30 June 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 JULY 2016

BUY RCOM 55 CALL @ 1.8 TGT 2.8/3.2 SL  0.80"
"BUY NIFTY 8300 PUT @120 TGT 134/159 SL 100"
Bulls took the charge on dalal street. The June F&O settlement expired on a positive note. Benchmark indices Sensex and Nifty reclaimed their crucial psychological levels of 27000 and 8,300 mark. Mark mood remained upbeat since morning on account of firm global cues as Brexit fears are slowly subsiding. Finally, the Sensex ended with a gain of 259 points at 27000. The Sensex opened at 26926 touched an intra-day high of 27069 and low of 26873. The Nifty closed with a gain of 84 points at 8288. The Nifty opened at 8260. hitting a high of 8308 and low of 8242.
The positive trend in earnings growth is expected to roll over into the next quarter, with companies poised to report their June-quarter results starting mid-July. On the upside, the contract needs to decisively break through the key resistance at 8330 for an up-move to 8350 levels. Resistances above this level are at 8375 and 8395 levels. On the downside level 8050 will work as very strong supporting levels if nifty breaks 8050 level then once again the 8000 levels going to be the target for the bears.
SUPPORTS: 8050 AND 8000
RESISTANCES: 8200 AND 8250

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