30 August 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 AUG 2016

"BUY YES BANK FUTURE ABOVE 1364 TGT 1372/1388 SL 1355"
"SELL RCOM FUTURE BELOW 53.80 TGT 53.20/52.70 SL 55.20"
The Sensex provisionally settled above the psychological 28,000 mark after reclaiming that level in the opening trade. The Sensex hit its highest level in more than thirteen months in late trade. The Nifty hit its highest level in more than sixteen months in late trade.The Sensex ended with a gain of 440 points at 28,343. The Sensex opened at 28,102 touched an intra-day high of 28,478 and low of 28,011.The Nifty closed with a gain of 137 points at 8,744. The Nifty opened at 8,647 hitting a high of 8,751 and low of 8,642. Now Technically, Nifty is in positive zone and BankNifty is also in Positive zone.
Today BankNifty to close above 19600 levels or Nifty to close above 8800 levels. Bullish movement are seen in further trading actions. If  BankNifty managed to close below 19166 levels then we would see sharp downfall in the market. sharp positive breakout would be seen as BankNifty is already in Positive zone as of now. So traders should follow these levels very strictly before taking any trading action. Market would see sharp breakout or breakdown soon based on Nifty or BankNifty breaching 8600/ 19166 suggested levels. On the bullish side nifty would see sharp breakout 8800/19650 for tgt of 8900/20000.

2 comments:

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