Market out look daily 1st Sept 2017
Nifty ready for upper side break out
9940-9950 closly watch.
Mrket Out Look :
As
August series end and closed with a decent gain however unable to break out in
trading range for the last 20 trading sessions but we expect that tomorrow or
next week, nifty preparing for big break
out in upper side, thereafter minium 200 to 400 points rally can not be
ruled out. Metal, FMCG, Housing Finance
sector looks very hot and buy side. Aditya Birla Arm – Aditya Capital Ltd.
Today going to list in Market which likely around 250 to 300 range.
We advise to long term investor just buy of your choice and hold for
next 5 to 10
years and expected return 10 to 50
times. Our Price target for long term
3000 to 5000. (Earlier we have recommended MRF at 1600 and our target 1
lacs are intact - high made 70000 + No Time limit for investor)
Nifty Spot :
Market ready for up move with consider support
9900-9850 range and intra day any weakness to buy side, trading above 9950 sustainable
basis . One one way…. No if and but.
Nifty Future : Consider support 9900-9910, resistance 9950-9960 stay above more bullish.
Bank Nifty Future :
Holding above
24000 up side bias continue
towards 24400-24500 range.
Once closed above, big move likely.
PSU Bank INDEX :
Small
trading range continue, with consider resistance 3300-3340 and support 3300
Metal Index : Strong
opening and strong note. Now consider
support 3400-3420 range, trading above
3500 major up side. Buy side, VEDL, Hindalco, Tata Steel.
Long side :
Reliance Capital, HDFC Bank,
HDFC Ltd, Hindustan Lever, Jet Airways,
Asian paints, Ujjaivan, Equitus and many more
Short Side : Divis
Lab, Aur Pharma,
More
details call
9630466296
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