Market out look 4th Oct 2017

Market out look  4th Oct  2017  Double Bottom Formation in Nifty 9685-9700  Hold  - up side recovery which is shor lived Break 9680-9650 – be prepare for deeper correction. Resistance ahead 9950-9980 – Ultimate Target 9500-9200-9000     Market out Look   :         Strong global que resulted strong  open and closed with a positive bias.  The trend is short term up side continue and likely it test towards 9900 9950.  However, higher level very cautious approach. Today RBI policy will announce and any negative surprise will disturb current up trend. Technical Out Look Nifty  :    Consider support 9800-9820  below intra day correction likely, higher level resistance 9900-9925, crossover it will shows strength and short covering. Nifty future  :      Short term trend is up with consider support 9810-9825 and resistance nearly 9925-9950 range. Bank Nifty Future :         Today RBI Credit Policy and likely status quo maintained. With consider support 24000  break these level deeper correction on intra day, resistance at higher level 28200 24250 watch out. Metal Index    :            Metal Index continue performing well with consider support 3500-3510 range and resistance 3610-3650 watch out.  Pharam Index     :         Trend is positive bias continue with consider support 9100-9000 range, resistance 9350. PSU Bank Index     :        Trend is continue down ward bias with consider resistance 3150-3200 remain below weakness and selling opportunity in PSU Bank stocks, Hot sell on rise , SBI, PNB , Bank of Baroda Can Bank, India Bank. Long Side  :  Voltas Ltd, Gail Ltd. ITC, Reliance, Tata Steel, India Cement and many more. Short Side :  Hexaware, Dis TV and Reliance Communication.  OI SPURT :  :   Voltas long side 387, Gail 26 lacs long side, HDFC long side 12.21 lacs, TYata Motor long side 9.82 lacs, SBI  short side 2616, Sun Pharma long side 4158.  And many more More details call

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