6 August 2018

NIFTY OUTLOOK & FREE TIPS FOR 7 AUG 2018

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No Monday blues for the bulls..!!! Continuing their record-breaking run, bulls hit new fresh record highs on Monday & took nifty above 11400 marks for the first time history of Indian stock market led by banking stocks amid strong cues from global markets. . Nifty future started from 11420 made a high of 11447 and low of 11386  & finally closed at 11421.It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance would be seen at 11500-11550 and a sustainable move beyond this would extend this rally towards 11600. On the flip side, 11365-11300 are likely to act as strong support levels unless this zone is violated decisively, the bulls need not worry.

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Resistance: 11500, 11550, 11600
Support: 11365, 11325, 11275

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