Market Outlook for 12th September, 2016

Nifty Future:

As written on last Friday, Nifty Future did break 8933 and its support level is placed between 8730 to 8725.. Closing below 8660 in EOD, will open further downside levels to 8410 and 8125.

If takes support at 8725, then it could pullback to 8875 – 8950.

Stock Future:

Dr Reddy  closing above resistance level of 3240 in EOD, could trigger a move to upside for 3500 – 3700

IBULHSGFIN broken support level on last Friday and it could drift towards next support level of 765 and close below 750 in EOD, will invite further selling and stock could drift towards 685.

Good Luck !!