Tuesday, May 30, 2017

Market outlook for 30th MAY

Market are high volatile seen on Monday trading and Pharma sector indip correction along with PSU banks and Pvt. sector banks.   Stock specify movement continue in the market.
Nifty  : Time being 9500 made a decent support and hold above we are towards 9650-9700 mark in coming days.  Decline to buy  side.
Bank Nifty  :   Trend is bullish with consider support 22950   23000 range as long as trend is bull grip and once crossover and closed above 23500   nonstop target 24000.
PSU Bank stocks :   Higher level some selling were seen in this  segment and time being to avoid.
Some stocks to be watch out :
Long side :  PC JEWELLERS, ESCORTS, HUL, M&M AND TORRENT PHARMA
Short Covering  :  MGL, INDUS BANK AND KOTAK BANK.
Short build up  : Sun pharma,  TECH MAHINDRA AURBINDO PHARMA, CG POWER, DLG, UNION BANK, RELIANCE CAPITAL AND MANY MORE

For Subscription Call
9630466296-9203901698

No comments:

Post a Comment