19 February 2018

NIFTY OUTLOOK FOR 20-FEB 2018

BUY RELIANCE 920 CALL @ 13 TGT 16/21

SELL SBIN FUTURE BELOW 267 TGT 265.5/262 SL 270



16TH FEB 2018 CALL; MARUTI ACHIEVED TGT 8700
https://beststockfuturecalls.blogspot.in/2018/02/weekly-maruti-rocks.html

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

 NIFTY follow the Key Resistance @ 10500-10640 it can slip back to Support @ 10190,10090; intermediate bounce back possible if sustains above 10500

Sensex today cracked below the 34,000-mark by plunging over 236 points to end at a nearly two-month low of 33,774.66 on sustained selling in PSU, metal and banking counters amid the massive PNB fraud weighing on investors’ sentiment. Moreover, renewed concerns that a rebound in global crude oil prices will have an adverse impact on fiscal deficit too kept participants cautious.Shares of Punjab National Bank (PNB) fell about 8 per cent, extending the decline for a fourth straight session, following the Rs 11,400-crore fraud at its Brady Road branch, Mumbai. The stock has fallen nearly 31 per cent in four straight sessions since the bank detected the fraud

Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 10500-10600 levels to strengthen the bullish momentum and take nifty higher to 10630 and 10670 levels. A strong support is at 10300/10270. If nifty break below this level, nifty would be fall to 10200 or even 10090.
The Sensex has opened at 34411made a high of 34508 and low of 33957 and closed at 33774 ,down236 points. The nifty future has opened at 10470 made a high of 10485 and low of 10290.10 and closed at 10376 withdown 64 points.
Resistance: 10500, 10615, 10640

Support: 10290, 10250, 10090

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