NIFTY PREDICTION & FREE NIFTY TIPS FOR 27 FEB 2018

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NIFTY IS EXPECTED TO FOLLOW UPWARD MARCH IF IT CROSSES THE HURDLE OF 10650
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NIFTY follow the Key Resistance @ 10640AND Support @ 10505

Sensex closing over 300 points higher and NSE’s Nifty 50 closing at 10,582,gains for a second straight session on Monday, shares were boosted by gains in auto and realty stocks, offsetting losses in IT and Tech. The gains come after stock markets fell on worries over the fallout from a $1.8 billion fraud at Punjab National Bank. Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 10630-10640 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.

For the coming session, 10630 – 10640 would continue to act as immediate resistance; whereas, 10505 - 10470 remains to be an important support zone. However, in case of further decline, its 200-day moving averages (placed at around 10,085 level) will continue to work as key reversal point.Nifty continues to move in a range (10400-10600). This can be termed as a Consolidation with a bullish bias. A narrow range seems like a precursor of a bigger move which is likely to follow. A break on the upper side of the range will lead the Nifty to test 10722-10800; whereas a bearish  breakout to the trading range will lead the Nifty towards the Flag target of 10500/10430.

Resistance: 10640, 10680, 10722

Support: 10505, 10470, 10430