4 November 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 5 NOVEMBER 2015

FOR TWO DAYS FREE TRIAL CALLS OF NIFTY FUTURE CASH OR OPTION PLEASE FILL UP THE FORM GIVEN HERE>>>>>>>
Nifty Futures opened on a bullish note with a gap on strong global cues but failed to clear the resistance in the 8130-8135 region and closed the day with modest gains at 8083, though below the 8100 region. The Sensex is up 112 points at 26703 and the Nifty is up 22 points at 8083. The 8052 region has held on declines and weakness will be signalled if this region is decisively breached.
Fresh offloading is likely below 8022 and then maybe the 8000 region too may come under pressure; but as long as the support around 8022 holds, some pull back is likely as the bulls may again try to make a go at the 8100 region and once above that, they may try to pull it up above the 8140 region. The 8140-8220 regions is a strong supply zone populated with a lot of resistances, and sustained buying is needed to cross this region. A failure to cross the 8140 region decisively will actually signal weakening of the uptrend and the Nifty future may seek lower levels.Nifty is showing downtrend for tomorrow’s market with level of 8100 pivot. Trade nifty as per support and resistance given below. Be in bullish trend above 8110 else better to be trade in bearish market.
RESISTANCE; 8090, 8140, 8200
SUPPORT; 8015, 7960, 7920

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