4 May 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 5 MAY 2016

"ENERGY CALL FOR 4 MAY 2016"
"BUY CRUDEOIL ABOVE 2935 TGT 2970-3000 SL 2880"

"Commodity Trading Tips"


Today bulls were trapped in bear’s grip. Nifty has closed below the support level 7750. Nifty closed near day’s low amid an absolute monotonous session as Nifty was stuck in a mere 50 point range. The Indian stock market yet again closed in the negative terrain extending its losing streak to the third consecutive trading session owing to persistent selling by the FIIs amid weakness in global peers. Sentiments also remained downbeat after growth in India’s services firms fell to a four-month low of 53.7 in April from 54.3 in March on the back of new business growing slower than the previous months. The Sensex closed 128 points down at 25101, while Nifty settled 40 points down at 7706. The Sensex opened at 25211 touched an intra-day high of 25246 and low of 25061. The Nifty opened at 7724 hitting a high of 7749
and low of 7697.
The Nifty futures closed below the psychological level of 7750, indicating the possibility of a further down slide in the next trading session. The near term outlook will remain bearish as long as the contract trades below 7750 levels. Traders with a short-term perspective can make use of rallies to initiate short position with a stop-loss at 7775 levels. Also, a decisive fall below 7675 will indicate increase in selling pressure. Next supports are at 7655 and 7635 levels. On the other hand, significant resistance is at 7675. Only a decisive break through this resistance level will reinforce the bullish momentum and take the contract northwards to 7800 and 7835 levels.
For tomorrow 7775 will work as a strong resistance level. While 7675 will be very support for nifty.
More about intraday tips on Google +
Supports: 7675 and 7655
Resistances: 7775 and 7800

3 comments:

  1. Thank you for your daily recommendation of nifty,stock future & option. will surely try your mcx tips also

    ReplyDelete
  2. Superb Call of Crudeoil after level executed and Hit Tgt 2970-2994

    ReplyDelete
    Replies
    1. Thanks for ur appreciation Sir. for more good calls please Check COMMODITY TRADING TIPS or u may call on 08982086510

      Delete