5 June 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 JUNE 2017



"SELL NIFTY BELOW 9680 TGT 9650/9620 SL 9730"
FOR FREE OPTION CALL PUT TIPS FILL UP THE MOBILE NO. HERE>>>>
OR WHATSAPP 09039542248 
Today market closed rangebound session higher after the GST Council finalized rates for some commodities and looked confident of GST rollout on July 1. The Sensex has closed 36 points up at 31309 and the Nifty closed 21 points up to 9675. Nifty and Sensex touched all-time highs of 9687 and 31355 levels respectively on sustained buying by domestic institutional investors and retailers ahead of the RBI monetary policy this week.  Bank Nifty is trading near its record high. It touched its fresh 52-week high of 23494 level. Yes Bank is the top gainer in the index trading higher by 2.8% at Rs 1523 per share. Kotak Bank and HDFC Bank are trading near its 52-week high. IndusInd bank touched its fresh 52-week high of Rs 1519 per share.
As long as the contract trades above this 9650, the outlook for the session will remain bullish. Traders with a short-term perspective can buy the contract in dips with a stop-loss at 9,600 levels. Nifty can continue its up move on a strong rally beyond its immediate resistance level of 9695. Next key resistances are at 9725 and 9750 levels. Key supports below 9625 are at 9,600 and 9580. Strong plunge below 9550 can pull the contract down to 9525 and 9500 levels.
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Resistance: 9690, 9725, 9750
Support: 9650, 9625, 9600

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