Market Outlook for 16th September, 2016

Nifty Future:

The pullback in Nifty Future could face Resistance around 8830 and move beyond 8850, could push the Index to 8925.

As the current week open is around 8805, probably it may not close above that today.

The downside support as written earlier for last few days exist around 8710 and until it breaks 8640, no new levels will be opened.

Stock Future:

Hindunilvr support is around 917 and breaking 909, selling would take the stock to next support levels of 890 and 880.

JSW Steel support around 1752 and breaking 1735, could drift to 1700 – 1675

Good Luck !!