|Market out look dated 20th March 2018
Trend is Down and Down
More lower lever in coming days….
Nifty Target 9145 and Bank Nifty 22000 (Be a patience)
We are in selling mode from the level of 10750
Market out Look : Market are continue in selling mode due to weakness in global ques, profit taking and LTG resulted more lower level in coming days. However, intra day any bounce back which will be short lived and try to exit long. Please do not try to any long side time being. Nifty already broken 200 DMA which is bench mark of Index and stocks even Fund Manager Portfolio..
Nifty : Yesterday major break down seen in Nifty. Now today we may consider resistance 10180-10200 and break 10075 down side target 10000 , More selling pressure will be accelerated if trading below 10000 mark which may go towards 9900 + Around these level avoid any fresh short and short should be covered.
Bank Nifty : We have seen major resistance 25000 25200 and we are in selling mode below 24750, now today support 24100 and 23800 watch out. Break down in Head and Shoulder patter will take 22000 and below.
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