Thursday, February 23, 2017

Market out look for 23rd Feb 2017

Market out look for 23rd Feb  2017
 Market are continue in up ward zone with volume but as a FO expiry high volatility can not be ruled on today trade.   Over all trend is bullish and buy side.  Once Nifty closed above 9000 on closing basis continue, non stop target 9500  and above.   Better to avoid trading in  Index and concentrated in stock specify, Like, Reliance, Axis Bank, ICICI Bank and many more stocks.
Nifty………………Today resistance 8943-8957  crossover with volume and above think to buy side, down side support 8905.  Keep a stop loss……….for long side.

Bank Nifty……….Up move continue, with consider support 29700, resistance 21000,crossover more up side.   Stop Loss for long …………….?  Trend indicate that some short covering can not be ruled out 
Interesting  Figures    - of Delivery - watch out
Axis Bank  - 88 lacs Shares
Bank of Baroda – 26 lacs shares
ICICI Bank   :  More than 2 crore shares
Infosys -  22 lacs shares
TCS  : 15 lacs shares
Tech Mahindra – 23 lacs  

All are indicate looks very positive and coming days it will out perform in the market. 

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