Thursday, September 8, 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 SEP 2016

The Indian equity market opened in red on Thursday. Despite Nifty IT ending in red and Bank Nifty remaining flat, Nifty today closed higher at 8952. The Sensex closed at 29000 for the first time since April 2005. The stock market were trading marginally higher in a subdued trade as better-than-expected Chinese trade data boosted shares such as Tata Steel while software exporter TCS tanked to a 6-month low after it said US financial sector clients were holding back on discretionary spending. The Sensex ended with a gain of 119 points at 29045. The Sensex opened at 28929 touched an intra-day high of 29077 and low of 28855. The Nifty closed with a gain of 35 points at 8952. The Nifty opened at 8916 hitting a high of 8960 and low of 8896.
The markets may not see a decline, but they may remain flat for the coming few days. Nifty may touch 9050-9100 points once IT sector's downside is over. The Nifty could test 9,000 as early as tomorrow. Next resistance is at 9055-9095.On downside first support is at 8900-8850 level. Next support is at 8800-8700.
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Supports: 8900 and 8800
Resistances: 9000 and 9100
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2 comments:

  1. UnknownSeptember 9, 2016 at 9:56 AM

    Thanks for ur recommendation. superb banknifty future call achieved final target.

    ReplyDelete

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