19 May 2015

NIFTY OUTLOOK FOR WEDNESDAY 20-MAY-2015

"Sell Rel infra below 450 tgt 444/433 sl 462"
"Buy icici bank 320 call 4.8 Tgt 6.9/8.2 Sl 2"
The current month Nifty futures saw unwinding by players. After a weak start, equity traded volatile on Tuesday and closed flat in the end. Nifty, after reclaiming the 8400 mark, touched the session’s high of 8427 intra-day, before succumbing to selling pressure at higher levels and settled the day lower by 8 points, at 8365. Nifty opened with a negative bias and later it made a high at 8427, but in the second half it closed at 8365 down around 8 points, despite strong international cues. Nifty had surged to breach 8400-level at 8427, up 54 points from the previous close. The index, however, shed almost 100 points from day's high to a low at 8335. The Nifty eventually ended with a marginal loss of eight points at 8366.
The index is clearly looking bullish. It has cleared the all-important hurdle of staying quite comfortably above the 8350-resistance level. Now, it needs to build upon this momentum ad clear 8400 for a minimum in tomorrow’s session. The high of today, 8427 is the most critical level for the index for the tomorrow; on the downside, the levels between 8330 and 8315 would act as the crucial support for the Nifty bulls. Now, if it will to move up, the range between 8440 and 8480 would act as a strong supply zone.
In case it once again slides below 8315 through 8285 critical support zone for any reason and if that happens on volume based selling we would be back to square one
More about intraday tips on Google +
RESISTANCE: 8400, 8450, 8500
SUPPORT:  8350, 8300, 8250

6 comments:

  1. These Stock Nifty Tips can raise high in the stock market. It provides 90% accuracy Nifty Option Tips in stock and commodity verticals. So invest in large stocks of your choice and this will help you save money.
    Nifty Option Tips

    ReplyDelete
  2. Tata Steel tanks 4 percent after it posted a very disappointing March quarter results.Bajaj Auto, Hero, Vedanta and Tata Power are other losers in the sensex.Gainers are Coal India, SBI, M&M, ONGC and Axis Bank.Stock Market Tips

    ReplyDelete
  3. For trading in stock market some good information on equity is really helpful. Thanks
    Nifty tips

    ReplyDelete
    Replies
    1. Thanks for reading out blog u may also check option

      Delete