5 January 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 JAN 2016

FOR MORE CALL FILL UP THE FORM GIVEN HERE >>>>>>>
Range bound movement was there in the market today. The Sensex today fell by 43 points to close at over two-week low of 25580. in choppy trading as renewed concerns over the health of Chinese economy battered global stocks for the second straight day. The Sensex opened at 25745, touched an intra-day high of 25767 and low of 25514. It finally ended with a loss of 43 points at 25580. The Nifty opened at 7828 hitting a high of 7831 and low of 7763, before ending with a loss of mere seven points at 7785.
Nifty has breached the below of 7800 level but it closed at 7785. A decisive breach of this support will give fresh momentum to the slide and a retest of the 7750, 7720 region is likely. 7700-7680 is a strong support region and aggressive traders can take go relatively small quantities long with strict stops if this region holds on for some time. A close below 7650 at this juncture will, however, spell more trouble for the bulls. On the higher side, though 7835 is the immediate resistance, 7850 is the important level which must be taken out for signaling strength and 7880-7900 must be decisively crossed to signal it is out of the woods.
More about intraday tips on Google +
RESISTANCE: 7850, 7900, 7950
SUPPORT:  7800, 7750, 7700

No comments:

Post a Comment