"BUY SRTRANSFIN FUTURE ABOVE 1154 TGT 1164/1188 SL 1142"
"SELL SRTRANSFIN FUTURE BELOW 1140 TGT 1132/1119 SL 1155"
Market has started the Wednesday trading
session on a firm note. Bulls have shown the strength & took the nifty
above 10750 resistance level. Market sentiments were boosted by better than
expected macro data and cabinet’s approval to raise MSP for kharif crops. Today
nifty future has started from 10716 made a high of 10776 and low of 10671
finally closed at 10776 up by 42 points.
We expect the nifty to remain range-bound in the coming sessions. Domestic macro data and movement of currency & crude oil will dictate the further course of the market in the near term. Traders would also closely monitor the trade tension between US & China. Under uncertain domestic and global environment, steady reform implementation and revival in the corporate earnings is essential for the markets. Market is gradually picking up momentum however Nifty still needs to cross the hurdle of 10825 on closing basis. The support for tomorrow in nifty will be at 10650 while resistance is seen at 10850.
We expect the nifty to remain range-bound in the coming sessions. Domestic macro data and movement of currency & crude oil will dictate the further course of the market in the near term. Traders would also closely monitor the trade tension between US & China. Under uncertain domestic and global environment, steady reform implementation and revival in the corporate earnings is essential for the markets. Market is gradually picking up momentum however Nifty still needs to cross the hurdle of 10825 on closing basis. The support for tomorrow in nifty will be at 10650 while resistance is seen at 10850.
More about intraday tips on Google +
Resistance: 10800, 10825, 10850
Support: 10650, 10625, 10600
NIFTY
ReplyDeleteTRADING TIPS
http://niftytipsniftylevels.blogspot.com/