Market out look dated 25th April 2018
Break out in Nifty Above 10650
Market out Look : Market are finally closed above 10600 mark and lower level decent strength seen in market and smart bounce back seen. However, USA Bond Yield are continue pressure in market and coming days it will attract selling pressure at higher level. Pharma, Pvt. Sector Banking looking good and buy side. Any dip to buying opportunity in market.
Nifty : Consider support 10550-10510-10500, resistance 10640-10650, trade and sustained above big short covering in market.
Intra Day Scaneario : Trend bullish, support 10515
Weekly Scaneario : Best : 10705 – Worst case : 10400.
3month Scaneario : Best Case – 10600-11000 Worst case 9145.
Bank Nifty Future : Bank Nifty are continue in selling pressure at higher level with consider resistance 25200-25250 and support 24800 break down these level, over all selling in market.
Intra Day Scaneario : Trend bullish, support 24800
Weekly Scaneario : Best : 25700 – Worst case : 24650
3month Scaneario : Best Case – 25750 Worst case 24500
Results on 24th April : M&M Finance, Stretch, Ultratec, IBREAL, Wipro.
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