Wednesday, April 5, 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 APRIL 2017

FOR FREE NIFTY FUTURE,STOCK FUTURE & OPTION TIPS FILL UP THE FORM GIVEN HERE>>>>
Market clocked a record closing high helped by a rally in realty and consumer durable stocks, while investors awaited RBI monetary policy decision. The Sensex retreated over 80 points after reaching its 52-week high of 30007. Nifty witnessed a gradual upbeat with range-bound volatility and finally recovered to close at record level. The Nifty started the day on a record high of 9252, surpassing its previous high of 9245 it touched on April 3, 2017. The index, however, pared its gains to trade in negative as investors stayed cautious ahead of the 2-day Reserve Bank of India policy meet. The Monetary Policy Committee, headed by RBI Governor Urjit Patel, began its two-day meeting today amid experts saying that the central bank is likely to hold the repo rate while unveiling the first bi-monthly review of 2017-18 in view of hardening inflation. The Sensex closed 64 points up at 29974.  The Nifty ended 27 points higher at 9265.
All eyes are now on RBI monetary policy decision. Major market trends may remain positive as long as the Nifty holds above the psychologically important 9200 mark. This would be a primary support with more support available below the “gap” at around 9175-9150. Technicians will note that the gap has not been filled in this week remaining 2 trading sessions. Primary resistance would now be at 9285-9310 zone. If the uptrend persists, short-term targets will be in the 9325 zone. Obviously every trend following system would recommend staying long. In technical terms, all trends (short/ medium-term and long-term) seem strongly bullish despite the probability of a further short-term correction on profit-booking.
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Resistance: 9300, 9335, 9375
Support: 9200, 9175, 9150

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