22 March 2018

NIFTY PREDICTION & FREE TIPS FOR 23 MARCH 2018

VOLTAS TRADED BELOW ITS 55&22 EMA

Snapping its two-day winning run, the domestic equity market ended in the red on Thursday on US Federal Reserve signalling faster pace of rate hikes and rising crude oil prices. Market fell on Thursday, dragged by banking and financial stocks, ahead of the expiry of derivatives contracts and after the US Federal Reserve raised interest rates while retaining its view for three hikes this year. The S&P BSE Sensex ended at 33006, down 130 points while the broader Nifty future settled at 10116, down 64 points. Nifty future has opened at 10195 made a high of 10237 and low of 10110. This level will continue to pose a threat to the Nifty in the immediate short term.
It is expected to be volatile going ahead and further correction could not be ruled out due to political developments as many state elections are lined up in the year ahead followed by general elections 2019. Going into trade on Friday, expect a similar behavior from the market. A modestly positive opening to the trade is expected once again, but it would be imperative for the market to move past the 200-DMA mark, which stands at 10170. Longer the market stays below 200-DMA, more vulnerable it will remain to selling.  Friday will see the levels of 10250 and 10275 playing out as immediate resistance area for the market. Supports come in at 10100 and 10000 zones. 
More about intraday tips on Google +
Resistance: 10250, 10300, 10350
Support: 10100, 10050, 10000

2 comments:

  1. very nice blog well written content.Voltas future call final target achieved.to get best stock future callsvisit equity future calls

    ReplyDelete
  2. The given tips are very accurate and helpful to all the traders. Every trader must see this post to get the live market news update.
    FUTURE TIPS

    ReplyDelete