4 March 2016

NIFTY OUTLOOK & FREE NIFTY & BANKNIFTY TIPS FOR 8 MARCH 2016

FOR TWO DAYS FREE TIPS FILL UP THE FORM GIVEN HERE>>>>
Staying on the upward trajectory for the fourth straight day on Friday, the Sensex jumped over 112 points and the Nifty regained the 7,500-mark in early trade today on widespread gains amid a firming trend at other Asian bourses but gave up gains after noon. The NSE Nifty was again quoting above the crucial 7500-mark by climbing 30 points, to 7505. Nifty also eroded gains and slipped below 7,500-mark.The  Sensex ended 39 points higher at 24646 while the Nifty closed 10 points higher at 7485. The Bank Nifty recorded its best weekly gain in nearly two years and closed the day 1.06% higher.
Investor sentiment has improved after the government stuck to its fiscal deficit target for the next financial year, raising hopes the Reserve Bank of India would soon cut key policy rates. In view of an improvement in sentiment, retail investors were seen strengthening their bets across the spectrum, helping key indices continue their upward journey. Some consolidation is the need of the hour given the kind of run-up we had already seen, Next week trigger will be in the form of a rate cut, if it comes through.
For Tuesday we are expecting some good movement from the market We need to watch out for the levels between 7520 - 7555 to begin with on the upside if the Nifty manages to stay above this range we would see it moving up further. In that case, the next range to monitor would be between 7595 and 7625—this is formidable resistance zone once crossed firmly would see the Nifty scaling up to the zone between 7700 and 7750 and beyond that 7800. Level 7480 will be proved as very good supporting level for nifty, .If once it go to 7450 then there will higher probability for nifty to touch 7400-7350 level once again.
NOTE : Monday  March 7, 2016 market will be closed on accounts of MAHASHIVRATRI
More about intraday tips on Google +
RESISTANCE: 7520, 7590, 7660
SUPPORT:  7450, 7380, 7310

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