20 May 2015

NIFTY OUTLOOK FOR THURSDAY 21-MAY-2015

CALLS GIVEN IN PREVIOUS POST 
REL INFRA ALMOST ACHIEVED THE TGT   
For such rocking calls keep reading & fill up the form give Here >>>> 
As market is edging higher on rate cut expectations and easing in FII selling, today the trend was positive with limited volatility. The markets opened with a positive and remained in positive zone through the day, without much volatility. Nifty today opened at 8392, made an intraday high and low of 8440 and 8391 respectively and finally closed at 8423 up around 57 points.  But the market breadth turned flat.
BSE Sensex closed at its highest level in nearly one month on Wednesday as blue chips advanced on resumption of buying by foreign investors, while forecast of a timely monsoon continued to raise hopes the central bank would lower interest rates in June.
The most critical levels for tomorrow will lie between 8420 and 8450, if the index were to take out this range on the downside you would know that further pronounced weakness is likely, and we are getting back to square of a range bound market here as well. 
More about intraday tips on Google +
RESISTANCE: 8450, 8470, 8490
SUPPORT:  8430, 8410, 8390

2 comments: