26 April 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 APRIL 2016

 "BUY 1 LOT RPOWER 52.5 CALL @ 1 TG 1.75/2.45 SL .3"
Stock market showcased an enthusiastic performance on Tuesday. Markets, after a gap-down start, recovered gradually to enter into green terrain in noon deals. Frontline indices not only ended the session near intraday high levels but also recaptured their crucial 7950 (Nifty) and 26,000 (Sensex) as investors took to hefty across the board buying. Going ahead, investors will keep a track of the second part of the Budget session which started yesterday. The main focus will be on the developments pertaining to the GST Bill, along with the Bankruptcy Bill, and amendments to the Factories Act. The Sensex ended up 328 points at 26007, and the Nifty was up 107 points at 7962.

The Sensex ended with a gain of 328 points at 26007. The BSE Sensex opened at 25605 touched an intra-day high of 26055 and low of 25549. The Nifty closed with a gain of 107 points at 7963. The Nifty opened at 7828 hitting a high of 7975 and low of 7823.
For Wednesday we are expecting some good movement from the market we need to watch out for the levels between 7940 - 7970 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 7995 and 8015—this is formidable resistance zone once crossed firmly would see the Nifty scaling up to the zone between 8030 and 8050  and beyond that 8100. Level 7900 will be proved as very good supporting level for nifty, .If once it go to 7850 then there will higher probability for nifty to touch 7820-7790 level once again.
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RESISTANCE: 7970, 8000, 8030
SUPPORT:  7940, 7910, 7880

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