15 February 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 FEB 2016

“BUY 1 LOT IDFC 42.5 CALL @ .9 TG 1.75/2.45”
“SELL WOCKPHARMA FUTURE BELOW 750 TG 741,723 SL 763”
The Sensex posted its biggest single day rally in over one year in trades on Monday. The Sensex jumped over 600 points higher in intraday trade on Monday, while Nifty reclaimed its key 7150-mark. The Sensex rallied 568 points to end at 23554 and 50-share Nifty surged 182 points to close at 7163. Today's rise in the stock markets came on the back of firm global markets. However, caution prevailed in view of muted macroeconomic data. It was a flurry of buying by investors in blue-chips available at an attractive levels amid a firming trend at other Asian markets, tracking weakened gains at the US markets, mainly influenced the sentiment.
There are no clear indications as yet to suggest that it is going to be final bottom bullish market. In any case, we are in for, at least, bit of a bounce this week. The most critical zone for tomorrow will be between 7180 and 7235; its real test would come when it tries to clear the zone between 7250 – 7280—once this zone is decisively taken out, the market would see the next round of bulls rally.
More about intraday tips on Google +
Resistances: 7200, 7250, 7300
Supports: 7150, 7100, 7050

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