"BUY ON DIPS NIFTY FUTURE NEAR 9155 TGT 9185/9220 SL 9110"
The NSE
Nifty hit a record high and the rupee rose to its strongest level in nearly 17
months on Thursday after the US Federal Reserve signalled no pick-up in the
pace of its interest rate tightening. The NSE Nifty rose as much as 0.85% to a
record high of 9152 points, marking its second all-time peak in three sessions.
Sentiment had already been turning more bullish after a big election victory by
Prime Minister Narendra Modi in the key state of Uttar Pradesh at the weekend.
Nifty would see targets of
9180-9220-9300, soon. Investors can go long in blue-chip companies and Banking
sector. Overall, market is positive and all trades should be in long side.On the other hand, Fresh short
positions are recommended with a fixed stop-loss only if the contract declines
below 9,145 levels.
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Resistance: 9180, 9230,
9255
Support: 9100,
9050, 9000
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