Market out look dated 6th March 2018

Market out look dated    6th March   2018   Market are continue in bearish trend once it was broken  10600  and made a low 10323.  Over all trend is bearish and any rise on intra day to sell side.     Avoid any long side and bottom fishing. Once break down  10276  real panic will be start in market.   Nifty   :  Resistance 10400-10430  - as long as remain below down side 10300 10276, thereafter more down side. Intra day any rise to sell side. Bank Nifty  :      Nifty finally break down support level  2500 and made a low 24682 which is a near to 200 DMA.   Short term support have been established and break down these level, down side open towards 24500 24200,  Resistance around 25000-25200.  Higher level to sell side. Open Interest Analysis  : Tata Motor  short side 56 lacs,  Reliance – Long exit 56 lacs,  Sail  - short side 59 lacs, ICICI Bank  - 53.70 lacs short side,  Axis Bank – Long exit 34.22 lacs,  and many more. More details call 9630466296