Expert View on Nifty for Tomorrow (19th September – Tuesday)

Market advanced and touched another historic high on firm global cues. Strength in rupee and a gradual pick up in FII buying has increased the liquidity in the market. On the other hand, focus has now shifted to US Fed policy meet, which begins tomorrow. The consensus is showing status quo in interest rate while investors are keenly looking for any announcement for trimming the balance sheet. For markets, the main event will be the US Federal Reserve’s meeting on Tuesday and Wednesday, where it is likely to take another step toward policy normalization amid what is rapidly becoming a global trend. The breadth, indicating the overall health of the market, was strong. On the BSE, 1,530 shares rose and 1,075 shares declined. A total of 195 shares were unchanged. The Sensex settled at 32,423, up 151 points, while the Nifty50 closed at 10,153, up 67 points.

Expert View on Nifty for Tomorrow (19th September – Tuesday)

nifty graph
CALL : BUY VIPIND ABOVE 269 TARGETS 272.75 , 276.5 , 280.25 STOPLOSS 261.5
CALL : BUY KIRIINDUS ABOVE 451 TARGETS 457 , 463 , 469 STOPLOSS 439
CALL : BUY LIBERTSHOE ABOVE 310 TARGETS 314.5 , 319 , 323.5 STOPLOSS 301

NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 10170, 10220
SUPPORT: 10130, 10080
STRATEGY: SELL ON HIGH

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