21 March 2016

NIFTY OUTLOOK & FREE NIFTY & BANKNIFTY TIPS FOR 22 MARCH 2016

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Call : 07225909997,08982086510
“BUY ICICIBANK FUTURE ABOVE 235.70 TGT 238.50/240.40 SL 232.35”
“BUY RELIANCE 1040 CALL @ 13 TGT 19/24”
The week has started on positive note. Today market opened very higher side. In the morning nifty opened above 7600 level. The gap up opening today at 7623 has broken two weeks of sideways consolidation trade between 7400 and 7600. The Sensex gained 332 points to end above its crucial psychological level of 25000, while Nifty jumped above its key 7700-level. Increased prospects of a lower policy rate and firm Asian shares rubbed off on markets as the Sensex ended in the positive zone for the second straight session by soaring 333 points to close at 25285, a nearly 11-week high. The NSE Nifty again went past the 7700 level. 
A cautious stance of the US Federal Reserve meaning more capital inflows and the government’s decision to slash rates on small savings added to expectations that RBI will go the distance and lower rate at its first policy meet of 2016-17 on April 5.After retaking the 25,000-mark, the Sensex advanced to a high of 25327 before settling higher by 332 points, at 25285.The Nifty too recaptured the 7700-mark and ended at 7704, up 99 points.
For tomorrow Tuesday the Immediate support is around the current levels at 7655. Subsequent key intraday supports are at 7635 and 7610. A rise to 7720 looks likely at this juncture.
Traders with a short-term perspective can go long. Stop-loss can be kept at 7625 for the target of 7700. Accumulate long positions if the contract dips to 7625 during the day.
Outlook for the index futures will turn negative only on a strong fall below 7600. But such a fall looks unlikely.
Strategy: Go long with a stop-loss at 7620
More about intraday tips on Google +
Supports: 7635, 7600
Resistances: 7670, 7720

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