27 August 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28 AUGUST 2015

BUY ICICIBANK FUTURE ABOVE 284 TGT 286.50/288 SL 281.7
The Sensex and Nifty gained more than 2 per cent on Thursday, posting their biggest daily gains in two weeks, as upbeat global equity markets sparked a wave of bargain-hunting ahead of the expiry of derivative contracts at the end of the session. Making up for last session's losses, the Sensex surged 516 points, or 2.01 per cent, to settle the day at 26231. The Nifty barometer climbed 157 points, or 2 per cent, to close the day at 7948.
On the lower side, 7885 is the immediate support. 7820-7830 are important levels and a beach of 7630 will signal resumption of the downswing. On the higher side, 7950, 8000, 8050 are important resistance but it must sustain decisively above 8100 region to signal a breather in the downswing and above 8100 for some meaningful pullback.
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RESISTANCE: 7950, 8000, 8050
SUPPORT:  7900, 7850, 7800           

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