29 January 2015

NIFTY OUTLOOK FOR FRIDAY 30 JANUARY 2015

Buy Sail Future above 76 Tgt 76.80/77.90 Sl 74.70
Sell SBIN Future below 327 Tgt 323/321 Sl 329.90
FOR FREE TIPS OF NIFTY FUTURE, STOCK FUTURE & OPTION CALL PUT JUST FILL UP THE FORM>>>>>>>
It was a roller-coaster ride on January series F&O expiry day as traders saw some wild swings before a late recovery helping major indices end the day at record levels. As the Nifty clocked gains for the 10th straight session, it continued to march towards the 9000-mark. The Nifty scaled the 8950-mark with help from the select pharma and realty stocks.It has been a stellar January series for the market as the Sensex and the Nifty surged more than 9 percent each. 
After a brief pause, stocks continued their upward march on Thursday. The Nifty bounced back in the last hour of trade and closed near the 8950 level on the back of short coverings
on the last day of January series. Index closed at 8950. It touched a high of 8966 and a low of 8861 in trade today.
Just some points short of the coveted 9000 level, it was so close yet so far at least for tomorrow the Nifty level of 9000 remained elusive. In tomorrow’s session, we need to watch out for the support range between 8878 and 8824 unless this potential demand is broken and taken out mostly the attempts to clear the 9000 mark would the Nifty needs to wait.The index needs to take out the level 8966 and get past 8985 for a minimum to remain bullish.
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RESISTANCE: 8970, 8990, 9010
SUPPORT:  8950, 8930, 8910

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