15 September 2014

NIFTY OUTLOOK FOR TUESDAY 16-SEPTEMBER-2014

Market movement was completely bearish throughout the day. After opening at 8100 nifty future slipped down due to losses in bluechips tracking tepid China data and US rate hike fears, even as August domestic inflation eased to nearly 5-year low. Today nifty future started at 8100,it  was the highest level of nifty for today. Then after that nifty slipped down at 8048, at the time of closing it tried to recover but was failed and nifty future closed at 8058. Total 42 points was moved by nifty future throughout the day.
Tomorrow on Tuesday bulls will try to comeback to their comfort zone of 8090- 8120,  if they failed then bears will take nifty at 8020-8000 levels.
More about intraday tips on Google +
RESISTANCE: 8050, 8080, 8110
SUPPORT:  8020, 7990, 7960

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