7 December 2017

NIFTY OUTLOOK FOR 08 DEC 2017

RELIANCE 960 CALL made a high of 16 call given to buy @12.5 yesterday.Hope you have booked partial profit Continue to hold for the target of 22.4 to book huge profits.
Equity benchmarks recouped previous session's losses on Thursday, with the Sensex rising nearly 400 points intraday on short covering and value buying across sectors.
The 30-share BSE Sensex was up 352.03 points or 1.08 percent at 32,949.21 and the 50-share NSE Nifty rose 122.60 points or 1.22 percent to 10,166.70.
GAIL was biggest gainer among Nifty 50 stocks, up 4 percent followed by Tech Mahindra, Tata Power, Bosch, Eicher Motors, NTPC, Tata Steel, Maruti, Bajaj Auto and L&T.
Bulls are seen again in action today. They managed to make nifty cross the hurdle of 10175-10200 as predicted by us in last post  and made a high of  10218.Now market is in positive note. We may see the same uptrend continued tomorrow .Nifty may have a support of 10200.
TO GET FREE TRIAL CALLS PL FILL THE FORM ON RIGHT SIDE
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DAILY RESISTANCE FOR NIFTY: 10220, 10250, 10275
PIVOT POINT: 10175
DAILY SUPPORT FOR NIFTY:  10120, 10100, 10075

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