16 November 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 NOV 2015

"BUY NIFTY ABOVE 7830 TG 7880/7900"
Nifty future continued the upswing and tested the resistance region around 7857 before giving a major pull back to close the session off the high  of the day but with gaining. A decisive breach of 7830 will lead to fresh strongness and then a test of the 7900-7970 region and above that 8000 could also be a possibility.
Level 8000-8100  is now the important hurdle and must be taken out for any show of strength by the bulls but the real test of strength will be around range 8200-8260 which may act as a critical zone to watch out for now and must be crossed decisively for signal that it is on the path to recovery.
RESIATANCE; 7860, 7950, 8000
SUPPORT; 7725, 7650, 7600

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