6 June 2017

NIFTY PREDICTION & FREE OPTION TIPS FOR 7 JUNE 2017

"YESTERDAY’S NIFTY FUTURE CALL ALMOST ACHIEVED 1ST TGT MADE A LOW OF 9658"
TO GET FREE OPTION,FUTURE,NIFTY TIPS FILL UP THE FORM HERE>>>
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"BUY SYNDICATE BANK FUTURE ABOVE 82.40 TGT 83.50/85.30 SL 81.20"
"BUY SAIL 55 PUT @ 1.10 TGT 1.45/1.75 "
Market closed downside as traders preferred profit booking ahead of outcome of two-day monetary policy committee meeting that due on Wednesday. The Reserve Bank of India is likely to keep interest rates unchanged at 6.25% at its review on Wednesday, but likely to sound less hawkish than the last monetary policy committee meeting, according to a Reuter’s poll. Today the Sensex shed 119 points to close the session at 31190, with TCS being the top gainer and Tata Motors the worst laggard on the index. The sensex, which opened at 31420, hit an intraday high and low of 31430 and 31172, respectively. The Nifty50 ended below 9650 level after hitting psychological 9700-mark for the first time in opening trade. The nifty future made a high of 9704 & low of 9658 & closed at 9666 total 46 points movement was there in intraday.
Pullback rally is expected in tomorrow’s sessions. Tomorrow, a decline below 9620 is expected and also suggested to sell Nifty future if conditions matched for same targets below 9600. Going forward, the immediate support for the Nifty is placed at 9580 and 9550 levels. On the flipside, resistance is seen at 9720 and 9750 levels, but the major hurdle is in the 9635-9370 region and till such time that this region is taken out, any rally may be considered as a pull back or of corrective in nature.
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Resistance: 9720, 9750, 9775
Support: 9620, 9585, 9550

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