Thursday, April 13, 2017

Market out look for 13th April 2017

Market are continue in choppy mood resulted sharp down and sharp up side indicate high degree of volatility in the market. Over all trend is bullish, however, some geographical factor will be a trend decider of the market in coming days.  However, Indian market over all looks good and any  sharp decline to good opportunity to long side.
Nifty  :  Trend is bullish and short term trading range 9100 to 9300 range, lower level to buy side, higher level to sell side. Once crossover these range, nearly 200  to 400 points move in either side.   We may consider short term and major support 9133, close below only first sign of weakness otherwise remain long side.
Bank Nifty……Looking strong positive side with consider support 21400 21500 range, upper side resistance 22000,crossover towards 22500.   Decent support 21350  watch out.
Some stock to be watch out.
Long Side -  Yes Bank, Suzlon
Exit Long = Aditya Birla
Covering -  Cairin HPC, IBREAL
Short side – Tata Steel, Reliance Capital, Hindalco.

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