|Market out look dated 13th April 2018
Nifty Above 10450 – major up move
Market out Look : Market are continue in positive bias and finally closed above 10425 which was a resistance for the last few sessions. Now trend is very bullish and above market likely test 10500 10550 10600 in term. Tech stocks looking good and more upside after consolidation. Pvt. Banks looks good due to short covering and fresh delivery based buying.
Nifty : Final break out trading range and successfully closed above 10450 mark Now consider support 10430-10400 and crossover 10480, up side gate open towards 10550 and above.
Intra Day Scaneario : Trend bullish, support 10400, above 10480 fresh long and short covering.
Weekly Scaneario : Best : 10450-10500 – Worst case : 10350
3month Scaneario : Best Case – 10550-10600, Worst case 9145.
Bank Nifty Future : As we mentioned in this column that 25000-24900 decent support and major support and long position stop loss of 24800 which is 200 DMA and as long as holding these level, up side open towards 25250 -25500-25750. Any decline to buy side.
Intra Day Scaneario : Trend bullish, support 24800-24900.
Weekly Scaneario : Best : 25300 – Worst case : 24800
3month Scaneario : Best Case – 25750 Worst case 24000
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