26 September 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 SEP 2016

TO GET FREE TRIAL FOR OPTION,NIFTY,STOCK FUTURE FILL UP THE FORM GIVEN HERE>>>>>>>>>>>>>>>
Week has started on bearish note. Market breadth remained in negative territory throughout the trading session and there was not any attempt visible from the bulls to regain strength. Nifty ended the day at 8723, down by 108 points against the Friday’s close. However it is still trading above the key support of 8700-8710 and we expect once should wait for break below the support zone, before come into conclusion that a mid-term downtrend has already started. The chances of a bounce back can’t be ruled out as the overall market trend is sideways and it is trading at the lower end of the channel. The Sensex ended with a loss of 374 points at 28294. The Sensex opened at 28631 touched an intra-day high of 28630 and low of 28272. The Nifty closed with a loss of 109 points at 8723. The Nifty opened at 8808 hitting a high of 8810 and low of 8715.
From medium term perspective the key support is at 8700-8710 level. We expect this level as important one and is likely to absorb any further selling pressure. And most likely market to hold above this level. On the upside supply is coming at 8850, breaking of the level market will find the momentum which is lacking couple of days and will then set for moving above the recent swing high at 9000 level. Investor is advised to initiate long on a break above 8850 with a stop below 8700.
More about on Google +
Supports: 8710 and 8650
Resistances: 8800 and 8850

3 comments:

  1. TO GET FREE OPTION INTRADAY & POSITIONAL CALLS & TO GET OPTION STRATEGY PLZ VISIT Check OPTIONS TRADING TIPS

    ReplyDelete
  2. TO GET FREE NIFTY & BANKNIFTY FUTURE & OPTION TIPS & CHARTS VISIT. Check NIFTY TRADING TIPS

    ReplyDelete