16 March 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 MARCH 2017

"BUY ON DIPS NIFTY FUTURE NEAR 9155 TGT 9185/9220 SL 9110"
The NSE Nifty hit a record high and the rupee rose to its strongest level in nearly 17 months on Thursday after the US Federal Reserve signalled no pick-up in the pace of its interest rate tightening. The NSE Nifty rose as much as 0.85% to a record high of 9152 points, marking its second all-time peak in three sessions. Sentiment had already been turning more bullish after a big election victory by Prime Minister Narendra Modi in the key state of Uttar Pradesh at the weekend.
Nifty would see targets of 9180-9220-9300, soon. Investors can go long in blue-chip companies and Banking sector. Overall, market is positive and all trades should be in long side.On the other hand, Fresh short positions are recommended with a fixed stop-loss only if the contract declines below 9,145 levels.
More about intraday tips on Google +
Resistance: 9180, 9230, 9255
Support: 9100, 9050, 9000

No comments:

Post a Comment