27 November 2014

NIFTY OUTLOOK FOR TOMORROW 28 NOVEMBER,2014

Yesterday’s SBIN Call Achieved 1st Target..!!!!!!
Nifty eked out small gains in choppy trade. Today was the expiry day for November series derivative contracts, market was range bound today. Nifty settled below the psychological 8500 level having alternately moved above and below that mark in intraday trade the nifty closed with marginal gains, up 18 points at 8494. Nifty started at 8477 made a high of 8506 and low of 8456 total 50 points was moved by nifty throughout the day.
For tomorrow the range could be anywhere between 8490 and 8565 or it could just be 8485 and 8407 thus, a range of 50 points to a maximum volatility of 75 points is all that they tend to anticipate in tomorrow’s session. The critical levels that could act as a fulcrum for tomorrow will locate between 8490 and 8515. What this implies tomorrow would not be strength above and weakness below but that the epicenter of tomorrow’s Nifty swing could well be located in those 25-point zones.
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RESISTANCE: 8520, 8550, 8580
SUPPORT:  8490, 8460, 8430

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