9 May 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 MARCH 2017

"BUY NIFTY ABOVE 9355 TGT 9380/9410 SL 9330"
Toady market was moving in very narrow range & closed the session on a flat note. The markets opened slightly higher on Tuesday, with the sensex again topping the 30000-mark on sustained buying by domestic financial institutions and tracking mixed Asian cues in the early trade. But the index failed to sustain the gains later and fell below the 30000 level, but was still trading in green. Meanwhile, the NSE Nifty was holding well above the 9300-mark.
Primary resistance would now be at 9335-9370 zone. If the uptrend persists, short-term targets will be in the 9400 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.
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Resistance: 9230, 9260, 9290
Support: 9180, 9150, 9120

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