15 March 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 MARCH 2017

 HINDUILVR & AXISBANK  HOLD FOR TOMORROW
TO GET 2 DAYS FREE TRIAL FILL UP THE FORM GIVEN HERE>>>> 
Market paused as investors held back from taking big bets just hours before the Fed meet ended.  Market closed flat with a negative bias as investors awaited the outcome of Federal Reserve's two-day meeting tonight. Caution also maintained ahead of GST Council meet on Thursday. The Sensex declined 0.1% to 29398 while the Nifty ended trade little changed at 9084. The index touched its lifetime of 9122 a day before.
Market is looking a bit overvalued in terms of valuations. The next up move will depend on fund flows into emerging markets. If the region continues to get flows after the anticipated Fed rate hike, then Indian equities are likely to head higher. Despite the high valuations, I think it is still prudent to stay invested in the current scenario. We are likely to see further upward movement in the tomorrow’s session. However, the range between 9100 and 9130 would emerge as a strong supply zone, once if these levels will cross 9150 will be the next target for bulls. At the other side if down trend will take place then 8950 will act as highest supporting level for Nifty.
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Resistance: 9100, 9130, 9150
Support: 9000, 8950, 8900

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