Monday, March 18, 2019

NIFTY OUTLOOK & FREE OPTION TIPS FOR 19 MARCH 2019

BUY ICICIBANK 410 CALL @ 2.8 TGT 3.8/5
BUY SRF 2300 PUT @ 12 TGT 17/22
Nifty continued to trend higher. The Bulls kept the momentum going for market as it pushed the index above 11500 in trade on Monday but profit booking at higher levels pulled the index lower towards 11400 but before the closing bulls managed to close nifty above 11450. FII inflows and firm global cues supported the market.
The index formed a bullish candle on the daily scale and needs to hold above 11450 to extend gains towards 11550 , and then 11575 -11600 zone. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 11425 and then 11400 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 11350. 
More about intraday tips on Google +
Resistance: 11550, 11600
Support: 11425, 11350

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