Nifty Future Trading Tips For Tomorrow (28 Nov 2016)

The market indices on Friday staged a smart recovery led by gains in IT and pharma stocks after the rupee on Thursday hit its all-time low against dollar. Positive global cues as dollar retreated from 14-year high mark also added to the gains. The Sensex settled the day at 26,316, up 456 points, while the broader Nifty closed at 8,114, up 149 points. The rise was led by bargain hunting at lower levels and sentiment was buoyed by the rupee, which remained stable. We believe that, foreign funds have been flowing out because of the weakness in the rupee, apart from concerns about a slowdown in the economy. The recent fall in markets has made led to sizable losses in prices of several stocks and one must identify fundamentally sound stocks.

Nifty Future Calls For Tomorrow (28 Nov 2016)

Buy Powergrid Future Above 190 Targets 190.6 , 191.2 , 191.8 Stoploss 188.8
Buy TataSteel Future Above 414.2 Targets 415.4 , 416.6 , 417.8 Stoploss 411.7
Buy NMDC Future Above 126 Targets 126.4 , 126.8 , 127.2 Stoploss 125.2

Nifty Trend and Levels Tomorrow

Trend: Bearish to consolidate
Resistance: 8165, 8215
Support: 8020, 7925
Strategy: Sell on high

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