25 September 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR MONDAY 28 SEP 2015

In a truncated week, key benchmark indices closed 1.4 per cent down on China worries following weak macro data, profit-booking and unwinding of positions on account of September derivative contracts expiry. Market is closed on Friday on account of Eid. On Thursday, benchmark share indices ended marginally higher, amid a volatile trading session, following the expiry of September derivative contracts. Sensex and Nifty closed 355 points and 113 points down at 25,863 and 7,868, respectively, for the week ended September 24.
SEPTEMBER F&O EXPIRY
Nifty future has seen Rollover of around 59% from September to October series, rollover are comparatively low from averages which indicates that bulls and bears both have not taken their position aggressively as market stuck in a broader range and yet not given any decisive sign of movement on either side even after making a short term bottom near to 7550 zones.
GLOBAL MARKETS
Asian stocks were trading with marginal losses after China shares pared early gains despite the capital infusion today by its central bank as investors remained . US stocks ended lower on Thursday amid selling pressure in healthcare stocks while shares of index heavyweight Caterpillar eased after the company reduced its sales forecast. The Dow Jones ended down 79 points at 16,201, the tech-laden Nasdaq slipped 18 points at 4,734 and the S&P 500 ended down 7 points at 1,932.
RESISTANCE: 7911, 7953, 8052,8151
SUPPORT:  7812, 7755, 7656,7557s

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