FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>"SELL DLF FUTURE BELOW 147 TGT 144.50/142.90 SL 149.80"
"BUY IFCI 32.5 CALL @ 0.45 TGT 0.65/0.95"
The Nifty continued
to register successive new highs and it crossed the 9220 mark on the first
trading day of 2017-18. The Sensex and the Nifty today hit record closing high to
end at 29910 and 9237, respectively, driven by a rally in index heavy-weights
RIL and L&T. A firming trend in global markets as traders look ahead for
the US job data release and a meeting between the American and Chinese
presidents later in the week also influenced sentiment. Major
market trends may remain positive as long as the Nifty holds above the
psychologically important 9000 mark.
The correction on Wednesday still
leaves the index above previous all-time highs at 9127. This would be a primary
support with more support available below the “gap” at around 8975-9030.
Technicians will note that the gap has not been filled in five sessions. Primary
resistance would now be at 9235-9255 zone. If the uptrend persists, short-term
targets will be in the 9275 zone. Obviously every trend following system would
recommend staying long. In technical terms, all trends (short/ medium-term and
long-term) seem strongly bullish despite the probability of a further
short-term correction on profit-booking.
More about intraday tips on Google +
Resistance: 9230, 9260, 9290
Support: 9180, 9150, 9120
No comments:
Post a Comment