interest rate hike in the US, Nifty Future outlook, Intraday Option tips

Due to an indication of interest rate hike in the US, the domestic market is afraid. Hike in interest rates will increase liquidity in the global market, and this will affect Indian market. However, the fall in the Indian market will not last too long because the Indian market valuations of stocks are looking good. 

TCS quarterly results disappointed. Infosys results are good, but the company lowered guidance let down the market.

Nifty closed at 8583.40 up 0.12% after the rangebound session. on benchmark Index, 29 stocks advanced and 22 stock declined.     

Nifty 50 future derivatives (expiry date 27 Oct 2016), has closed at 8611.45 with the gain of 0.36%. The open interest of contract is declined, and the buying trend of future contract slightly increased.

Our blog's expert outlook , Nifty may start with negative on Monday trading session.  

If it will open above 8625.77 it will take Resistance at  

8649.00, 8672.27, 8695.56, 8718.89, 8742.25. 

If it will open above 8602.56 it will take Support at 

8579.39, 8556.25, 8533.14, 8510.06, 8487.02. 

Nifty Option Intraday Tips 

Nifty Option Put Expiry 27 Oct 2016 strike price 8650 

Buy above: 105.06   Targets: 107.59, 110.19, 112.83 Stop loss: 102.52.

Posted in: Infosys,interest rate hike in the US,Intraday Option tips,Nifty 50 future derivatives,Nifty Future outlook,Nifty Option Put,Resistance,stocks,Support,TCS quarterly results