6 May 2016

NIFTY OUTLOOK FOR MONDAY 9 MAY 2016


FOR MORE GOOD CALLS PLEASE VISIT














Lackluster market was today. Amid a divergent trend for various index constituents, the Nifty 50 index provisionally ended near the flat line. The Sensex on Friday pared some losses to end the day 33 points lower, while broader Nifty managed to hold above its key 7700-mark. The Sensex ended with a loss of 34 points at 25228. The BSE Sensex opened at 25224 touched an intra-day high of 25260 and low of 25058. The NSE Nifty closed with a loss of mere two points at 7733. The Nifty opened at 7718 hitting a high of 7739 and low of 7678.
The market continued to be lackluster as the recent gloomy manufacturing data from the global market dampened the interest of equity investors. At the moment, there are no positive triggers that could drive markets upwards, so we could see a range-bound trend between 7675 to 7750 on Nifty.
Supports for the contract are at 7670 and 7650.
More about  on Google +
Supports: 7680, 7650
Resistances: 7750, 7780

No comments:

Post a Comment