29 September 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 SEP 2015

FOLLOW UP OF CALL GIVEN YESTERDAY 28 SEP 2015
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WWW.WEALTHWISHERS.COM
"BUY RELCAPITAL FUTURE ABOVE 370.50 TGT 373.40/378.80 SL 366.20"
Domestic equity markets reversed losses while the benchmark 10-year bond surged to its highest in more than two years after the Reserve Bank of India (RBI) cut interest rates by a bigger-than-expected 50 basis points and allowed for steady increase in foreign investment limit in government securities. The Sensex closed 161 points up at 25,778. Sensex rallied nearly 700 points in intra-day trade on Tuesday from its day's low of 25,287 to reclaim the crucial psychological level of 26,000 .Nifty closed 47.60 points up at 7,843.
Nifty index managed to rally past its crucial resistance level of 7,900, after The RBI cut the repo rate from 7.25 per cent to 6.75 per cent, while it left cash reserve ratio unchanged at 4 per cent. Even the negative cues from the Asian markets dented sentiments. Japan's Nikkei index plunged by 4.05 percent. Hong Kong's Hang Seng index declined by 2.97 percent, while China's Shanghai Composite Index receded by 2.06 percent.
RESISTANCE: 7994, 8113, 8377, 8641
PIVOT POINT: 7849
SUPPORT:  7730, 7585, 7321, 7057

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