22 September 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 23 SEPTEMBER 2015

Taking a sharp U-turn by giving up all the early gains, the Sensex slipped into the negative terrain tumbling by over 541 points, tracking weak European markets amid lingering global growth worries.
The Nifty too came under pressure, which cracked below the 7,900-mark at the fag end of the session on Tuesday. Sentiment turned off-colour after European markets declined in early trade as investors weighed Federal Reserve pointers that global growth concerns that delayed a rate hike last week could be temporary.Dragged by sharp sell-off, the market has ended with losses. offloading of bets by participants ahead of September expiry in the derivatives segment on Thursday queered the pitch. The Sensex plunged down 541 points or 2.1 percent at 25651. The Nifty crashes 165 points or 2.1 percent at 7812. About 977 shares have advanced, 1712 shares declined and 107 shares were unchanged..The Nifty index also plunged below its crucial psychological support of 7800. However, the index managed to end slightly below 7,800 towards the end of the session.
DAILY RESISTANCE FOR NIFTY: 7935, 8092, 8328, 8564
PIVOT POINT: 7856
DAILY SUPPORT FOR NIFTY :  7699, 7620, 7384,7148

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