|Market out look dated 8th March 2018
Sell – Sell – Sell
Exit All Mutual Funds Equity Scheme – Hold SIP (Money shift to liquid funds)
Nifty Will correct another 1000 points and above.
Bank Nifty will correct 2000 to 3000 points in near term.
Market are continue in bearish mode once it was broken support level 10276. Over all trend is bearish and intra day any rally or up side decent opportunity to short side. However, market are near to 200 DMA which is placed at 10108 and likely take support around that level and some pull back also can not be ruled out. Major support of 10000 break down these level over all selling and major down side will be start.
Nifty : Today support 10140 10100 + resistance 10200-10240 watch out. Higher level to sell side.
Bank Nifty : Break down support 24500 selling pressure continue and remain below down side target 23900 23700 23600 in near term.
OI Analysis :
Short side – Adani Entt, Adanti Ports, ICICI Bank, CanaraBank, SBI, RBL Bank, and Indian Bank.