Monday, March 20, 2017

Market out look for 20th March 2017

Market are continue in up ward bias and open with up side gap above 9200 but due to some profit booking it was closed at 9160.  Trend is very bullish and any decline to long side.
Nifty………Consider support 9100-9050, resistance 9220, crossover over all buying.  No short sell………decline to buy side.
Bank Nifty…….Above sharp move, higher level some profit booking and trend is still up side with consider support 21000-21100, resistance 31300, trading and sustained above, major up side.
Long Side… Jet Airways, Apollo Tyres, Axis Bank
Long Exit :  Yes Bank, Arvind Ltd. ICICI Bank
Short covering : M&M Finance, Bharat Finance, Eicher Motors
Shor side  - MRF. Coal India, Lupin and India Cement.

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