13 July 2015

NIFTY OUTLOOK FOR TUESDAY 14 JULY 2015

"BUY VEDL FUTURE ABOVE 149 TG 151.90/153.6 SL 146"
"BUY SBIN 280 CALL @ 3.6 TG 5.3/7.4"
The Sensex advanced 300 points to close at 27,961 and the Nifty rose 99 points to settle at 8,460 after sentiment on the Street got a boost as Greece struck a bailout deal with its creditors. In the first half of today's trading session, the Sensex and Nifty traded on a flat note as selling in capital goods, metals and banking stocks capped gains. However, in noon deals, the sentiment was boosted after Greece struck a bailout deal with its creditors hence ensuring that Greece would not fall out of euro zone. The Sensex advanced 299 points to provisionally close at 27960 and Nifty advanced 100 points to settle at 8461.
In case, Nifty slips and sustain below the crucial support mark of 8350, we might see further decline in coming sessions otherwise sideways bias would prevail. Traders are advised to maintain stock specific trading approach with strict risk management rules.
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RESISTANCE: 8500, 8550, 8600
SUPPORT:  8450, 8400, 8350

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