Market out look dated 9th March 2018
Relief Rally in market as long as hold 10150
After a sharp decline market respect 200 DMA and some pull back rally due to oversold market and positive ness in global market. Take advantage of exit long but time being avoid any fresh short position in pull back rally. More up dated in market hrs.
Nifty : Strong bounce back after 10140. Now consider support 10200 and trading above 10276, up side rally towards 10300 10333-10350 or more extended towards 10400. But higher level be cautious approach.
Bank Nifty : Time being bottom have been established at 24000 and pull back rally towards 24856 which is 78.6% retracement of previous rally, Major resistance 25500-25700 till not cross these levels do not think any respite in market.
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