|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.
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