25 May 2017

NIFTY VIEW FOR TOMORROW & FREE NIFTY TIPS 26 MAY 2017

23 MAY POST ICICIBANK 310 CALL ROCKS…!!! ACHIEVED ALL THE TGT MADE A HIGH OF 8.55
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Bulls are back with a bang..!!! Bulls made a rocking comeback on expiry day and pushed the Sensex to a fresh record closing high surpassing its earlier mark of 30712, while the Nifty gained nearly 2 percent. The Sensex has closed 448 points up at 30750, while the Nifty future ended 140 points higher at 9511. Market sentiments get bullish, after the minutes of the Federal Reserve’s latest meeting showed the policymakers were cautious about a fresh rate hike.  According to the minutes of the May 2-3 meeting, the Fed members agreed that they should hold off an interest rate hike until they knew the recent US economic slowdown was temporary. 
We are expecting Nifty future to touch 9550 in the extreme short term and hit 9600 in the medium term. A correction is likely thereafter. Nifty break above 9550 then it will increase the strong bullish pattern breakout, which will take the indices up towards 9575/9600. A strong break (close) below 9450 will increase the downside pressure and drag it to 9400, 9350.
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Resistance: 9535, 9570, 9600
Support: 9475, 9435, 9400

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