13 March 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 14 MARCH 2018

BUY BANKNIFTY ABOVE 24900 TGT 25000/25150 SL 24750

Volatility is back to haunt markets. The Sensex gave up early morning gains by late afternoon on Tuesday to trade at 33763 with a loss of 154 points. The Nifty future also turned negative and traded below the psychologically crucial level of 10400 & made a low of 10374. Nifty future has opened at 10401 made a high of 10490 and closed at 10426. India’s retail inflation eased to 4.44% in February from 5.1% in January, but remained above the 4% medium-term target of the Reserve Bank of India.
The overall market view is still positive as the nifty has a bunch of strong support near 10370-10335, and any dips near this level can be a good buying opportunity. I believe that if index holds above 10500 levels then it has the potential to achieve the targets of 10550-10600. I recommend every dip near 10375 can be used to make fresh long in the index with keeping stop out level below 10335 on a closing basis.
RESISTANCE: 10500, 10550
PIVOT POINT: 10400
SUPPORT:  10350, 10300

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