Wednesday, April 26, 2017

Market out look for 26th April 2017

Market once again closed with all time high and over all trend is very very bullish and any dip to buy side.   Better to concentrate stock specify rather than index.     IT  and Pharma sector to avoid. However, Banking, Housing Finance, Metal looks good and more up side.

Nifty :  Up move continue  and finally closed above 9274 level  i.e. 9306.   Strong bullish and heading towards 9500-9600 in coming days

Bank Nifty  : Above 21800 fresh break out which will go towards 22113  22200 22340 22500 in coming days.

Short Sell is a danger for financial health.

Metal Stocks like, Tata Steel, VEDL, Hindalco, JSW Steel,   - Big spurt on the card due to short covering.

 Have a Happy trading.

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2 comments:

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