nifty trading tips

Expert View On Nifty For Tomorrow(Monday: 6 February 2017)

The equity benchmark indices ended flat on Friday as investors preferred to stay on the sidelines ahead of the Reserve Bank of India’s policy meeting next week. The BSE Sensex settled the day at 28,240, up 14 points, while the Nifty50 quoted 8,740, up 7 points at close. The market breadth, indicating the overall health of the market, was strong. On BSE, 1,600 shares rose and 1,187 shares fell. A total of 159 shares were unchanged. European markets opened higher ahead of the key US jobs report and a European summit, where leaders are likely to discuss the new US administration.

Expert View On Nifty For Tomorrow (Monday: 6 February 2017)

BUY PGEL ABOVE 188 TARGET 190, 192, 194 STOPLOSS 184
BUY KEI ABOVE 170 TARGETS 171.70, 173.40, 175.10 STOPLOSS 166.60
BUY ARSHIYA ABOVE 51 TARGETS 51.50, 52, 52.50 STOPLOSS 50
SELL INTELLECT BELOW 136.50 TARGETS 135.20, 133.90, 132.60 STOPLOSS 139.10

POINT OF VIEW FOR NIFTY
TREND: BULLISH TO CONSOLIDATE
RESISTANCE: 8750, 8800
SUPPORT: 8700, 8650
STRATEGY: BUY ON DIPS

 

 

 

 

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