Showing posts with label Market Outlook for Today. Show all posts
Showing posts with label Market Outlook for Today. Show all posts
Nifty Prediction: Intraday Tips for Today
[9:28 AM | 0 comments ]
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Yesterday, Nifty closed with loss of 28 points. As today (Thursday) is the expiry of Nifty December future some volatility may be seen. Nifty showed selling pressure from resistance close to 4,755 levels, whereas some recovery from support 4,700 - 4,685 levels also seen, therefore selling pressure is expected to continue below 4,685 zone and on upside Nifty is expected to face resistance around 4,755 - 4,800 zone. There is also a high possibility of up move towards 4,845 - 4,925 zone. 
For today, traders are advised to sell on any rise in the region from 4,845 to 4,885 with strict stop loss of 4,995 and for downside target of 4,675.

Nifty Updates: Intraday Tips for Today
[9:24 AM | 0 comments ]
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The markets are expected to open in red today. Asian markets also opened in red due to lack of cues from the European and US markets. Yesterday, NSE Nifty closed at 4,750 down by 28 points or 0.6%. The BSE Sensex ended at 15,873.90 down by 96.8 points or 0.61%.
Nifty futures is expected to be bullish in today's trading session if it manages to trade above the resistance level of 4810 else below the support level of 4690 it would be in a downward trend.



Nifty Intraday Tips and levels for Today
[10:37 AM | 0 comments ]
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Yesterday, Nifty managed to trade on a positive note and ended with gains. Today, range bound trading is expected in Nifty. The index is now trading close to the resistance area of 4,822 - 4,842. Nifty has created three higher peaks in intraday chart. Support for today is at 4,752 and then at 4,682, the resistance will be seen around 4,802 and then at 4,842.