Tuesday, March 20, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 MARCH 2018


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Snapping its five-session losing spree, The Sensex closed Tuesday's session in the green on gains in metal, pharma, IT, auto and PSU bank stocks.  Nifty fluctuated before finishing modestly higher on Tuesday as traders covered short positions after recent string of losses. The Sensex rose 73 points t to 32996 while the Nifty index ended up 30 points at 10124. Underlying sentiment remained somewhat cautious as investors weighed prospects of a 25 basis point hike in interest rate by the U.S. Federal Reserve this week.
The Nifty future has closed 10158. According to charts, the key support level for Nifty future is placed at 10100, followed by 10000. If the index starts to move higher then key resistance levels to watch out are 10200, followed by 10300.
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Resistance: 9700, 9725, 9750
Support: 9625, 9605, 9575


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