NIFTY PREDICTION & FREE NIFTY TIPS FOR 15 FEB 2018

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Yesterday’s banknifty achieved target of 25300 made a low of 25250. As predicted by us in our last POST “BANKnifty will trade negative towards 25300”and exactly same happened and is expected to continue negative move towards 25000..!!

 NIFTY follow the Key Resistance @ 10590-10600 it can slip back to Support @ 10420,10375; intermediate bounce back possible if sustains above 10600

The benchmark indices ended lower on Wednesday taking cues from its key Asian peers.Massive sell-off in banking sector stocks pulled the key Indian equity indices lower and

heavy selling pressure was witnessed in banking, healthcare and automobile stocks.

Nifty maintain 10590-10600 zone makes it a Strong Resistance & as long as it holds below this it is likely to remain under pressure. 55 days EMA is near 10585 levels. Support is seen at 10420 below which it can extend downside till 10300/10250 levels. A decisive breakout above 10600 is required for a bounce back till 10660 / 10755 levels from where it can slip lower again, until then is it likely to remain under pressure.

The Sensexhas opened at 34436 made a high of 34473 and low of 34028 and closed at 34155 ,down 144 points while the nifty settled at 10462, down 80 points. The nifty future has opened at 10569 made a high of 10587 and low of 10456 and closed at 10462.

The Nifty is likely to see the 10590 and 10600 levels playing out as immediate resistance area on thursday, supports are expected at 10415 and 10380 levels.

Resistance: 10590, 10600, 10630

Support: 10415, 10380, 10350