Market out look dated   11 April 2018


Market out look dated   11 April  2018

    Nifty Hold 10350 and crossover 10450   sharp move in market.

Market out Look   :                     Market are continue in rally mode and day by day party continue and bulls are enjoying in market, whereas Bears trying to do but unable to stop bull.  Over all trend is continue in positive side and intra any dip or decline to buying opportunity.  Month of April 2018 are looking good and   results season going to start .

Nifty   :             As mentioned yesterday short term resistance 10418  which is 61.8 percent of previous rally and finally unable to cross and almost closed at 10400 mark.  However, trend is continue bullish with consider support 10381 and 10350, resistance 10425, crossover up side towards 10450-10478  likely.  Major resistance today 10500 whereas highest calls  are holding followed by   10200.

Option Market  :      On Option front, Maximum put option at 10000  followed by  10200.  In call side, highest call hold 10500 and 11000.  So short term trading range  10300 to  10500 watch out.

Bank Nifty Future  :            Bank Nifty are continue rally from the low of 23605 and finally it was made a high 25258. Consider short term resistance 25300, crossover it will move towards 25500-25750-25800 watch out, at lower level decent support around 25000 and  24750.

 

www.3mteam.in

More details call

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