NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 JUNE 2016

Bears marched up & took over the charge in the market in opening hours of market, but bulls did not loosed the positions & recaptured there seat in the closing hours. After falling 1091 points intra-day, the Sensex recovered some of its losses as markets stabilized at lower levels. The Sensex opened 635 points lower on Friday. The Nifty, which cracked below 8000-level to hit a low of 7927 during the session, managed to recover part of the initial losses and settled 181 points down at 8088. The Nifty index yo-yoed 181 points at 8088.

Although there was a near equal split in opinion, the Brexit outcome comes in as a bit of a shock. The focus now would be on Bank of England and the kind of policy action they they would roll out. Yes, the sentiments across the global markets are highly negative and this is clearly rubbing off on Indian markets. However, this is not the time to make any hard conclusions but instead wait for events to unfold. The Brexit fall is giving the Indian investor an opportunity to buy quality stocks.

Next logical target for Nifty would be 8050-8000 and breaching levels of 8000 would force Nifty to see levels of 7900. Whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability for Nifty to touch 8225-8250 levels.

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RESISTANCE: 8150, 8200, 8250

SUPPORT:  8050, 8000, 7950