20 July 2017

NIFTY PREDICTION & FREE NIFTY TIPS FOR 21 JULY 2017

"LAST POST HINDUNILVR FUTURE ACHIEVED 1ST TGT"
Market ended on bearish note, with the Nifty closing below 9900, while the Sensex ended one-fifth of a percent lower. Today Nifty was struggling below 9900 level. The broader NSE Nifty closed 0.27% lower at 9873, while the Sensex fell 0.16% to 31904. Sentiments were hit as investors turned cautious ahead of quarterly earnings from heavyweight Reliance Industries Ltd. Quarterly results were likely to remain the main driver of the market in the weeks ahead, at a time when strong gains have raised concerns about valuations. What we see is caution in the market for the near term because of high valuations and as expectations from first-quarter earnings are muted.
The Nifty future has closed at 9873. According to Pivot charts, the key support level for Nifty future is placed at 9850, followed by 9815. If the index starts to move higher then key resistance levels to watch out are 9925. Looking at the current nifty future position 9970 and 9815 is the possible range for the nifty for the rest of July!! Break of either side will result in a very strong up move or down move!!
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Resistance: 9930, 9960, 9990
Support: 9830, 9805, 9775

2 comments:

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