Monday, April 30, 2018

Market out look dated 30TH April 2018

Market Trend
Break out in Nifty  - Above 10750  - New High
Only Buy    -
Market are finally up side break out with decent volume and closed above 10650 mark Remain long side, Intra day dip to buy side, Pharma sector looks good and ready to up move and likely test 9500-10000 mark.  Private Bank stocks also loking very hot and buy side. PSU bank some up side seen but higher level to sell side.
Nifty  Spot
Market finally break out at upper level .  Now consider support 10650-10638  and up side crossover 10737-10750, up side towards 10800 and above.
 Intra Day Scaneario :     Trend bullish,  10650………
Weekly Scaneario :    Best : 10900  Worst case : 10550
3month Scaneario :  Best Case –11200 Worst case 9145.
Nifty Future
 Trend is bullish   - Buy around 10690-10695 stop loss 10650 target 10750-10780-1800  
Bank Nifty
Bank Nifty Future  :                   After correction, firt day of new series, heavy buying and short covering seen and resulted finally it was closed above 25250 with successfully  with decent volume and major long seen in market.  As long as above 25250 upside towards towards 25750 – taken out successfully likely test new high.
Intra Day Scaneario :     Trend bullish, support   25000
Weekly Scaneario :    Best : 26000 – Worst case :  24800
3month Scaneario :  Best Case – 27500  Worst case 24500 

 Now time to buy around 25350 + stop loss 25200 target 25500-25600-25750  

4 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. Thanks for providing such an great information on market outlook ,keep going and update us with these type of good and helpful information.
    EquityTips
    Commodity tip

    ReplyDelete
  3. Nice calls and trend given by you , thanks for update market tips ,for daily more calls visit on Free Stock Market Tips

    ReplyDelete

  4. Coal India Limited chairman, Anil Kumar Jha said CIL was taking various measures to improve coal supply to power and steel sector.
    Capitalstars

    ReplyDelete