29 March 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 MARCH 2016

MARCH 31, 2016
LAST DAY FOR HOLI OFFER..!!!!
This HOLI add colors of profit in ur trades....!!!!!!!!

Buy any 3 packages equity/mcx @10000 PM.
OR any one package @ 10000 quarterly
To pay visit
Call : 07225909997,08982086510

Market sentiments remained downbeat with private report that state governments are likely to run wider fiscal deficit in financial year 2016-17 because of higher interest bill and wage hike pressures. The market ended in a slightly negative note as investors are looking forward to the FEDs speech later today for clues on the economy and the direction of rate hike. But it is encouraging to note that FIIs continue to be positive which should reinforce stability in the market post the F&O expiry.
The Sensex slid 66 points and the broader Nifty retreated below the key 7600-mark on Tuesday. Finally, Sensex ended with a loss of 66 points at 24900. The Sensex opened at 24957, touched an intra-day high of 25079 and low of 24835. The NSE Nifty closed with a loss of 18 points at 7597. The NSE Nifty opened at 7607 hitting a high of 7653 and low of 7582.
The near term outlook will remain bearish as long as the contract trades below 7600 levels. Traders with a short-term perspective can make use of rallies to initiate short position with a stop-loss at 7550 levels. Also, a decisive fall below 7550 will indicate increase in selling pressure. Next supports are at 7530 and 7490 levels. On the other hand, significant resistance is at 7670 Only a decisive break through this resistance level will reinforce the bullish momentum and take the contract northwards to 7695 and 7735 levels.
STRATEGY: MAKE USE OF RALLIES TO INITIATE FRESH SHORTS
SUPPORTS: 7560, 7510
RESISTANCES: 7680, 7730

No comments:

Post a Comment