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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