11 April 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 12 APRIL 2017

"BUY IDFCBANK FUTURE ABOVE 61.50 TGT 61.90/62.40 SL 60.90"
"SELL TATASTEEL FUTURE BELOW 487 TGT 484/479 SL 491"
Market entirely recovered previous day’s losses. it sustained optimism at the day’s close. Markets surged in the morning hours and then consolidated throughout the day with minor upside moves. The Nifty Index reclaimed its 9200-mark by late morning trade backed by ITC, Infosys, ICICI Bank and HDFC. Nifty and Sensex closed at 9236 and 29788 gaining 55 and 212 points respectively from the previous close.
Nifty has managed to close above the 9200 level but the movement was only on 55 points. So for any uptrend 9255 will be the resistance. For making new high nifty have to pass out 9300 resistance level after that 9335 & 9370 will be the target for nifty, whereas 9175 will be the best supporting level. For any correction nifty have to crack 9150 level, once 9150 will break 9100 would be the target for nifty.
Supports: 9175, 9150, 9100
Resistances: 9255, 9275, 9335

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