8 March 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 9 MARCH 2018

"NIFTY SELL BELOW 10230 TGT 10180/10120 SL 10300"
As we have predicted yesterday after opening at 10217 nifty future has made low 10155 and high of 10277 and closed at 10233.  The Sensex and Nifty snapped the six-day losing streak on Thursday following a strong Asian market closing on easing fears of a global trade war as the White House signalled it would water down plans for contentious metal tariffs. Short covering also led to the bounce back.

As being week ended Friday tomorrow the markets will remain range bound as there is no major trigger for this week. The mood of the market will remain buoyant and stock specific movement will dominate the week but in general the wait and watch phase will continue. We recommend avoiding long and keeping overall exposures moderate while keeping a cautious view on the market. The levels of 10325 and 10400 will act as immediate resistance levels for the market. Supports come in at 10150 and 10100 zones. 
RESISTANCE: 10325, 10375, 10425
PIVOT POINT: 10150
SUPPORT:  10100, 10050, 10000 

No comments:

Post a Comment