21 February 2018

NIFTY CAN FALL UPTO 10200 LEVELS

BUY NIFTY 10400 CALL @ 25 TGT 39/54
 SELL TATAMOTORS FUTURE BELOW 364 TGT 361.7/358.5 SL 367.4

FOR FREE NIFTY/FUTURE/OPTION TIPS FILL UP THE FORM HERE>>>>>

NIFTY follow the Key Resistance @ 10430-10500 AND Support @ 10330,10090; intermediate bounce back possible if sustains above 10430
Snapping its three-day losing streak, the Sensex ended higher by over 140 points on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid a firm trend in Asian bourses.The Sensex has opened at 33813 made a high of 33911 and low of 33702 and closed at 33844 , up 141 points. The nifty future has opened at 10405 made a high of 10409 and low of 10341.4 and closed at 10390 with up 50 points.On Tuesday, NIFTY witnessed decent rebound post a flat opening, but later failed to surpass the intraday resistance of 10,430 level during the day, where a narrow range consolidation failed to save index from extending losses. Finally, NIFTY closed the session near its day’s low of 10,390marks, with cut of 50 points.

Nifty needs to decisively move beyond 10430 levels to strengthen the bullish momentum and take nifty higher. A strong support is at 10330/10285. If nifty break below this level, nifty would be fall to 10200 or even 10090.The Nifty is likely to see the 10430 and 10470 levels playing out as immediate resistance area on Thursday, supports are expected at 10330 and 10290 levels.
Resistance: 10430, 10470, 10500, 10530
Support: 10330, 10290, 10250, 10090


3 comments:

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