Market out look 25th Oct 2017
Nifty Above 10250
Bank Nifty Above 24306
Very hot….
Market out Look : Market are volatile but continue holding positive bias and closed above 10200 mark. Over trend is bullish and likely good trigger on today trade as Govt big announcement of infrastructure as well as infusion of funds in PSU bank. Stock which are trading new 52 weeks high is a best opportunity to buy on dip strategy
Technical Out Look
Nifty : Nifty are ready to break out zone 10120 to 10250 once crossover over all buying and short covering in the market and heading towards 10300 10350.
Nifty future : Buy above 10250 stop loss 10210 target 10300 10310. Any dip to buy side.
Bank Nifty Future : High volatile but positive bias and buy on decline strategy continue. Consider support 24000 as long as hold these levels up side continue and crossover 24306 sharp move towards 24400 24500.
Metal Index : Up move continue with consider support 3840 3800 mark, resistance 3910 crossover towards 3950 4000 mark.
Pharam Index : Trend is good and any dip to buy side with consider support 9400, crossover 9600 more up side.
PSU Bank Index : Strong movement on yesterday due to announcement by Govt of India of infusion of Funds in all PSU Banks. Consider support 3050-3060, crossover 3115 sharp move towards 3200 and above.
OI Analysis :
Long Side : Zee Tele, ICICI Bank, TVS Motor, HUL, PNB and many more
Short Side : Apollo Hospital, M&M Financial, Infosys, Tata DVR.
More details call
3M Team Research
9630466296-9203901698
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