Thursday, May 24, 2018

Market out look dated 24nd May 2018

Market Trend
Short term trend is bearish, sell on rise strategy, in nifty front line counter facing huge selling pressure don’t go for long side, more downsdie fall we will see in upcoming session, now bnaknifty also participating this downside rally..Over all market are under pressure and all Indices are looking bearish in near term.   No bbuy and only sell on rallies.
Nifty  Spot
 Upside Resistance 10490-10500 as remain below donw sided open target 10330 which is 38.2 percent.
Nifty Future
Intra day only ksell  on rise.   Resistance 10460-10470 asa supply  zone.
Bank Nifty
Downside support 25400-25500,  Upside Resistance 25750-25850. Remain below 26000  weakness towards 25500 25200 25000.

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