Market Trend :
WEAKNESS CONTINUE…. More down side in coming days
Nifty Resistance 11171-11200 - till not sustained above do not think any reversal
Down side target open Nifty 10500-10000 mark easily.
Strategy : Sell on Rise.
Market Out Look :
Market are continue in down ward and major break down seen across the board selling seen in market and almost Nifty 694 points and Bank Nifty 3000 points down. Overall trend is down and month to month massive fall and wealth eroded seen in market and trend is down. On the other global front, USA and China impose fresh tarrif watt to each other and no respite for bulls. Now the Oct series, over all looks weakness due to result, depreciate of rupee and rising oil prices.
Nifty Spot :
Higher level selling continue and avoid any bottom fishing whereas all TV channels are recommending to buy side. Now consider resistance 1980-11000 and major resistance 11171-11200 and any pull back to good opportunity to short side. Down side once break 10850, another 200 points easily wipe out from market.
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