Wednesday, December 28, 2016

Market out look for 29th Nov.....

After sharp recovery on yesterday rally was continue towards 8100 but unable to cross and heavy selling pressure resulted it was closed near to 8035 mark almost 70 points wipe out from the days high.
As regards the technical level of Nifty consider support 8000-7980 and it must hold, otherwise we will again see 7900 mark, thereafter over all selling pressure in the market. Higher level maximum up side 8150 .
Bank Nifty also looking side ways after sharp rise and sharp fall but almost test level of 18000 + Now consider support 17600 and resistance 18100. Breakdown of 17500, real fall will be start in this segment.
Stock to be watch out
Yes Bank.............sell side
PNB................Hot sell for target 110

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