30 January 2015

NIFTY OUTLOOK FOR MONDAY 02-FEBRUARY-2015

As always…..Yesterday’s SBIN Call  rocks..!!! All the targets Achieved…
Sail call not executed…  
FOR MORE CALLS FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE>>>>>>
Today the bulls ride was over. The Nifty missed the 8,900 mark by a whisker.  The 720-point rally of 10 consecutive sessions on the Nifty came to an end today. The index closed 144 points down after a massive intraday fall of 220 points. It is a record high opening as the Nifty approaches 9000-mark on first day of February F&O series. Nifty index slipped in red after rallying to its lifetime high of 8996 earlier in the trading session. The fall in the index was led by losses in metal, FMCG, consumer durable and banking stocks. It closed at 8,808.90, down 143 points. It touched an intraday low of 8775 after hitting a record high of 8996 in trade today. Total 221 points was moved by nifty throughout the day.
The market is heading into a choppy session and nifty may move somewhere around 8700 over the next few days. We need to watch out for the levels of 8750 on the downside and 8850 on the upside to start with. Chances are if it were to stay above 8850 after opening we are likely to see it retesting 8900. On the other hand, if it were to fall below 8750 on high volume led selling then it can seek further lower levels and test 8700 through 8650 support area going forward. More about intraday tips on Google +
RESISTANCE: 8850, 8900, 8950

SUPPORT:  8800, 8750, 8700

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