Monday, August 28, 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 AUG 2017

Market began the week on a positive note, driven largely by a rally in Infosys. The Nifty ended above 9990-mark. The Sensex closed up 154 points at 31750, while the Nifty ended higher by 55 points at 9912. On Monday, the markets opened on a positive note after an extended weekend. Both Sensex and Nifty were gaining more than half a per cent in early trade.
The overall market view is still positive as the nifty has a bunch of strong support near 9900-9850, and any dips near this level can be a good buying opportunity. I believe that if index holds above 9900 levels then it has the potential to claim the targets of 9970-10000. I recommend every dip near 9870 can be used to make fresh long in the index with keeping stop out level below 9850 on a closing basis.
More about intraday tips on Google +
Resistance: 9950, 9970, 10000
Support: 9900, 9870, 9850


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