18 April 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 19 APRIL 2017

"RELIANCE 1420 CALL GIVEN IN OUR LAST POST ACHIVED 1 ST TGT 21 MADE A HIGH ON 21.75"
TOTAL 3000 PROFIT IN JUST 1 DAY WITH THE INVESTMENT OF 7500
FOR SUCH CALLS FILL UP THE FORM GIVEN HERE>>>>
Market had a trend reversal during the day and ended on a negative note. The market continued its southward journey; Sensex had gained over 250 points, but has ended in the red. The Nifty closed at 9105 levels, down by 34 points whereas the Sensex closed at 29319 levels, down by 94 points, weighed by weakness in global peers after unexpected UK election announcement. Investors were also worried after prediction of monsoon at lower band of normal monsoon and on higher probability of El Nino.
Nifty has reached to its immediate support zone of 9100 and likely to witness a pause in the next trade. Only a decisive fall below 9100 level can strengthen the bearish momentum and drag the contract down to 9055 and then to 9000 in the short-term. Such a fall would be a cue for initiating short positions with a fixed stop-loss. On the upside, the contract has significant resistances at 9155 and 9175 levels. A conclusive rally above the second resistance is needed to strengthen the bullish momentum and take the contract up to 9200 and 9250 in the same period. Therefore, traders with a short-term perspective should desist from trading in the index futures contract as long as it trades in the sideways band between 9155 and 9100.
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Supports: 9100 and 9050
Resistances: 9155 and 9200

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