Nifty Outlook (26th Sep. to 30th Sep 2016)

Nifty Outlook (26th Sep. to 30th Sep 2016) 

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Nifty Maintain uptrend since last 7 month and major trend of Nifty is bullish. On last week market move in sideway trend and waited for Federal Reserve Bank (FOMC) Interest Rate Decision. After No Change in interest rate India market open with bullish Sentiments. On Daily chart nifty move in sideways trend and move upside with support of major trend line. On upcoming week nifty may open with GAP UP and may continue its uptrend, near resistance is 8895 level if nifty breaks this level so it may goes up to next major resistance level which is 8970 level. Nifty near support is 8785 and major support is 8690 level. Auto, IT, Metal and Realty Sector looks bullish and Pharma, FMCG, Infra and Banking Sector looks down.

Nifty Weekly Outlook 19th Sep. TO 23rd Sep. 2016

NIFTY OUTLOOK  

(19TH SEP. TO 23RD SEP. 2016) 

Nifty major trend is bullish, now nifty move in consolidation mode in daily chart. On weekly chart nifty opened GAP down and recovered from support of 8688 level, filled the gap at the end of week. Nifty moves in a range between 8970-8688 levels. For the short term near resistance is 8820 level, if cross that level so it may continue uptrend and touch 8960 levels vice versa near support is 8770 if nifty breaks this support so next crucial support is 8620 level. 

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Give a Missed Call at "989-33-582-33"