Market Trend : 13 th August 2018

Market Trend   :   Nifty Hold Support 11200 up side open towards 11500  Break out Target 11200-10000 = 1200 Target 11200 + 1200 =Projected Target 12400 + Bank Nifty  : Trading Range 27164 to 26060  (Break out Area) 27164- - 26060 = 1104 Upside projected 27164 + 1104 = 28268  (Upside projected Target) – Our Projected Target 28268  - Last Week achieved made a High – 28386 Now Time to  Some Profit at Home for Family Bearish view in short term.  – Book Profit of your long position. Fresh long avoid.

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New Life Time high once again made a last week 11495 but unable to hold at higher level and finally after profit booking closed at 11430.   Trend is strong bullish but every higher level   chances of  sharp correction in market cannot be ruled out.  However, fear  in the market continue but we  may play with market trend and trend is bullish so we cannot go against trend.  So play with the trend with proper stop loss.  If we want to good money in short time against other deposit segment, so stay with equity market and make money .  As SBI result out which was disappointment looks more selling pressure in Bank Nifty. Nifty Spot  :  Trend is very bullish as market are entered in unchartered terrority . Last week it was made a high  11495  and finally closed  at 11430.   Trend is bullish but time for consolidation and wait for break out at upper level.   However, our first target 11500 has been achieved in last week.  So any big move if Nifty crossover 11500  on sustainable basis.