5 January 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 JAN 2017

"SELL BANKNIFTY FUTURE BELOW 18150 TGT 18100/18000 SL 18220"

"BUY IFCI 30 CALL @ 0.50 TGT 0.75/0.90"
TO GET 2 DAYS FREE TRIAL FILL UP THE FORM GIVEN HERE>>>>> 
Bulls are back on the driver seat. Indian markets hit a nearly two-month high on Thursday as investors expect the government to achieve its fiscal deficit target for the current fiscal after Union finance minister Arun Jaitley said tax collection will exceed budget estimates. The Sensex rebounded strongly to end near a two-month high of 26878 by zooming over 245 points and the NSE Nifty rescaled the 8200-mark after the US Fed minutes hinted at the uncertainty over pace of rate hike. A higher US interest rate means flight of capital from emerging markets in quest of better returns. Sentiment took on shine after value-buying in blue-chips amid a mixed trend in global markets boosted by overnight gains in the US. The benchmark BSE Sensex closed up 245 points at 26878 while the broader Nifty index finished at 8273, up 83 from its previous close.
Tomorrow on Friday another gap up opening could well be likely! We are likely to see further upward movement in the tomorrow’s session. However, the range between 8275 and 8300 would emerge as a strong supply zone, once if these levels will cross 8350 will be the next target for bulls. At the other side if down trend will take place then 8200 will act as highest supporting level for Nifty.
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RESISTANCE: 8300, 8330, 8360
SUPPORT:  8230, 8200, 8170

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