SUPPORT:  8110, 8090, 8070

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