14 January 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 JAN 2016

“SELL NIFTY BELOW 7530 TG 7505, 7475 SL 7560”
NIFTY
Start-long position ABOVE 7600.
Start short position BELOW 7550
Big moves could go till 7700, 7450.
BANK NIFTY
Start-long positions ABOVE 16000.
Start short position BELOW 15500
Big moves could go till 16100, 15300. Downtrend may continue.
A divergent trend was continued in the market on Thursday. In a volatile trading session, the Sensex ended 81 points lower on Thursday, while Nifty managed to hold its key 7500-mark. Looking at yesterday and today's recovery from the lows, we are somewhere close to the bottom. The stellar rally in Infosys has lifted the sentiment across the board.  The contraction in December WPI data for the 14th consecutive month has added some respite to the sentiment across the bourses. The Sensex, fell 81 points to close at 24772. The Nifty shed 25 to settle at 7536.
For nifty the level of 7500 is the immediate support below which 7480-7460 is an important support zone. A close below 7400 will, however, negate the bullish outlook. 7580-7620 is an important supply zone. It must sustain convincingly above 7615 for signaling fresh upside momentum.
More about intraday tips on Google +
Supports: 7,580 and 7,650
Resistances: 7,500 and 7,480

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