Thursday, October 12, 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 OCT 2017

Market skewed in the favor of bulls..!!! Bulls tightened their grip on Dalal Street. The quarterly results kicked off the market today. The Indian stock market closed at three-week high led by Reliance Industries. A strong rally in Hindalco, Bharti Infratel, Sun Pharma and TCS also contributed to the gains. The Sensex closed up 348 points at 32182, while the Nifty future ended higher by 124 points at 10116. Nifty future has opened at 10018 made a high of 10117 & low of 9995 total 122 points moved nifty future in intraday.

Going into trade on Friday, we continue to expect the markets in general to remain volatile and continue to remain susceptible profit taking bouts at higher levels. However, huge amount of shorts were seen being added to the system and this will cushion the Markets on the downside in coming days. The levels of 10150 and 10175 will play out as immediate resistance area for the Markets. Supports come in at 9955 and 9900 levels. 
More about intraday tips on Google +
Resistance: 10150, 10175, 10200
Support: 9955, 9925, 9900

1 comment:

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