13 April 2017

NIFTY OUTLOOK & FREE NIFTY TIPS 17 APRIL 2017

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Market ended the week on a negative note, with the Nifty closing below the 9200-mark. The Sensex closed down 182 points at 29461, while the Nifty ended lower by 52 points at 9150.  All eyes were on the Infosys stock since the company came up with its financial results for the quarter ended on March 31, 2017.
Pullback rally is expected in upcoming sessions. Going forward, the immediate support for the Nifty is placed at 9125 and 9100 levels. On the flipside, resistance is seen at 9175 and 9200 levels, but the major hurdle is in the 9155-9175 region and till such time that this region is taken out, any rally may be considered as a pull back or of corrective in nature.
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Resistance: 9155, 9175, 9225
Support: 9100, 9075, 9050

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