Market out look dated 10TH April 2018
Bullish Break out in Nifty and Bank Nifty
Hold Long side – Short sell is not a good Idea
Market out Look : Market are continue d in rally in Dalal Street and in spite of weakness in global que Nifty closed with a decent gained. Over all bullish trend and any dip to buy side. Pharma, Banks, sector are looking good and dip to buying opportunity. Month of April always favour of bulls so trade with the trends. Nifty are continue trading above 200 DMA and ready to test first retracement level of previous rally.
Nifty : Strong up move see on Monday trading and holding 10276 and 10350 finally closed at 10379. Over all trend is bullish and dip to buy side with consider support 10350-10326-10300, higher level crossover 10400, up side towards 10430-10450-10480 likely.
Option Market : On the options front maximum put seen at 10000 followed by 10200. On Call options 10500 followed by 10700-11000.
Bank Nifty Future : Bank Nifty finally break out in range able to closed above 25000 mark. We may consider support nearly 24800-25000 range and upper side it will face resistance 25250 and successfully crossover up side towards 25500-25750 which is amajor supply zone in near term. Concentrate PSU Bank and Pvt Sector banks.
More details call
9630466296 / 9301302732
| 
No comments:
Post a Comment