12 December 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 DEC 2016

"SELL JETAIRWAYS FUTURE BELOW 355 TGT 349/343 SL 367"
"BUY ONGC FUTURE ABOVE 313.20 TGT 314.90/317.40 SL 309.70"
TO GET 2 DAYS NIFTY FUTURE,STOCK FUTURE & OPTION TIPS FILL UP THE FORM GIVEN HERE>>>>>>>>
The Benchmark indices Sensex, Nifty ended the day in red, touching the day's low. Both indices dropped by 1%. The key trigger was the GST, wherein the committee was unable to reach a consensus on the roll out. There is a possibility that the government might fail to meet its April 1, 2017 deadline. Another factor is the US Federal Reserve's Monetary Policy which is due this week. The meeting is to be held on December 13-14. Industry is expecting that the US Fed will raise rates resulting in a hike of around 25 bps. Sensex, Nifty ended with a new milestone of a 1-month record closing high, however, the market has been volatile throughout the trading hours and moved marginally up or down.  The traders were in cautious mode ahead of the US Federal Reserve's Monetary Policy meeting. The industry is hoping that there will be a rate hike by the US Fed in the coming week. The Sensex ended with a gain of 53 points at 26747. The benchmark indices opened at 26787 touched an intra-day high of 26803 and low of 26707. The Nifty gained 15 points and closed at 8261. It opened at 8271 points, hitting a high of 8274 and low of 8241.
On the upside, the Nifty has significant resistances at 8300 and 8350 levels. A conclusive rally above the second resistance is needed to strengthen the bullish momentum and take the contract up to 8380 and 8400 in the same period. Therefore, traders with a short-term perspective should desist from trading in the index futures contract as long as it trades in the sideways band between 8220 and 8180.
More about on Google +
Supports: 8220 and 8150
Resistances: 8300 and 8350

1 comment: