22 September 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 23 SEP 2016

YESTERDAY'S HINDUNILVR FUTURE ACHIEVED 1ST TGT 
FOR NEW CALLS FOR TOMORROW FILL UP THE FORM GIVEN HERE>>>>
The stock market breadth was tilted in favors of the bulls. Both the key indices gained more than half a per cent each as healthy buying was witnessed in banking, automobile, and oil and gas stocks. The Nifty closed above the crucial psychological barrier of 8850-mark on the back of buying in banking, auto and utilities shares. The Sensex ended with a gain of 266 points at 28773. The Sensex opened at 28767, touched an intra-day high of 28872 and low of 28693. The NSE Nifty closed with a gain of 90 points at 8867. The NSE Nifty opened at 8873 hitting a high of 8893 and low of 8837.
We reiterate our view to hold positive yet cautious approach till 8750 is intact in Nifty. The Traders with a short-term perspective should tread with caution and consider initiating fresh long positions on a rally beyond 8900 levels. The contract can then extend its rally and test resistances at 8950 and 9000 levels in the near term. On the downside, a decisive fall below key support at 8800 is needed to alter the bullish momentum and drag the contract down to 8750 and then to 8700 levels.
Supports: 8750 and 8700
Resistances: 8900 and 8950

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