13 March 2015

NIFTY OUTLOOK FOR MONDAY 16 MARCH, 2015

“BUY MARUTI FUTURE ABOVE 3680 TGT 3699/3720 SL 3654” 
“SELL ICICIBANK FUTURE BELOW 331 TGT 328.50/325.40 SL 338” 

MARKET RETRACED A FALL ON FRIDAY …!!!!!!!!!!! 

Today we have seen India specific impact in the market.  Friday, marking its biggest weekly falls this year, as lenders slumped after an increase in consumer inflation data raised concerns about interest rate cuts and sent bond yields surging. After a positive opening, the markets came under pressure and slipped into the negative territory. The major technical indicators are still in the sell mode and today when markets opened with an upside gap, investors might have been booked profits, caused sell-off.The Indian markets crumbled under renewed intense selling pressure as overnight pullback rally ran out of steam with Nifty index plunging 128 points to 8647 their lowest levels in one month.Nifty touch an intra-day high of 8849 and low of 8631. Total 218 points was played by nifty throughout the day. The bearishness of market continues for today this is very negative node for Monday.Now breaching the support line of 8600 will invite more woes in the market while a trade above 8700 will provide a good positive remark of it. 

More about intraday tips on Google + 

RESISTANCE: 8690, 8740, 8790 

SUPPORT:  8640, 8590, 8540



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