Tuesday, May 9, 2017

Market out look for 9th May 2017

Market are continue in trading range, however on Monday some buying were saw in the market as well as front line stocks resulted able to closed above 930.0 mark.  However, higher level resistance continue in the market.

Nifty  : Consider support 9280 9270  below only weakness, resistance at 9370 9380  crossover sharp move can not be ruled out.

Bank Nifty  : Looks very hot as long as holding above 22500 mark.

Some stocks to be watch out.  :

Tisco....   looks short covering  
Hindalco.... shorting continue.
Vedl...............Shorting continue.

Bank of Baroda.........Short covering likely
Can Bank....   some short seen
Reliance.............time for consolidation.
MRPL...........Long seen in the market
OBC,    Short covering and long unwinding...

many more   good day...
more details call...

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