Market Outlook for the day 17.10.2014. Nifty can bounce back a bit - TopicsExpress

Market Outlook for the day 17.10.2014. Nifty can bounce back a bit but until it closes above 7850 again, one should not take aggressive long calls. Weekly close below 7839 can take Nifty to 7720...7680 levels or may be more lower if Global markets weakens further....but due to festive season that may be delayed and it can get support at 7650 levels...which can be a good position for some value picking and swing trades..... NIFTY R2 7840 R1 7790 LTP 7748.20 S1 7700 S2 7650 for today.... Statutory Disclosure: futuretrades.in is not having any holdings or vested interest in the Stocks / Futures discussed or posted, we may have recommended it to our clients.One should consult a qualified broker or other financial advisor before making any actual investment or trading decisions.

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