NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 27 MAY 2020

NIFTY CALL ACHIEVED TARGET

CHECK HERE http://niftytipsniftylevels.blogspot.com/2020/05/blog-post_22.html 

NIFTY 9050 CALL  BUY GIVEN ON FRIDAY @ 112 ACHIEVED BOTH TARGET  130/150
4200 PROFIT

FOR MORE CALLS WHATSAPP ON 9039542248

Volatility ruled the roost. After opening just near 9100 mark at 9099.75 it made a high of 9161 then suddenly nifty falls like anything and came down to 8996 but finally bulls tried show some enthusiasm and came back  to track & finally closed the day at 9029 in loss of 10 points. The Sensex slipped 477 points from day's high to settle at 30609. Today’s downfall weighed by information technology (IT) and pharmaceutical stocks.

There is clear sign of weakness at higher levels when observing the lower time frame charts of the Nifty. The bulls managed to protect the 9000-mark on the Nifty after falling briefly below that level. As we move into Wednesday, we believe the range of 8900 -9100 will be critical. For the bulls, upper level of descending triangle and the 89-day exponential moving average act as a very strong resistance. It will be difficult to predict which way markets are headed until we see a decisive break on either side of the range.

Resistance: 9100, 9200

Support: 8900, 8800