4 September 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 MONDAY SEPTEMBER 2015

The market is still struggling with the nifty falling below 7770.  Continued selling pressure by the foreign portfolio investors, weakness in rupee and global jitters weighed on the sentiment. Market breadth for the day remained negative as advances to declines ratio for Nifty stood at 4:46 for the day. The Sensex ended down 562 points at 25201 and the Nifty tanked 165 points at 7657. The Sensex and Nifty closed 562 points and 167 points lower at 25201 and 7655, respectively.
Nifty future opened on a negative note and thereafter remained range bound for the better part of the day. 7630-7600 zone is the immediate support for this index, below which it is likely to get support in the 7550 region. At this juncture, 7700 is a critical support region and fresh selling may be expected if this is decisively breached. Below 7700 resumption of the downswing will be signalled. On the higher side, 7750 is the immediate and it must sustain above this region for some meaningful pullback.
More about intraday tips on Google +
RESISTANCE: 7700, 7750, 7800
SUPPORT:  7650, 7600, 7550

No comments:

Post a Comment