17 November 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 18 NOV 2015

“BUY NIFTY 2 LOTS ABOVE 7855 TG 7900/7930”
Nifty future opened on a strong note but recovered from the low 7801 and closed the day in the positive. 7800-7740 is the immediate support below which 7690 is an important demand line. Fresh supply may be expected if the 7740 is decisively breached which may then take it down to the 7725, 7700, 7665 levels.
Level 7900-7990 is an 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 7990-8030 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. Equity benchmarks lost some gains in last hour of trade amid volatility. The Sensex rose 117 points to 25877 and the Nifty gained 31 points at 7837.
RESISTANCE; 7880, 7950, 8000
SUPPORT; 7801, 7721, 7680

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