#NIFTY50 Outlook for tomorrow
1.SGXNIFTY - -0.68% down( Adjusted)
2. INDIAVIX - AT -2.90% down
3. Global market
- Nasadq- -0.48% down
-FTSE- -0.2% down
-DAX- +0.44% Up
-Hang Sang- +0.3% Up
• News which impact the market-
1. Rising corona fear now looks slow as recovery cases are increasing and new cases are decreasing.
2. Expressing concern over rise in animal feed prices in the domestic market, the All India Poultry Breeders Association (AIPBA) on Sunday demanded the government to reduce import duty on soybean meal to zero for at least five months.
5. COMMODITIES MARKET IMPACT ON NIFTY- Rising in Commodity.
• #Nickel prices fell for the fourth consecutive day to settle at Rs 1,224 per kg as participants reduced their position as seen by the open interest. The base metal plunged by Rs 78.6 or 6.03 percent on the MCX.
• Nickel price was weighed down by Chinese efforts to control prices and initiation of Fed's taper talks.
• Volatility may continue in commodities
6. FIIs are now buying.
7. FII - DII both are in buying mode.
8.Countinuesiosly FII's selling pressure is now over.
Levels for nifty -
R1- 15,215
R2- 15,250
R3- 15,340 ( very strong)
S1- 15,120
S2- 15,000
S3- 14,900 ( very strong)
• Price closed above 15,130 which was crucial resistance but now its breaked and all thanks goes to #SBIN and now price look strong bullish on chart nifty's next target for next week is 15,400 & 15,500.
Prediction for tomorrow- NIFTY likely to open GAP UP.
Can take trade using above support and resistance.
Keep Eye On #NIFTYBANK , #NIFTYBANK & #NIFTYMETAL
Stock which out perform on their quarterly results and like to open green.
#JSWSTEEL
#SHREECEM
#unitedspritis
#Amber