Market Trend :
Nifty Last and final support 11150-11171 - thereafter…………free fall
Bank Nifty - Last Support 26000-26100 - Resistance 26500
Market Out Look :
Market is continue falling mode and finally break down last support 11300 and made a low 11211 range. Trend is very bearish and any intra day rally to locate opportunity to short side. However, Metal sector is out perform alongwith Pharma stocks. Over all micro level going to worsen like, Depreciate of rupee, increase in crude price, Budget Deficit and trade war between China and USA and sanction against Iran.
Nifty Spot :
Continue in down side and intra day sell on rise strategy with consider resistance 11300-11333 and remain below down side towards 11171 which is last support of bull market, thereafter non stop target 10730.
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