Thursday, July 12, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 JULY 2018

Monsoon bonanza..!!! Market hit fresh lifetime high in Thursday trade due to best quarter for India Inc in 3 years, best sequential growth for TCS in 4 years &Updated World Bank figures for 2017, i.e. India has become the world's sixth largest economy, muscling past France. India's gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. The Sensex registered an all-time high record closing while the Nifty crossed the 11000 mark after taking gap of 5 months.  The Sensex today rose 282 points, to close at 36548. The Nifty future surged 76 points and settled at 11015. Nifty future has opened at 10981 made a high of 11069 and low 10976, total 93 point nifty future has moved in intraday.

The volatility in the stock market will likely continue in the short term. Supports are shifting higher gradually. As long as Nifty holds above 10900 , the momentum could extend towards 11125 and then 11150. On the downside, major support exists at 10925 and then 10875 levels. 
More about intraday tips on Google +
Resistance: 11125, 11175
Support: 10950,10900

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