Monday, March 11, 2019

NIFTY PREDICTION & FREE NIFTY TIPS FOR 12 MARCH 19

BUY ICICIPRULI 350 CALL @ 5.5 TGT 7.5/8.5
BUY SBIN 295 CALL @ 3.6 TGT 4.6/5.8
Bulls tighten their grip on the dalal street & took the nifty near 11200 mark. This is part of an election rally and FII (foreign institutional investor) data has been positive. The Nifty opened on Monday and headed towards its 26-week high of 11180 zone. Indian markets jumped sharply today, led by gains in auto, metal, energy and pharma stocks. The Sensex closed 382 points higher at 37054, its highest close since September 2018, while Nifty jumped 1.2% to 11171.
The index formed a bullish candle on the daily scale and needs to hold above 11120 to extend gains towards 11,200, and then 11,250-11300 zone. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 11120 and then 11055 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 10995. 
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Resistance: 11200, 11250
Support: 11100, 11050

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