3 September 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 SEP 2018

After opening higher bulls could not sustained as nifty future came down below 11650 mark. The week has started on positive,nifty future opened on Monday at 11755 as India’s GDP expanded faster than expected at 8.2% in the June quarter, compared to 5.6 per cent growth in the year-ago period and 7.7% in March quarter,  after opening nifty was trading on flat note. But before the closing nifty future has came below to 11634 & finally closed the day at 11624.
We reiterate our bullish view on markets and suggest keeping “buy on dips” approach in Nifty future till it holds above 11600. Nifty future has already surged yet to a new high now with daily trends also turning positive. The support for the day is seen at 11600/11550 while resistance is seen at 11775/11800.
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Resistance: 11775, 11800, 11825
Support: 11625, 11600, 11575

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