NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 3 JAN 2018

“SELL NIFTY FUTURE BELOW 10465 TGT 10425/10400 SL 10515”

“BUY TATASTEEL FUTURE ABOVE 728 TGT 734/739 SL 720”
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Tug of war between bulls & bears was witnessed in today trading session & bears were the winner.After a higher opening at 33913, the Sensex advanced to hit the day’s high of 33964. But profit-booking towards the middle of the session erased gains completely dragging the index to a low of 33703. The Nifty future, ended lower by 35 points at 10463 after moving between 10524 and 10436. The upcoming corporate result season, beginning later this week and the approaching Union Budget kept investors on their toes, who indulged in selling activity.

The Nifty future has slipped below support level 10475 & closed at 10463. Going into Wednesday trade, the market is poised in a tricky situation. We might see modestly positive to flat opening. Shorts are being added to the system given the fact that the support level 10400 remains in close vicinity at 10425, the market may seek to take some respite from the current spate of weakness.  On the other hand, the 10535 and 10575 levels will pose stiff resistance on the upside. We recommend avoiding shorts and keeping overall exposures moderate while keeping a cautious view on the market.

WEEKLY RESISTANCE FOR NIFTY: 10535, 10565, 10585

PIVOT POINT: 10425

WEEKLY SUPPORT FOR NIFTY:  10400, 10375, 10350