Tuesday, February 7, 2017

NIFTY PREDICTION & FREE NIFTY CALLS FOR 8 FEB 2017

"BUY LT FUTURE ABOVE 1500 TGT 1508/1517 SL 1488"
"BUY BANKNIFTY 20300 9 FEB PUT @ 120 TGT 166/189 SL 40"
The market snapped its four-day winning streak driven by the Union Budget, as investors turned cautious ahead of the outcome of the two-day monetary policy committee meeting due Wednesday. The Sensex fell 104 points to 28335 and the Nifty declined 33 points to 8768 on profit booking after rising 3% each in previous four consecutive sessions. The consolidation to continue on Wednesday as the market seems to have priced in rate cut that is likely in forthcoming monetary policy on February 28. Investors are stepping back due to the uncertainty over FOMC rate hike, US policies and rising crude price which could impact inflation and rupee movement which consequently cast a shadow over the future RBI decision.
Pullback rally is expected in upcoming sessions. Going forward, the immediate support for the Nifty is placed at 8720 and 8685 levels. On the flipside, resistance is seen at 8835 and 8875 levels, but the major hurdle is in the 8825-8855 region and till such time that this region is taken out, any rally may be considered as a pull back or of corrective in nature.
More about intraday tips on Google +
Resistance: 8825, 8850, 8875
Support: 8720, 8685, 8655

15 comments:

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  5. Hey,your banknifty 20300 put option running in profit only so should i book it here or wait for the tgt? please guide me.
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    Replies
    1. Asian paints is having support of 1000. till the time 1000 no reach u may hold the call position.

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  9. Mam I have 1 lot asian paints 1040 call of march

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    Replies
    1. Asian paints is having support of 1000. till the time 1000 no reached u may hold the call position.

      Delete