Free Sure shot stock tips for tomorrow
SHORT SBIN FUTURE BELOW 1870 TGT 1850 & 1830 SL-1892
Nifty market overview:
Nifty closed on a weak note and made significant cut. Nifty formed a big bearish candle and lost some of its vital supports. After a gap down opening, Nifty failed to recover and slipped further. Nifty lost its sentimental support level of 5100 and 5050. Owing to big ticket selling in large caps and midcap, Bulls yielded to the bears and because of this, Indices closed with negative market breadth. In today’s session, Nifty though closed weak, yet, maintained its closing above the vital supports of 9,14 & 50 day’s SMA placed at 5006,4970 &5005 but closed below 100day’s SMA placed at 5265. These levels may be the new ranges in forthcoming sessions. Latent buying was not evident in any of the segments; this may be a reason to worry for coming sessions. VIX, the barometer of uncertainty, though corrected and closed at a modestly low level of 25.90, indicating lesser than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 51.73 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness some range bound movements in forthcoming session.
Nifty Level for tomorrow's market:
The resistance level for nifty should be bound between 5081-5121 and the support level for tomorrow's market should be 5010-4959.
SHORT SBIN FUTURE BELOW 1870 TGT 1850 & 1830 SL-1892
Nifty market overview:
Nifty closed on a weak note and made significant cut. Nifty formed a big bearish candle and lost some of its vital supports. After a gap down opening, Nifty failed to recover and slipped further. Nifty lost its sentimental support level of 5100 and 5050. Owing to big ticket selling in large caps and midcap, Bulls yielded to the bears and because of this, Indices closed with negative market breadth. In today’s session, Nifty though closed weak, yet, maintained its closing above the vital supports of 9,14 & 50 day’s SMA placed at 5006,4970 &5005 but closed below 100day’s SMA placed at 5265. These levels may be the new ranges in forthcoming sessions. Latent buying was not evident in any of the segments; this may be a reason to worry for coming sessions. VIX, the barometer of uncertainty, though corrected and closed at a modestly low level of 25.90, indicating lesser than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 51.73 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness some range bound movements in forthcoming session.
Nifty Level for tomorrow's market:
The resistance level for nifty should be bound between 5081-5121 and the support level for tomorrow's market should be 5010-4959.
