17 September 2015

NIFTY DAILY CHART & NIFTY OUTLOOK FOR FRIDAY 18 SEPTEMBER 2015

DAILY RESISTANCE FOR NIFTY: 7992, 8000, 8056, 8123
PIVOT POINT: 7922
DAILY SUPPORT FOR NIFTY :  7925, 7855, 7788,7721

DAILY CHART FOR NIFTY






















FED MEETING ON THE WAY
GLOBAL MARKETS GETTING CAUTION NOTE
NIFTY REACTING FOR THE SAME
NIFTY CLOSES AT 7896
"BUY  NIFTY-FUT ABOVE 7900 TARGET 8000/8100
SELL NIFTY-FUT BELOW 7850 TARGET 7800/7700 "

The Sensex is up 131.55 points or 0.5 percent at 25837.48 and the Nifty is up 30.05 points or 0.4 percent at 7859.15. A close below 7900 and 7852 support has again signalled weakness but having closed above 7800, the bulls still have hope. 7885 remains the important resistance which must be decisively crossed for fresh momentum. 7930-7940 zone is an important hurdle which must be decisively crossed for any meaningful rally from here. 7812-7800 is an important demand zone and a decisive breach of 7770 at this juncture will signal weakness. A close below 7690 may lead to fresh panic offloading.

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