Thursday, January 19, 2017

Market out look for 20th Jan 2017

Market trend is bullish and continue hold Nifty above 8400 which indicate up move continue. We may consider support 8370 8350 in near term, and resistance 8460, crossover over all fresh up move towards 8500 8550 8610 mark in coming days.
Bank Nifty also looking good and holding 18900 buy on decline strategy for target 19400 19500 up to expiry.
Some stocks looks long side
Gail, ICICI Bank, and ITC
Moved due to short covering, fresh short avoid and
ready to up move.........
Bank of Baroda, Reliance Infra
Fresh short sell saw in the market.
KPIT,ZEE Tele, Reliance, Tech Mahindra Indus Bank
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