Monday, March 27, 2017

Market out look for 27th March 2017

Market are finally up move with the help of  Banking stock as remark  by the FM that the Govt going to start  Bad Bank and reducing NPAs.     However, market are still in trading range and wait and watch for Monday trading as Reliance Ind. will play a big role as SEBI debarredtrading from FO Segment. More information awaited.

Nifty...............Now consider support 9000  and resistances 9150-9200  continue, crossover and stay above, will move towards 9300 and above, down side major support continue 9850 watch out

Bank Nifty............On   decisively broken resistance level of 21000 on a intra day basis and closed with decent gained with added substantial open interest indicate the rally of banking stocks continue till the expiry.  So any decline to buy side.  We prefer to buy, Bank of Baroda, ICICI Bank, SBI, PB, Oriental Bank, Bank of India, Union Bank of India.

More up date coming days.

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