18 November 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR THURSDAY 19 NOV 2015

"BUY JPASSOCIAT FUTURE ABOVE 12.65 TG 12.85/13.2 SL 12.3"
"BUY HDIL 60 PUT @ 1.15 TG 1.45/1.95 "
YESTERDAY’S NIFTY CALL NOT EXECUTED
Wednesday Weakness! Nifty closes over 100 points lower, Sensex ends below 25500.A host of measures announced by the government in the road and infrastructure segment failed to cheer the market today. The Sensex and Nifty came crashing down on Wednesday as investors chose to offload shares. Market breadth remained fairly negative. The S&P BSE Sensex slipped below its crucial psychological level of 25500, while broader CNX Nifty settled below its key support level of 7750.  The BSE Sensex opened at 25838, touched an intra-day high of 25890 and low of 25457. It finally ended with a loss of 382 points at 25483. The NSE Nifty opened at 7823 hitting a high of 7843 and low of 7725, before ending with a loss of 106 points at 7732.
The 7705-7665 is the immediate support below which 7642 is an important demand line. Fresh supply may be expected if the 7630 is decisively breached which may then take it down to the 7600, 7550, 7500 levels. 7740-7765 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 7780-7800 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.
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RESISTANCE: 7740 , 7770,7800
SUPPORT:     7705 , 7675,7645

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