23 March 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 24 MARCH 2017

"FUTURE: BUY AXISBANK ABOVE 487 TGT 495/500 SL 479"
"CASH: BUY EROSMEDIA ABOVE 248 TGT 263/270 SL 240"
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Wake up alarm was witnessed in morning session itself where nifty was seen trading above 9050 level. Bulls were able to pull the nifty till 9080 level which shows the positive sign for market. After witnessing an over 300-point crash on the Nifty on Wednesday, the market on Thursday ended the day on a positive note. The Sensex was up 164 points at 29332, while the Nifty was up 49 points at 9080.
The market is still shuttling glance between 9055 and 9200 and the buying will be the key driver for it; the UP-election rally is done. If buying will not be in line then the Nifty would collapse to 9000-8900 levels, but if they are good then we may move to 9250-9300 levels. So till then play the range for intraday – buy at the lower end of the range and sell on the upper end of the range for some.
More about intraday tips on Google +
Resistance: 9075, 9155, 9200
Support: 9000, 8950, 8900

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