5 May 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 MAY 2016

"ROCKING CALL OF CRUDE OIL..!!!! HIT FIRST TGT OF 2970 ALSO NEAR TO FINAL TGT 3000 (MADE A HIGH OF 2994) CALL WAS GIVEN @ 2935. ALMOST 59 POINTS WE HAVE COVERED"


“MCX BUY SILVER JULY ABOVE 41650 TGT 41900-42300 SL 41250”

Range bound movement was there in the market today. Snapping three-day long falling spree, the Sensex on Thursday gained 160 points, while Nifty settled the day above its key 7700-mark. The BSE Sensex ended with a gain of 160 points at 25251. The Sensex opened at 25188 touched an intra-day high of 25394 and low of 25163.
The Nifty closed with a gain of 29 points at 7736. The Nifty opened at 7731 hitting a high of 7778 and low of 7707.
Nifty is still trading below the supports level 7750. Today nifty has closed at 7736 which was the gap filling phenomenon of the prior upside rally. Now we hold 7700 as our next support followed by 7675 which is the 50EMA support. On the upside 7775 followed by 7835 as our resistances.
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Supports: 7700 and 7675
Resistances: 7775 and 7835

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