1 September 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 SEPTEMBER 2015

TUESDAY TURMOIL..!!! NIFTY CRACKS 2 % & CLOSED BELOW 7800 MARK
Markets capitulated to selling pressure for second consecutive session on Tuesday and ended with massive loss of around 2%, which dragged Sensex and Nifty below 25,700 and 7,800 levels respectively. The Sensex fell over 700 points and Nifty fell more than 2 per cent on Tuesday to near its lowest in about a year. Today’s markets began on weak global cues as the US markets had closed lower on Monday amid continued uncertainty about China and the Fed. Lower-than-expected GDP data and sell-off in global equities hit market sentiments as the key benchmark indices plunged over 2 per cent on Tuesday. The  Sensex and Nifty tanked 586 points and 185 points at 25696 and 7785. Sensex settled at its lowest level in more than a year while Nifty settled at its lowest level in more than 10 months.
There has been a gradual shift in the trading range to the downside and after today’s breach of 7800 mark indicates that Nifty would further see weakness in the coming days. On the upside, a decisive trade will come, only when Nifty crosses 8,200 and sustains above it.
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RESISTANCE: 8030, 8050, 8100
SUPPORT:  7980, 7930, 7880           

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