Market out look dated 14th


Market out look dated    14th

  Relief Rally facing resistance at  every higher level.

High volatile- Buy on dips and sell on rally 

Market out Look   :   Market with good note and  intra day some sharp up move seen but due to some news of global tensions resulted  heavy selling in market and made a low 10377, but again some buying and almost closed near the yesterday closing level.    Over all trend is bearish and best strategy to sell on rise and strength and buy on dips.

Nifty   :          Over all trend is down with consider resistance 10450-10500, crossover and stay above up side target 10561 and 10650, down side support 10377, reak down lower level test 10333 10300   10277.

Bank Nifty  :            Smart  rally from   24000  to 25000  +.  Now consider support 24500-24350, and holding above up side open towards 25000   25100  in near term.

Open Interest Analysis   :

Long Side  : IOC, Bank of India, Pidlite, Ashok Leyland, Ceat, Hexaware

Short side – TCS, Apollo Hospital, TVS Motor, Ambuja Cement.

 

www.3mteam.in

More details call

9630466296  /   9301302732

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