7 September 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 SEP 2016

“SELL BANKNIFTY BELOW 20500 TGT 20400/20300 SL 20600”
Today, Sensex ended with a loss of 52 points at 28926. The Sensex opened at 29036 touched an intra-day high of 29068 and low of 28911.The Nifty closed with a loss of 25 points at 8918. The Nifty opened at 8969 hitting a high of 8969 and low of 8913. Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8890-9000 levels .overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Now market is near 9000 levels and traders should be bit cautious at this level. We may see some consolidation or correction before further positive movement and once Nifty breaches levels of 9000, we would see levels for 9100 in a Niffy and would see new lifetime highs. But some correction is very much possible around 9000 levels.
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Supports: 8700 and 8650
Resistances: 8850 and 8900

3 comments:

  1. superb banknifty future call achieved final tgt. nice prediction.

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