Market out look 27TH Sept. 2017

Market out look  27^TH   Sept. 2017

   Any Recovery Short Lived

Nifty Remain 9950  weakness continue

Market out Look   :        Market open with flate note but sellilng pressure seen but support at lower level and managed to hold 9800 and made a high 9900 but unable to hold and again selling pressure seen in the market.

Technical Out Look

Nifty  :   Consider support    9800-9820 and resistance 9900-9910, crossover some recovery towards 9940-9950 thereafter……………..Highest call  writing at 9850-9900 strike price where as put writing at 9850 and 9800 strike price.

Nifty future  :       Trend is down and sell on rise at 9900-9910 stop loss 9950 target 9850 9825 9800.   Lower level do not short sell.

Bank Nifty Future :             Trend is down but some recovery seen, if stay above 24300 some more recovery towards 24400-24500 which is upper side cap. Down side support 24000-23900-23800 watch out.

Metal Index    :            Lower level support around 3500-3450 and resistance 3580-3600 watch out.

 Pharam Index     :       Trend is very positive with consider support 9200-9000 range, upper side resistance 9500-9600 .  

PSU Bank Index     :        As finally break down support level 3180-3200 weakness continue towards 3000-2900.

  

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