NIFTY PREDICTION FOR TUESDAY 18 JULY 2017

FOR 2 DAYS FREE TRIAL OF OPTION FUTURE NIFTY FILL UP THE FORM HERE>>>>

CHEERS FOR BULLS..!!! Bulls has shown a renewed strength on the first day of week. 18 July 2017, Nifty closed above the 9900 level for the first time and the Sensex set a fresh life high, building on optimism about corporate earnings. The Bank Nifty too ended above 24000 for the first time. The Sensex jumped further to set a life-time high of 32131, before ending up 54 points, at a new record 32074. It broke its previous life high of 32037, hit on 13 July. The gauge has lost 16 points on Friday. The nifty ended above the 9900 level for the first time by surging 29 points, at new peak of 9915, surpassing its previous closing high of 9891 hit on 13 July. Start of Parliament’s Monsoon Session and anticipations of any updates on the banking sector pushed Nifty within striking distance of 10000.

Market remains positive till Nifty trades above 9850 levels and is expecting target of 9955-9985levels in short term. Though the market has started on bullish note and has been scaling fresh highs every other day, it is time for the momentum chasers to remain very cautious not to get caught off-guard as the Markets have made itself vulnerable to profit taking bouts from higher levels. 9955 and 9985 will act as immediate resistance levels for the market. Supports may come in much lower at 9850 and 9810. 

More about intraday tips on Google +

Resistance: 9955, 9970, 9995

Support: 9885, 9850, 9820