12 July 2017


"SELL GMRINFRA FUTURE BELOW 18 TGT 17.60/17.40 SL 18.40"
"BUY NIFTY 9800 CALL @90 TGT 110/130 SL 72"
On Wednesday markets closed at a new lifetime high, with the Sensex gaining 57 points to close above 31800 for the first time and the Nifty rising 30 points to settle above 9800 points for the first time ever. The Nifty today held the 9800 level for the first time. The Sensex too was up 57 points at 31804 and the Nifty rose 30 points to 9816. Nifty shuttled between 9824 and 9787. Markets posted the continuous third-day gain today, with Sensex, Nifty approaching closer to 32000 and 10000 mark.
For Thursday we expect a quiet start to the market and expect it to remain in a capped range. Some shorts got added on Tuesday and we expect the indices to see some consolidation.  The 9835 and 9855 levels will act as resistance to any further rally. Supports should come in much lower at 9755 and 9720 levels. 
More about intraday tips on Google +
Resistance: 9835, 9855, 9875
Support: 9755, 9720, 9695

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