Market Trend :

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) Afte two day of pause, Nifty again in full swing and open with strong note and finally made a new high and closed  all time high.  Overall strong momentum in market.  Pharma, Pvt Bank, Large Cap, Metal stocks are looking good and likely outperform in coming days.  Over all concentrate to invest in larger time frame say 3 to 5 years and  get a good return on long term basis.  Do worry to down 10 to 20 percent this is inevitable  in stock market. Nifty Spot  :  Strong opening on yesterday and  finally made new high 11368 and closed this level.  More up side in coming day, Once crossover 11405 more momentum and ultimate target 11450 1500 whereas the highest calls are established. Lower level  highest puts are 11200. So in this week 11200 to 11500 range likely visible in market  with positive bias and any dip to buying opportunity.  Avoid in short sell. Nifty Future  : Nifty Future bull move continue and last made after made a low 11274, finally it was gained more 130 points and closed on weekly high which indicate strong momentum continue.  On the other hand data also suggested that total open intrest stood 2.62 croes shares and Friday trading 7.47 lacs added in long side.   On the   hand , higher level all calls are getting positive note and higher side.  Highest call holding at 11500  so target are intract.  Today any dip to buy side with consider support 11330-1360, upper side stay above 11410 up side 11450 and above. Last week Trend High Low Clos Nifty Future 11407 11274 11396 Bank Nifty  : After RBI policy sell off seen but bulls are still continue and finally come back on Friday and made a decent gained and in future finally made a high 27872 which is all time high of Indian History.  Over trend is bulls and break level of nifty up side target project 28268 in coming days.   Over all in data indicate that total outstanding positional is 24.17 lacs whereas in last Friday more than 3.13 lacs shares added in long side which 14.90 percent. .  Major support 27000-27165 till hold these level  bulls are interact.  On Weekly Chart - major support 25000-25500 and up side open towards 31000-31500 on weekly chart.