Nifty Hold 10350 and crossover 10450 sharp move in market.
Market out Look : Market are continue in positive bias and intray initially some downward bias but strong buying forces in Nifty resulted closed around 10417. Trend is very bullish and any dip to buy side. Once crossover trading range, another up move in market, so avoid any short sell and locate buying opportunity in market.
Nifty : As closed above 10400 mark with consider resistance 10430-10450 whereas 50 and 100 DMA placed, crossover will move further 10478-10500-10520. On the lower side support 10350-10333 watch out.
Option Market : Highest Calls are 10500 and followed by 11000, whereas highest put holding 10000 and 10300.
Bank Nifty Future : After sharp rise of more than 1500 points yesterday heavy selling seen at higher level since opening and the hole days weakness in spite of some recovery on intra day but finally closed with red more than 180 points. Now consider support 24950-25000 and decisively break down, more weakness towards 24800 whereas 200 DMA are established, on the higher side resistance 25250-25300 crossover more short covering likely being a weekly expiry of Bank Nifty.
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ReplyDeleteDomestic indices Sensex and Nifty edged lower on Tuesday and fell 0.45% each by the closing bell today.
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