NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 18 SEP 2020

PAY 12000 FOR QUARTERLY FOR ANY PACKAGE & GET 1 MONTH SERVICES FREE 

SERVICES WILL BE GIVEN VIA SMS WHATSAPP BOTH

Market closed lower on Thursday following Fed's statement of slow US economic recovery. The Sensex & Nifty erases yesterday's gains to close with a cut of nearly 1% each. Sensex slips 323 points to 38980 & Nifty 88 points to 11516. Nifty Bank falls 253 points to 2,320 & Midcap index 42 points to 17411. The Indian market ended near day's low on Thursday following losses due to losses in metal and bank indexes. Reliance Industries' dragged the market most, ending 1.19 percent lower. Other index heavyweights that dragged the market today are TCS and HDFC twins. Barring pharma, media and IT indexes, all others ended in red. Nifty Realty slipped the most amongst its peers, by 1.68 percent followed by Nifty Metal and Nifty PSU Bank. Dr Reddy, ZEEL, HCL, INFY and Maruti were the Nfity50 top gainers while Hindalco, Tata Motors, Shree Cement, Bajaj Finserv and Adani Ports remained the index top losers. There are currently no fresh triggers for the market and we can expect volatility. Market is more or less in a consolidation phase after a huge rally in the last few months, we believe. Traders are likely to look at global cues to decide the direction of the market. Now index has established an immediate support near to 11450 and 11400 while a hold above 11550 zones could again give an upper hand to bulls to drive the move towards 11600 and 11650-11700 zones.

More about intraday tips Whatsapp On 9039542248

Resistance: 11550, 11650

Support: 11450, 11350