10 November 2014

NIFTY OUTLOOK FOR TUESDAY 11-NOVEMBER-2014

Friday’s Tatasteel future call rocks..!!! Achieved 1st Tgt... Axis bank call not executed
Buy Rcom 105 Put @ 3.20 Tgt 4.50/5.90 Sl 1.40
Volatility was witnessed in the market today. The Nifty ended at all-time closing high even as it gave away most of the intraday gains in a range bound session. The nifty closed at all-time closing high of 8,344. It hit a record high of 8,383 and an intraday low of 8304 in trade today. Total 79 points was moved by nifty throughout the day.
Market players said sentiment was upbeat on hopes that the government will accelerate economic reforms process after expansion of the Union Cabinet, lifting the Sensex and Nifty to new highs.Tomorrow nifty will try to reclaim the level of 8385-8395 if this level will strongly achieved by nifty then new 8420-3455 will act as higher resistance levels for nifty while the level 8320-8295 will act as a supporting levels for nifty.
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RESISTANCE: 8350, 8400, 8450
SUPPORT:  8285, 8235, 8185

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