3 May 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 MAY'18

"BUY MANAPURAM FINANCE 135 CALL @ 3 TGT 4.5/6.4 SL 1.4"
"SELL HEXAWARE FUTURE BELOW 434 TGT 431.50/428.50 SL 439"
Bulls are showing fatigue with not ruling out a good corrective move after crossing the hurdle of 10700. Market now awaits the Fed meet outcome. On Thursday nifty future has opened at 10720 made a high of 10738 and low of 10665 and finally closed above 10700 at 10706 level. Total 73 points nifty future has moved in intraday.
As of now, no major technical breakdowns are visible on the lower timeframe charts, and hence, the Nifty future may witness rangebound movement between 10795 and 10650 levels before witnessing a directional move. The support for the Friday is seen at 10650 while resistance is seen at 10775.
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Supports: 10650, 10600
Resistances: 10775, 10850


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