17 June 2016

NIFTY OUTLOOK & FREE NIFTY TIPS 20 JUNE 2016

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Bulls win the Friday. Snapping previous session's losses, the Sensex on Friday settled the day 100 points higher, while the broader Nifty jumped above its key 8150-mark. Market sentiments boosted after the killing of a pro-EU British politician was seen swaying sentiment in Britain toward the "Remain" camp ahead of the referendum next week. The Sensex closed at 26626. The Sensex opened at 26654 touched an intra-day high of 26731 and low of 26539. The Nifty closed with a gain of 29 points at 8170. The Nifty opened at 8177 hitting a high of 8195 and low of 8135.
On the upside, the contract needs to decisively break through the key resistance at 8200 for an up-move to 8250 levels. Resistances above this level are at 8280 and 8300 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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