9 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 FEB 2017

Market erased early losses to close modestly higher on Thursday, with IT stocks taking the lead after recent steep losses on worries over H1B visa policy changes in the U.S.
The Sensex rose 39 points to 28329, snapping two days of losses. The Nifty index added 9 points to finish at 8778. The Sensex which opened at 28349 points, traded at 28281 points down 8 points, from the previous close at 28289 points.  The Sensex has so far touched a high of 28469 points and a low of 28152 points during intra-day trade.
Nifty break above 8800 then it will increase the strong bullish pattern breakout, which will take the indices up towards 8845/8890. A strong break (close) below 8700 will increase the downside pressure and drag it to 8680, 8650. Traders can go short on a break below 8630 with a stop-loss at 8685 for the target of 8580.
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Supports: 8700 and 8650
Resistances: 8800 and 8850

5 comments:

  1. i am looking for a chance to buy infy....is it right time to buy infy in equity cash

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    Replies
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  2. GUDAPATI PULLAIAH10 February 2017 at 11:05

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    Replies
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