14 March 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 15 MARCH 2018

"BUY 1 LOT RELCAPITAL 460 CALL @ 10 TGT 14.5/18.9 SL 4"
"SELL TATASTEEL FUTURE BELOW 620 TGT 618.2/616.4 SL 623"

"Banknifty future calls given yesterday has closed at  24970 . Hope u have booked your profit there. "
 Market gained a positive momentum on account of easing inflation and better than expected IIP data. However, selling in IT and profit booking in banks failed to keep positivity throughout the day. Benchmark Nifty future ended the day 6 points down at 10433, while the Sensex, which opened at 33733 points, closed 7 points down at 33849 points.  The Sensex, after a gap down opening at 33733 continued its slide to touch a low of 33580. Later, it recovered to 33875 on firming trend in Europe and a recovery in major banking stocks following a benign wholesale inflation data. The index finally settled 21 points lower at 33835. During the day, the barometer swung almost 295 points (both sides). The Nifty future cracked below the key 10400-mark to touch a low of 10342, before finally ending 6 points, down at 10433. Intra-day it touched a high of 10438.
Going into trade on Thursday, though we expect a quiet start, we expect the follow-through rally to continue with the levels of 100-DMA acting as important support. The levels of 10475 and 10525 will act as immediate resistance levels for the market. Supports come in at 10335 and 10300 zones.
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Resistance: 10475, 10500, 10525
Support: 10340, 10310, 10280

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