Tuesday, October 31, 2017

Market out look 31st Oct 2017

Market out look  31st  Oct 2017

 Market up move continue
Nifty Above 10300   towards 10415-10500
Market out Look   :        Market are continue up side and over all trend is bullish.   Results are continue going on and volatility in market  .   Almost 200 points non stop rally seen and good result up ward bias continue.  Any dip to buy side.
Technical Out Look
Nifty  :       Trend is bullish with consider   support nearly  10330-10300  and resistance around 10400-10415, stay above this up side target 10450 10500 and above.  
Nifty future  :     Buy on decline with consider support  10350-10355 for target 10400 10410 and major support 10300. +
Bank Nifty Future :          Buy on decline with consider support 24900-24800, up side resistance 25200-25210, thereafter big up side in banking stocks can not be ruled out.
Metal Index    :        Support nearly 3900 break and trade below 3860 3850, resistance 4000, stay above major up side and over all buying likely.
 Pharam Index     :      Decent support 9600, holding above up side target 10000mark.   Front line stocks like, DR Readdy, Sun Pharma, Cipla, Lupin, Aurvindo Pharma looks good and buy side.
PSU Bank Index     :          Trend is very bullish and dip to buy side. However sharp rise time for consolidation. Consider support 3800, resistance 3950-4000  watch out.
 Positive Side   :      Bata India Ltd, Can Bank, Jet Airways, Escorts, Lupin and SBI.
 Negative side          Bank of Baroda, HCL Tech, Wockhard and Tata Steel


3M TEAM Research
Call 9630466296-9203901698

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