NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28-NOV-2017

"BUY IDFCBANK 55 CALL @ 0.65 TGT 0.95/1.25"

"SELL TATAMOTORS FUTURE BELOW 422 TGT 421.40 /419.50 SL 423.50"

The Nifty future closed eighth consecutive session in positive territory backed by banking & financials. It’s slow but steady heading towards higher levels with some consolidation in short term. It made a high of 10425 levels & closed to 10423.  Positive European cues also pushed market higher. The Sensex rose 45 points to 33724 and the Nifty gained 13 points at 10423.

It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance would be seen at 10450-10500 and a sustainable move beyond this would extend this rally. On the flipside, 10300-10250 are likely to act as strong support levels. Being expiry week of F&O expiry we expect some kind of consolidation in the market.

More about intraday tips on Google +

Resistance: 10450, 10500, 10550

Support: 10300, 10250, 10200