Saturday, January 21, 2017

Market out look for Monday......

On Friday heavy selling seen in the market resulted market closed below 8370 and last 5 days trading range break down. Now short term trend have been changed from bullish to bearish and avoid any fresh long in next four trading sessions due to
FO expiry.........

Down side support 8300 and break down more panic sell in the market. Trend will be change once it will closed above 8460 mark.
Bank Nifty also break down support level 19000 with decent volume and added open interest now time to sell side with stop loss 19250 down side target 18500 or 18200 in near term.
Do not buy any bank stocks time being
However, Axis Bank, Can Bank, Bank of Baroda
PNB are decent selling opportunity
whereas panic to buy SBI and ICICI Bank.

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