16 January 2015


“Sell Nifty Future below 8525 Tgt 8490/8450 Sl 8565 “
“Buy SSLT Future Above 196 Tgt 197.80/199.90 Sl 194.20”
Market was in a positive mood after Thursday's massive rally as RBI Governor Raghuram Rajan sprang a surprise by cutting interest rates by 0.25 per cent to boost growth. Markets ended marginally higher at 8513 amid a range bound trading session.. Nifty opened at 8504 made a low of 8452, total 62 points was moved by nifty throughout the day.
Bulls did not let the market down: the Nifty scored a double century with a gap-up opening
that left an all-important vacant space between 8495 and 8520. Assuming that the bulls would try their level best to keep this gap unfilled, at least for the time being, we can expect some more upside from here. For Monday, the crucial levels to watch out would be 8528-8553, if this level will be crossed then new all time high will be achieved by nifty. At the other side 8480-8465 would act as supporting levels for nifty on Monday.
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RESISTANCE: 8530, 8560, 8590

SUPPORT:  8500, 8470, 8440

1 comment:

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