16 September 2014

NIFTY FUTURE OUTLOOK FOR WEDNESDAY 17 SEP. 2014

The index was in another wide ranging day on the down side it would be in a grip of the bears. Bears have made nifty below 8000 today, Nifty future started at 8051, it made a high of 8056 and a low of 7952 in intra-day trade and closed at 7956, total 100 points was moved by nifty future throughout the day. Now, even if there is a pause and no hint of a quick withdrawal of the liquidity tightening measures recently announced, the market will still fall.
The levels to watch out for, on the downside, are found between 7950 and 7920 to begin with. Most technical indications are suggesting that kind of a scenario panning out....
In case there were to be a sustainable recovery, the Nifty should be able to get past 8070 only if that happens we can expect further upswing. 
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RESISTANCE: 7980, 8120, 8160
SUPPORT:  7940, 7920, 7880

1 comment:

  1. BUY BANK NIFTY FUTURES ABOVE 15860 TG-15885/15940/16000 SL- 15800 (CMP- 15845)
    stock future tips

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