Tuesday, March 28, 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 MARCH 2017

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Market trying to climb up once again & if it sustain above 9150 tomorrow then we can see expiry near 9200. After ending Monday on a slightly weak note, the market on Tuesday as ended on a very positive note. The Sensex was up 172 points at 29411, while the Nifty was up 61 points at 9100. The positive sentiment was impacted by a good rally on Wall Street followed by upbeat trend in the Asian markets.
On the upside, 9150 through 9175 would be the first supply zone to watch out for—once this range is taken out we can expect another dash at the 9200 or higher levels. Further up, resistance is likely to be felt between 9250 and 9275. On the other hand, if it were to go down below 9100 and sustain there it is likely to get good support between 9075 and 9050.
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Resistance: 9150, 9175, 9200
Support: 9100, 9075, 9050

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