|Market out look dated 4th April 2018
Very Bullish View
Buy Nifty and Bank Nifty
Short Sell Avoid…………
Market out Look : After consolidation from long time, market finally break out at higher level and closed above 10200 10230 level which indicate strength in market inspite of global melt down but Indian market showing out perform. Now time to buy on dip on intra day. Pharma sector likely out peroform. Mostly concentrate front line stocks. Take advantage of rally and make money in short term.
Nifty : Strong break seen above 10200 and able to closed at higher level. Now consider support 10180-10200 and as long as holding up side target 10276-10300-10350. In April series wide range like towards 10000 to 10450-10500 . On the other in April also a result month so up move likely continue in market.
On Option front highest call at 10500-10300 and 10400 whereas highest put 10000 which may consider near term support range.
Bank Nifty : After making a trading range, yesterday finally break out at upper level and likely continue in coming days. We may consider support 24500-24300 and holding above 24500, up side open towards 25000-25200 in near term. Mainly concentrate pvt. Sector bank like, HDFC Bank, Indus Bank, Kotak Bank, Time being avoid ICICI Bank and Axis Bank. However, for short term PSU bank buying opportunity.
Long Side : MRF, Jet Airways, Ceat, Apollo Tyres
Short Side : Hindalco, Tech Mahindra, and Titan.
More details call
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