15 July 2016

NIFTY OUTLOOK & ROCKING FUTURE OPTION CALLS 18 JULY 2016

"ROCKING TATASTEEL OPTION STRATEGY 42800 PROFIT FOR MORE UPDATES VISIT OPTION TRADING TIPS"


Our words played a leading role in the action of nifty witnessed today.
The market closed lower on Friday with the Nifty closing below the 8550 mark. The Sensex and Nifty ended lower on Friday, under performing Asian peers, as blue-chip Infosys Ltd declined as much as 10.6% after the software services exporter posted disappointing results and slashed revenue forecasts. After a lot of struggle, the market has ended lower. The Sensex is down 105 points at 27836, and the Nifty fell 23 points at 8541. The Sensex ended with a loss of 106 points at 27836. The Sensex opened at 27966 touched an intra-day high of 28048 and low of 27736. The Nifty closed with a loss of 24 points at 8541. The Nifty opened at 8565 hitting a high of 8594 and low of 8510.
For any uptrend 8600 will be the resistance. For making new high nifty have to pass out 8300 resistance level after that 8630 & 8655 will be the target for nifty, whereas 8480 will be the best supporting level. For any correction nifty have to crack 8455 level, once 8455 will break 8400 would be the target for nifty.
Supports: 8480, 8450, 8400
Resistances: 8600, 8630, 8650

No comments:

Post a Comment