Tuesday, April 24, 2018

Market out look dated 24th April 2018

Market out look dated   24th  April  2018
Nifty Ready to Break above 10640
Decent support 1500.

  Market out Look   :            Market are continue in trading range and intra day it was made a high but supply pressure at higher level and finally it was closed below 10600 mark. However, over all heavy buying and support seen in across the sector and short covering in PSU banks resulted it was closed with a green note.  Over all trend is as long as Nifty hold 10480 mark.
Nifty   :               Consider support 10550-10500 and 10480, resistance at higher 10610-10640 watch out crossover heavy short covering towards 10705 without any pause likely.
On option front  :     Highest put seen at 10500 and 10400 and Highest call at 10700 and 10600 mark.
 Intra Day Scaneario :     Trend bullish, support   10536
Weekly Scaneario :    Best : 10705 – Worst case : 10400.
3month Scaneario :  Best Case – 10600-11000 Worst case 9145.

Bank Nifty Future  :                Bank Nifty are continue in weakness and against it was made a previous low 24800 .  Over all short term trend is bearish as long as below 25250 as remain below down wise open 24750-24500.  Higher level once crossover 25250 with volumeand stay one day up side gate open towards 25750.
Intra Day Scaneario :     Trend bullish, support   24800
Weekly Scaneario :    Best : 25700 – Worst case :  24650
3month Scaneario :  Best Case – 25750  Worst case 24500  

Results on 24th  April  :     Bharti AirTel, TV 18 Broadcast, Persistent, IDFC Bank, GIC Housing, ICICIPruli.

More details call
9630466296 /9301302732

1 comment:

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