Market out look dated 6th March 2018

Market out look dated    6th March   2018   Market are continue in bearish trend once it was broken  10600  and made a low 10323.  Over all trend is bearish and any rise on intra day to sell side.     Avoid any long side and bottom fishing. Once break down  10276  real panic will be start in market.   Nifty   :  Resistance 10400-10430  - as long as remain below down side 10300 10276, thereafter more down side. Intra day any rise to sell side. Bank Nifty  :      Nifty finally break down support level  2500 and made a low 24682 which is a near to 200 DMA.   Short term support have been established and break down these level, down side open towards 24500 24200,  Resistance around 25000-25200.  Higher level to sell side. Open Interest Analysis  : Tata Motor  short side 56 lacs,  Reliance – Long exit 56 lacs,  Sail  - short side 59 lacs, ICICI Bank  - 53.70 lacs short side,  Axis Bank – Long exit 34.22 lacs,  and many more. More details call 9630466296

Market out look dated5th March 2018

Market are continue in trading range but last two days heavy selling seen in USA Market and almost wipe out more  than 700 points wipe out which indicate major sell off in our market on Monday  and open with down side gap.  Over all trend is bearish and any rise to selling opportunity or exit long. Fresh long  should be avoid.  As we have seen a bigger rallied in Nifty from   low of 7893  (Dec. 2016) to high of 11172 (Jan 2018)   Over all gain of 3278 points in just 12 months if calculate on yearly basis almost gained more than 41 percent.  This rally did not see any correction and was one sided up, up and up.  On the other hand, after sharp rally we have seen correction started from Feb. 18.   As we are in a bull market we see correction of 38%. 50% or 61.8% in coming months.   Till Nifty not cross and sustained above 11200,  down side level will be negated. Nifty  :     Over all  short term trend is bearish with consider major resistance in the month of March   10640-10750- 10880  Any rally of   these level will good opportunity to short side, on the lower level with consider support 10400 and 10300, break down these level, down side open towards 10000 mark thereafter swing low 9687  possible.  Fibonacci Level  :          As the overall rally which was started from the level of 7893 to 11171. This is a gain of 3278 points .  If Nifty corrects as per Fibonacci level, following levels may be point out. 23.6%   -               10397 38.2%                    9918 50%                        9532 61.8%                    9145 (Mother of Fibonacci) As per the Nifty Monthly charts, following supports are visible :  10000. 9000-7900-6400. Time wise Correction  :     Over all Nifty rally lasted around 12.5 months. Taking Feb 18 as the start month, so correction of 38.2% means correction could go for 4.75 months towards end of June 2018,  If we go 50% of time correction means correction could for 6.25 months , towards middle of July 18. If we go 61.8% of time correction means correction would for 7.75 months towards correction up to  Sept  2018. Bank Nifty   :          After made a high 27652 made a low 24781 which is almost 2900 points correction seen and looks more sell of in coming days can not be ruled.   Time being we may consider resistance 25500-25600 whereas to decent opportunity to sell side, down side break down 24800 on sustainable basis open towards  24683  which is a 200 DMA and break down , open towards 23600-23000 .    On the Monthly charts following levels are visible which is 20300 and 13200. More details call 9630466296

Market out look dated 1st March 2018

Market out look dated  1^st March  2018

Market open with some down side gap due to  weakness in global que and major jerk seen in USA market.   However, in our market is still in trading range  as and when these range hold, both side opportunity in market.  Best way to buy on support level with small stop loss and sell on rally or resistance level.   Today Auto Numbers in market and looks over all good.  In early trade market open with down side gap so do not play short side, wait first 30 minutes and buy and sell 30 minutes high and vice versa.

Nifty  :  Decent support 10400-10430   as long as hold up side short term may intlact,  major down side open once break these level on sustainable basis. 

Bank Nifty  :    Looking support at lower level, decent support at 24800-25000 weakness b reak down these level, up side resistance 25200  crossover some buying.