NIFTY MARKET LIVE RECOMMENDATIONS

  Nifty closed on a very firm note  and made significant gains. Nifty formed a big bullish candle and restored its positive journey. After a positive opening, Nifty successfully held onto its gain and overcame its sentimental resistance levels of 5000 and 5100. Owing to good buying in large caps, small cap and midcap, Bulls managed to prove their supremacy over bears to regain the full control of the market and because of this, Indices closed with positive market breadth. In today’s session, Nifty not only closed firm but also closed above the vital supports of 9,14 & 50 day’s SMA placed at 4919,4916 &5035. On the back of today’s heroic effort, Nifty crossed the resistance of vital 50 day’s SMA but closed below 100day’s SMA placed at 5277. These levels may be the new ranges in forthcoming sessions. Buying was evident in all segments, this may be a supportive reason to cherish for coming sessions. In today’s session, VIX, the barometer of uncertainty, though corrected yet closed at a modestly high level of 28.41, indicating a more than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 56.35 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

R1-5171

R2-5226

S1-5086

S2-5033

Daily Free Stock tips 

Buy Hathway @ 93.50 tgt 96/98 sl- 92

BUY  GRAVITA   ABOVE  488 TGT- 508 & 530 SL 470 HOLD FOR 2-3 DAYS