28 December 2015

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 DEC 2015

"SELL BHARTIARTL FUTURE BELOW 330 TGT 328.40/326.50 SL 333.70"  
"BUY HDIL 75 CALL @ 0.60 TGT 1.10/1.90"
In the starting of expiry week Sensex, Nifty consolidate gains. Domestic equities made a perfect start to the New Year-bound week, with both Sensex & Nifty closing above their respective psychological barriers amid short covering in several beaten down stocks ahead of this week's current month's F&O expiry. In a trading session marked with thin volumes and weak support from other Asian counterparts, benchmark Sensex yet raced past the 26,000-mark on the back of gains in pharma, banking and power shares and touched an intra-day high of 26073, up 234 points. Although, the index closed off its highs, the Sensex ended the session above the 26k-mark at 26034, up 195 points from previous close. The CNX Nifty breached the crucial 7900-mark and wrapped the session at 7925, up 64 points.
The 7950-7970 region is the critical supply zone for now and once this region is taken out, fresh momentum is likely. 7850 is the immediate support and as long as it sustains above 7800-7820 on declines, the upswing remains intact. 7780-7760 is the critical support and a decisive breach of this region will be bearish and lead to test of lower supports again.
More about intraday tips on Google +
RESISTANCE: 7930, 7980, 8030
SUPPORT:  7880, 7830, 7780

No comments:

Post a Comment