31 May 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 JUNE 2017

AGAIN NIFTY BUY ON DIPS 9610 TGT 9655/9685 SL 9570
After opening on higher note market movement was completely flat throughout the day. The market is expected to buzz after the 4th quarter GDP numbers appear later in the day. The Sensex was down 13 points at 31145 and Nifty slipped 3 points to 9621. Nifty and Sensex touched their all-time highs of 9649 level and 31255 level in the today’s trading session
The government’s Central Statistical Office (CSO) is going to release estimate for growth in the fourth quarter of FY17 on Wednesday. However, the polls by most of the private companies are signaling that India remained the fastest-growing major economy.
The markets may not see a decline, but they may remain flat for the coming few days.  Nifty closed on a bullish note at 9621 level .So tomorrow on upside first intra resistance will be at 9670-9690 level. Next resistance will be 9735 level. On downside first support is at 9585-95550 level.
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Resistance: 9655, 9675, 9695
Support: 9580, 9565, 9545

1 comment:

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