8 April 2015

NIFTY OUTLOOK FOR THURSDAY 9 APRIL 2015

Rcom Future call  given yesterday achieved 1st Target. 
SSLT not executed 
FOR SUCH ROCKING CALLS FILL THE FORM GIVEN TO YOUR RIGHT SIDE >>>>>>>>
The market maintained its northward journey for the fourth consecutive session on Wednesday with the Nifty conquering 8700 level. Sensex jumped 191 points to 28707 and the Nifty shut shop to 8714 supported by technology, FMCG, Coal India and Reliance Industries.
After finding support near 8300 levels, Nifty has rebounded sharply and is continuously trading in the range of higher high and higher lows on the charts. Markets may consolidate in the near term as the markets have seen a good rally from the low levels it recently saw and the Nifty is likely to face resistance around 8750-8800 levels.
Moreover, 8800 level of the Nifty can be the near term highest resistance mark, which is 50% retracement of recent downside from all time high to 8270 levels. On the lower side, 8595 level is seen as support zone.
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RESISTANCE: 8750, 8800, 8850
SUPPORT:  8700, 8650, 8600

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