NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 DEC 2016

"YESTERDAY'S BANKNIFTY FUTURE ALMOST ACHIEVED 1ST TGT "

DLF 130 CALL CONTINUE TO HOLD FOR TOMORROW

TO GET LIVE MARKET CALL FILL UP THE FORM GIVEN HERE>>>>

Lackluster movement was there in the market today. The NSE Nifty ended Tuesday's session on a positive note but failed to hold 8150 level due to late sell-off in private banking & financials and auto stocks. Investors remained cautious ahead of the outcome of monetary policy committee meeting tomorrow. The BSE Sensex was up 43 points at 26392, and the NSE Nifty gained 14 points at 8143 after hitting an intraday high of 8178. The recent recovery in the market after falling below 8000 level indicated that a 25 basis points cut in repo rate is largely priced in. Now all eyes are on commentary of the Reserve Bank of India, the upside may continue if RBI cuts repo rate by 50 basis points on December 7.

Markets would now be eyeing RBI's GVA guidance, as it could give more insight into RBI's conviction about growth.  For tomorrow stay light before the event, considering the possibility of erratic market swings. On the upside, the Nifty has significant resistances at 8200 and 8250 levels. A conclusive rally above the second resistance is needed to strengthen the bullish momentum and take the contract up to 8280 and 8340 in the same period. Therefore, traders with a short-term perspective should desist from trading in the index futures contract as long as it trades in the sideways band between 8130 and 8050.

More about on Google +

Supports: 8130 and 8050

Resistances: 8200 and 8250