14 December 2015

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 15 DEC 2015

“BUY NIFTY FUTURE ABOVE 7700 TG 7730, 7770 SL 7650”
FOR MORE CALLS OF NIFTY FUTURE,STOCK FUTURE,CASH OR OPTION CALL & PUT FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>> 
Bulls are back in action..!!!!The Sensex & Nifty both indices closed in green today. In a volatile trading session on Monday, the  Sensex settled 106 points higher, while broader CNX Nifty managed to hold its key support level of 7650 after data showed the November WPI inflation moved up to (-)1.99 per cent as compared to (-)3.81 per cent in October.  
The BSE Sensex opened at 24936, touched an intra-day high of 25194 and low of 25868. It finally ended with a gain of 106 points at 25150. The NSE Nifty opened at 7558 hitting a high of 7664 and low of 7551 before ending with a gain of 40 points at 7650. Market breadth remained positive. Investors were somewhat comforted after data released late on Friday showed industrial output grew a much stronger-than-expected 9.8 per cent in October from a year earlier, its fastest pace in five years.
On Tuesday Nifty future may open around the 7655-level. The moot point is whether it stays above the critical level of 7650 or not even if it were to open lower. If it manages to does that then only expect some pullback attempt? On the way up assuming the index opening lower around 7620 the first significant resistance to overcome would be found between 7670 and 7720. Unless the last closing level of 7650 is decisively taken out do not expect any sustainable recovery. On the contrary, if it slides below 7550 -support area it may well slide down to test the next support range between 7520 and 7490.
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Resistance: 7700, 7750, 7800
Support: 7600, 7550, 7500

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