Market out look dated    3rd April 2018


Market out look dated    3rd April  2018

Strength Nifty Above 10230   .

Bank Nifty  – Above 24530

Market out Look   :                As a new financial year strong momentum seen in market and broad based buying seen over all across the sector, specially Pharma was outform and all was moved sharply.     Short term support 9950 have been established and sustained above 10230 will move further.  Now time for consolidation and any dip or sharp decline  to decent opportunity to buy side.

Nifty   :           Open with good note and finally it was managed to closed above 10200  mark.  Now we may consider resistance 10230-10250, crossover these level it will show more strength and power, on the lower side decent support nearly   10100-10050 watch out.   Panic to buy side.

Bank Nifty  :            Consider support 24000-24100 range and holding these level up side movement continue, higher level resistance   24500-24550, crossover and stay above it will move further and buy side for target  24750 25000 and above.  Down side break 24000, lower level target  23800 23650  and below.    Lower level do not panic in early trade.

Long Side  :  Hexaware, ACC, Just Dial, Voltas, Bharat Forge, TVS Motor, Ashok Leyland, Tata Elexi

Short Side : Jet Airways, ICICI Bank,  IDBI, PC Jewellers, Axis Bank, BPCL.

 

www.3mteam.in

More details call

9630466296 / 9301302732

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