Thursday, January 3, 2019

NIFTY PREDICTION & FREE OPTION TIPS FOR 4 JAN 2019

NIFTY TODAY
Bears continue to rule dalal street & took nifty below 10700 mark. The Sensex ended nearly 400 points lower. At the close of market, the Sensex was down 377 points at 35513 and the Nifty lower by 120 points at 10672. It’s the anxiety on global front which is haunting our markets now. And it may continue to linger for some time and then earnings season would take over.
NIFTY TOMORROW
The near-term metrics are mixed. The sharp fall clearly indicates lack of confidence among market players. Market’s daily strength indicator RSI has turned bearish along with a negative crossover, which supports bearish sentiments.  Aggressive traders with high risk appetite can consider short positions on the index with a stop loss above the 10800 mark on a closing basis and look for an initial target of 10550.
DAILY RESISTANCE FOR NIFTY: 10800,10900,11000
PIVOT POINT:10700
DAILY SUPPORT FOR NIFTY :  10650,10550,10450

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