7 March 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 MARCH 2017

"BUY NIFTY ABOVE 8960 TGT 8990/9015 SL 8930"
FOR LIVE MARKET CALLS OF NIFTY FUTURE,STOCK FUTURE OR OPTION FILL UP THE FORM GIVEN HERE>>> 
Market closed marginally lower in a flat session today, extending its consolidation phase. traders preferred to book some profit and sit on the sidelines in absence of any fresh trigger. Caution also prevailed ahead of the U.P. state election results, due on 11 march 2017. The market on Tuesday settled the day lower after hitting their 2-year highs as recent outperformers such as banks were hit by profit-taking with warning markets could head for a phase of consolidation this week. The Nifty has been hovering below its key psychological level of 9000 this month but has been unable to break above it. The sensex ended at 28999, down 49 points, while the Nifty closed at 8947, down 17 points. 
Nifty is trading in consolidation since last week. Nifty would recover only if it breaks out of 9030 levels. Further 9050 followed by 9075 levels will act as the resistances. On the downside, if Nifty breaks below 8900 it can touch 8850 followed by 8800.
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RESISTANCE: 9035, 9070, 9100
SUPPORT:  8900, 8850, 8800

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