Wednesday, May 10, 2017

Market out look for 10th May 2017

Market are continue in trading range between 9280 to 9370   but sonar  or later it will break out this range and will move another 100 to 150 points in either side.   Private Banking stocks looks good , but some fresh short and profit booking were saw in PSU Bank stocks so be cautious approach time being.

Nifty : Consider support 9270-9280  resistance 9350, crossover time to buy side.

Bank Nifty : Decent resistance established at 22850-22860 whereas support nearly 22600  mark.  If break out  move 500 points will move in either side.

Some stocks to be watch out

Long Side  - HDIL, Syndicate Bank, Reliance and Indigo.

Short Side  -   only sell on rise. SBI, Union Bank, Canara Bank, PNB, Bank of Baroda, LIC Housing, Bajaj Auto and Hero Motor.

 More up dated market hrs.

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2 comments:

  1. • HDFC Bank raises Rs 8,000 crore in largest issue of perpetual debt funds.
    • InvITs may deleverage infrastructure companies by nearly Rs 13,000 crore.
    • RBI invokes prompt corrective action on IDBI Bank; Dena Bank may be next.
    CapitalStars

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