Market out look dated    9th March   2018 


Market out look dated    9th March   2018 

Relief Rally in market as long as hold 10150  

After a sharp decline market respect 200 DMA  and some pull back rally due to oversold market and positive ness in global market.  Take advantage of exit long but time being avoid any fresh short position in pull back rally.   More up dated in market hrs.

Nifty   :       Strong bounce back after 10140.  Now consider support 10200  and trading above 10276, up side rally towards 10300 10333-10350  or more extended towards 10400.  But higher level be cautious approach.

Bank Nifty  :           Time being bottom have been established at 24000  and pull back rally towards  24856 which is 78.6% retracement  of previous rally,    Major resistance 25500-25700  till not cross these levels do not think any respite in market.

 

www.3mteam.in

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