29 September 2014

NIFTY OUTLOOK FOR TUESDAY 30-SEP-2014

Friday’s SBIN 2400 Put rocks..!! 1st target achieved...
Range bound movement was there in the market today. The Sensex ended on a flat-to-negative note as bulls lacked charge after a sharp rise in previous session. Buying action was seen in stocks from broader markets which were beaten down recently.  Nifty was failed to touch the level 8000. Today Nifty closed at 7,958. It touched a high of 7,991 and a low of 7,934 in trade today. Total 57 points was moved by nifty throughout the day.
Now levels 7970-8000 become a hurdle for nifty.Tomorrow if nifty cross the these levels then only some movement can be expected or else bears will take nifty to 7920-7900 levels. For tomorrow 8020-8055 will act as a higher resistance levels while 7030-7900 will act as major supporting levels for nifty. 
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RESISTANCE: 7950, 8000, 8050
SUPPORT:  7900, 7850, 7800

1 comment:

  1. SELL GOLD (DEC.) BELOW 26955 TG-26925/26880/26830 SL-27000 (CMP-26966)
    Commodity tips

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