Market Outlook

Up Move Continue

Stop loss Long Nifty 10550  

Reliance – Ready for big Move.   


Market Outlook Market are continue in up side and holding 10600 and made a high  10659 but due to small profit booking closed near to 10633.  Trend is bullish but some profit booking seen at stock specify.  However, nolding break out level no problem in market and buy on dip strategy.
Crypto Currency Buy Ripple, Etherum, Dash .  Avoid Bitcoin.  
Nifty Spot Support nearly 10600  and major support 10550, resistance 10660-10700 watch out.
Nifty Future Support nearly  10600-10550  as long as holding these level, buy on dip strategy for target 10700.  Stop loss for long 10610.
Bank Nifty Future Decent support 25500  and intra day dip to buy side, upp side crossover and stay above 25750  over all buying in market.    


Decent support 3600  and resistance 3750-3800 watch out.  Selling pressure continue at higher level.
Pharma Index Very bullish and up move continue and first target 10000  mark. Thereafter major break out in pharma segment and over all buying will be emerged once again.
Metal Index Above 4100   holding long side.
  Long side    Arvind Mills, DCB, PC Jewellers, Ceat, NCC<  Titan, Asian paints, DLF, ITC, Coal India, Ashok Leyland.

Short side  :       Bata India, Havbells, IGL, Pidlite, NMDC

  Important point
Reliance Ind Break out and ready for big move…
Indus Bank Keep a stop loss……………….
Yes Bank Another fresh break out heading towards 350 370
Maruti Ltd Selling continue at higher level.
DHFL Holding……………….no problem
Century Text. Holding long   – ready for major up side
Sun Pharma Lower level to buy side
ITC Break out likely.
M&M Buy and forget  – ultimate target 1000  +
DLF Very not      buy and forget.
KTK Bank Buy for target……………
Hcl Infosys Decent volume.
Suzlon Energy Volume more than 12 crores, something cooking.

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