NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 MARCH 2017

"BUY HINDUILVR FUTURE ABOVE 919 TG 924/932 SL 912"

"SELL AXISBANK FUTURE BELOW 512 TG 507/502 SL 519"

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Market gave the salute to Modi’s victory by opening above 9100. After opening up, the Nifty hit an all-time high of 9122 and Sensex raced towards the 30000 mark in intraday trade. Modi’s win strengthened his claim to a second term in 2019, and investors are betting it will embolden the ruling Bharatiya Janata Party (BJP) to embark on more reforms including launching the countrywide goods and services tax passage of labour and land acquisition bills. The Nifty closed at all time high of 9,087 and Sensex surged 1.7% on Tuesday as investors saw Prime Minister Narendra Modi’s landslide victory in Uttar Pradesh as an endorsement of his economic reform agenda.

The index will continue to remain strongly bullish by tomorrow also Tomorrow on Wednesday another gap up opening could well be likely! We are likely to see further upward movement in the tomorrow’s session. However, the range between 9100 and 9130 would emerge as a strong supply zone, once if these levels will cross 9150 will be the next target for bulls. At the other side if down trend will take place then 8950 will act as highest supporting level for Nifty.

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Resistance: 9100, 9130, 9150

Support: 9000, 8950, 8900