NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 26 SEP 2017

Bears tighten their grip in the market & took nifty future below the 9850 level as investors booked profit anticipating near-term pain. The F & O expiry week has started on bearish note nifty has been making lower tops and lower bottoms from last four sessions and broke its trend line support by connecting the swing lows of 9800 level. Geopolitical tensions, Another Fed rate hike hint, Fears of fiscal imbalance, FII outflows, High stock market valuation are some of the reason of this correction in the market. Today nifty future has started from 9965 made a high of 9969 and low of 9841 finally closed below the support level 9900 to 9879, Total 128 point movement was there in intraday in nifty future.

On Tuesday, we may see a subdued start to the session. The Nifty future rests below support level 9900. It would be critically important for the index to maintain itself above this level, failing which we might see more weakness creep in.  The 9970 and 10050 levels will act as immediate resistance for the Nifty future. Supports will come in at 9835 and 9775 levels.

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Resistance: 9975, 10025, 10055

Support: 9835, 9775, 9735