22 December 2014

NIFTY OUTLOOK FOR TOMORROW 23 DEC 2014

Friday’s Rcom future call achieved 1st target..!!!  
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Bulls are back in the action…!!!!! Today bulls take nifty above 8300 level amid positive domestic factors after the introduction of GST Bill in the Lok Sabha on Friday. The 50-share index soared by 98 points to close at 8324. Today nifty opened at 8255 made a low of 8228 and high of 8324. 
Tomorrow on Tuesday another gap up opening could well be likely! We are likely to see further upward movement in the tomorrow’s session. However, the range between 8335 and 8375 would emerge as a strong supply zone, once if these levels will cross 8400 will be the next target for bulls. At the other side if down trend will take place then 8280 will act as highest supporting level for nifty.
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RESISTANCE: 8350, 8400, 8450 
SUPPORT:  8300, 8250, 8200

1 comment:

  1. Jindal Steel and Power has moved higher by 7% to Rs 146 on NSE after the company said it has raised Rs 500 crore by issuing 5,000 non-convertible debentures for cash to Kotak Mahindra Bank.
    Commodity Tips

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