Wednesday, 2 March 2016

Sure Shot Nifty Trading Tips Today



Sensex soars over 400 points; Nifty50 reclaims 7,350 on strong global cues
The S&P BSE Sensex surged as much as 431 points in early morning trade on Wednesday to reclaim its crucial level of 24000, led by gains in ICICI Bank, SBI, HDFC Bank, ITC, and HDFC.
The Nifty50 reclaimed it crucial resistance level of 7,300 and was trading near its next crucial level of 7,350 supported by gains in realty, power, oil & gas, capital goods, and banks.

The broader market surged in line with the benchmark indices with the BSE midcap and smallcap  ..

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Nifty Technical Overview:

Nifty futures opened with positive note and witnessed strong bullish movement for the entire day. It broke 7150 level in morning and sustained above it for the entire day and closed above 7200. Tomorrow if it sustain above the 7150-7170 then upside movement is expected.
Bank Nifty Technical Overview:
Bank Nifty futures opened with positive note and witnessed strong bullish movement for the entire day. It broke 14300 level in morning and sustained above it for the entire day and closed above 14450. Tomorrow if it sustain above the 14350 then upside movement is expected.


Indian Rupee Update
The rupee rose 11 paise to 67.74 against the US dollar in early trade on Wednesday tracking a firm trend in most Asian currency markets.



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