29 March 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 MARCH 2017

"BUY AXISBANK FUTURE ABOVE 504 TG 509/513 SL 498"

 FOR FREE NIFTY & BANKNIFTY TIPS FILL UP THE FORM GIVEN HERE
Volatility continued ahead of expiry of March futures & options contracts. Market closed the day on a positive note, with good movements on both the indices, as investors were not very bullish ahead of March F&O series expiry. The Sensex ended the day 29531, up 121 points while the Nifty settled the day at 9143, up 43 points.
Bias is still positive but tomorrow is the F&O expiry of March series, traders should maintain cautious approach especially in index trades. For tomorrow nifty now tests key resistance at 9175. A strong rally beyond this level and the next key resistance at 9200 will strengthen the bullish momentum. In that case, the contract can rally to the 9225 and 9250 band. But the inability to move beyond 9150 will keep the index under selling pressure. A decisive fall below 9100 can pull the contract down to 9050 and then to 9000 levels.
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Supports: 9100 and 9050
Resistances: 9150 and 9200

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