25 January 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 JAN 2017

"BUY ON DIPS NIFTY NEAR 8550 TGT 8650/8690 SL 8490"
Market has closed on bullish note. The market has ended January Futures & Options (F&O) higher. As broader markets are firmly up in Wednesday's trading session, where Nifty and Sensex have crossed the 8550 and 27550 marks respectively. Both the indices, Sensex and Nifty, which ended at almost 11-week high on Wednesday, extended gains for the third straight session on fresh buying ahead of  January F&O expiry and Union Budget next week.
The Nifty has closed up 127 points at 8602 and the Sensex was up 332 points at 27708.
As we know Union Budget is due on 1 feb 2017 so on Friday pre budget rally will be there. Positive movement we are expecting in the market. Looking towards the momentum Nifty is carrying since last two trading sessions, it likely to extend its rally towards 8635/8670. On the flip side, Nifty has a immediate support at 8370 levels on closing basis. For intraday Nifty support lies at 8425/8380 and resistance placed at 8700/8750.
More about intraday tips on Google +
Resistance: 8635, 8670, 8705
Support: 8490, 8455, 8400

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