21 September 2016

NIFTY PREDICTION & FREE NIFTY TIPS FOR 22 SEP 20146

"SELL HDIL FUTURE BELOW 83.20 TGT 82.40/81.90 SL 84.95"
"BUY HINDUNILVR FUTURE ABOVE 914.80 TGT 917.90/921.40 SL 909.20"
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Today there seemed to be offloading of long positions ahead of the big event and that’s the reason we saw the market moving down. Sensex erased intraday gains to end in negative territory while Nifty ended below its crucial psychological level of 8,800 ahead of US Federal Reserve interest rate decision which is due later in the day. The market closed range bound session on a flat note Wednesday as investors remained cautious ahead of outcome of the Federal Reserve meeting later today. The Sensex jumped 166 points intraday and the Nifty climbed over 8800 level after the Bank of Japan's (BoJ) action but wiped out those gains in late trade. The BSE Sensex closed 15 points down at 28507, while Nifty settled 1 point down at 8777.  Finally, the Sensex ended with a loss of 16 points at 28507. The Sensex opened at 28554 touched an intra-day high of 28689 and low of 28462. The Nifty closed with a loss of mere one points at 8777. The Nifty opened at 8790 hitting a high of 8827 and low of 8757.
Buy on dips the contract can then extend its rally and test resistances at 8850 and 8900 levels in the near term. On the downside, a decisive fall below key support at 8770 is needed to alter the bullish momentum and drag the contract down to 8750 and then to 8700 levels.
Supports: 8750 and 8700
Resistances: 8850 and 8900

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