Thursday, January 16, 2020

NIFTY OUTLOOK & OPTION CALLS FOR 17 JAN 2020

JUST PAY 1500 & GET LIVE MARKET CALLS FOR OPTION/ STOCK FUTURE /STOCK CASH INTRADAY/NIFTY FUTURE FOR 1 WEEK
Bulls continued to run to achieve the new goal. Both Sensex and Nifty made a new high. Sensex gained as much 187 points to hit a record high of 42059 while Nifty too scaled fresh all-time high of 12389, up 46 points. Market ended Thursday’s session on a positive note, buoyed by gains in world equities. On the domestic front, investors focused on the upcoming Union Budget, and December quarter corporate report cards. The Sensex closed to 60 points higher at 41933, while the Nifty rose 13 points to settle at 12356.

It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance would be seen at 12425-12450 and a sustainable move beyond this would extend this rally towards 12500. On the flipside, 12300-12250 are likely to act as strong support levels unless this zone is violated decisively, the bulls need not worry.
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Resistance: 12425, 12465, 12500
Support: 12300, 12250, 12200

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