15 February 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 16 FEB 2018

BUY 2 LOT NIFTY ABOVE 10575 TGT 10630/10660 SL 10500
FOR FREE NIFTY/FUTURE/OPTION TIPS FILL UP THE FORM HERE>>>>>

 NIFTY follow the Key Resistance @ 10600-10640 it can slip back to Support @ 10505,10450; intermediate bounce back possible if sustains above 10620
The Sensex was trading higher by 142 points or 0.41 per cent at 34,297.and the Nifty up 62 points or 0.45 per cent at 10,548.The Indian benchmark indices opened higher on firm Asian cues; however it soon pared gains and witnessed selling pressure in the last hour of trade resulting in 0.4% decline.The broader market indices outperformed with Midcap and Small Cap index ending with minor gains. Sector Indices exhibited mixed trend with BSE index fell from intraday high of 34,535.Due to fresh selling pressure in capital goods, consumer durables, and infrastructure and realty stocks amid firm global cues. However, oil & gas, metal, IT and FMCG stocks remained investors' favorite.The global cues had some GREEN flags entrenched once again, as recovery in US Markets in the current week, saw the markets easing to a greater extent. 

Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 10600-10640 levels to strengthen the bullish momentum and take nifty higher to 10670 and 10730 levels. A strong support is at 10505. If nifty break below this level, nifty would befall to 10460 or even 10400.
The Sensexhas opened at 34207 made a high of 34535 and low of 34186 and closed at 34297 ,up 142 points while the nifty settled at 10557, up62 points. The nifty future has opened at 10534 made a high of 10630 and low of 10505 and closed at 10557.
The Nifty is likely to see the 10600 and 10640 levels playing out as immediate resistance area on Friday; supports are expected at 10505 and 10470 levels.
Resistance: 10600, 10640, 10680

Support: 10505, 10470, 10430

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