MARKET OUTLOOK:-
-Nifty Futures Trend Deciding level is 9100 (Intraday Traders)
-NF Trend Changer Level 9035 (Positional Traders)
-Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 13 points at the opening bell.
-The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month March 2017 series to April 2017 series. The near month March 2017 derivatives contract expire today, 30 March 2017.
-On the economic front, India took a big leap forward in rolling out the goods and services tax (GST) after the Lower House of Parliament gave its nod to four supplementary Bills. Their passage will allow the government to prepare for the 1 July 2017, launch of the single levy that will replace multiple central and state taxes.
-Nifty 9020 is not broken and we can see upmove towards 9175/9216/9268 once we close above 9130 Bearish below 9077 for a move back to 9020/8992
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-Nifty Futures Trend Deciding level is 9100 (Intraday Traders)
-NF Trend Changer Level 9035 (Positional Traders)
-Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 13 points at the opening bell.
-The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month March 2017 series to April 2017 series. The near month March 2017 derivatives contract expire today, 30 March 2017.
-On the economic front, India took a big leap forward in rolling out the goods and services tax (GST) after the Lower House of Parliament gave its nod to four supplementary Bills. Their passage will allow the government to prepare for the 1 July 2017, launch of the single levy that will replace multiple central and state taxes.
-Nifty 9020 is not broken and we can see upmove towards 9175/9216/9268 once we close above 9130 Bearish below 9077 for a move back to 9020/8992
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Nifty Level future
| |||
Up ↑
|
9130
|
9155
|
9180
|
Down ↓
|
9085
|
9065
|
9020
|
Action
|
SL
|
TGT
| |
Buy above
|
9160
|
9125
|
9230
|
Sell below
|
9099
|
9140
|
9020
|
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