Market out look dated 12th April 2018


Nifty Hold 10350 and crossover 10450   sharp move in market.

  Market out Look   :                      Market are continue in positive bias and intray initially some downward bias  but strong buying forces in Nifty resulted closed around 10417.  Trend is very bullish and any dip to buy side.   Once crossover trading range, another up move in market, so  avoid any short sell and locate buying opportunity in market.

Nifty   :             As closed above 10400 mark with consider resistance 10430-10450 whereas 50 and 100 DMA placed, crossover will move further 10478-10500-10520.  On the lower side support 10350-10333 watch out.

Option Market  :       Highest Calls are 10500 and followed by  11000, whereas  highest put holding 10000 and 10300.

Bank Nifty Future  :             After sharp rise of more than 1500 points yesterday heavy selling seen at higher level since opening and the  hole days weakness in spite of some recovery on intra day but finally closed with red more than   180 points.   Now consider support 24950-25000 and decisively break down, more weakness towards 24800 whereas 200 DMA are established, on the higher side resistance 25250-25300  crossover more short covering likely being a weekly expiry of Bank Nifty.

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