Nifty Future & Option Tips For Tomorrow(9th January 2017) – Expert Prediction

Market Update : The market indices extended losses in the last afternoon trade on 6th January 2017 as a slump in IT shares on worries over H-1B visas and negative trend seen in European markets affected the sentiment. The BSE Sensex settled the day at 26,759, down 119 points, while the broader NSE Nifty50 ended 30 points down at 8,243. IT stocks were among the biggest losers as the two US lawmakers reintroduced a bill to curb the use of H-1B visas, including requiring employers to pay more for workers under the system. On the global front, investors awaited US Nonfarm Payroll data due later in the day.

Stock Tips

Buy Infratel Future Above 358.5 Targets 361.15 , 363.8 Stoploss 354.5
Sell Jindal Steel Future Below 73.2 Targets 72.8 , 72.4 Stoploss 73.8
BUY WockPharma Future Above 730 Targets 736.6 , 743.2 Stoploss 720

Nifty Trend and Levels For Tomorrow

Trend: Bearish To Consolidate
Resistance: 8290, 8335
Support: 8215, 8185
Strategy: Sell on High

 

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