18 November 2014

NIFTY OUTLOOK FOR WEDNESDAY 19-NOVEMBER-2014

Buy Infy Future above 4200 Tgt 4228/4247 Sl 4184
It was a choppy session that saw both Sensex and Nifty close flat with a negative bias after hitting fresh intra-day record levels in early trades. The Sensex closed at 28163 down 0.05 percent and the Nifty closed 0.06 percent lower at 8426 levels.Nifty opened at 8441 and made a high of 8454 and low of 8407, total 47 points was moved by nifty throughout the day.
For tomorrow bulls will try to take nifty to the level 8450-8465. Once  if Nifty breaks out above 8450 levels decisively the Nifty could see further 100-150 point gains, and for tomorrow 8350 will act as a supporting level for nifty.
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RESISTANCE: 8450, 8480, 8510
SUPPORT:  8420, 8390, 8360

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