16 October 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 OCT 2017

Market began the Diwali week on a bullish note and ended Monday’s session at record high levels supported by stable global cues and sustained domestic fund buying. Better-than-expected macroeconomic data boosted investors' sentiment, which helped nifty future to touch a record high today. The Sensex closed up 200 points at 32633, while the Nifty future ended higher by 62 points at 10255. Nifty future has opened at 10220 made a high of 10260 & low of 10197, total 63 points nifty future moved in intraday.
It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance would be seen at 10300-1350 and a sustainable move beyond this would extend this rally. On the flipside, 10150-10100 are likely to act as strong support levels. Being a Diwali week, we expect some kind of consolidation in the market.
More about intraday tips on Google +
Resistance: 10280, 10300, 10320
Support: 10200, 10150, 10100

1 comment:

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