Market out look dated   26th April 2018


Market out look dated   25th   April  2018

Nifty Trading Range 10500  to 10640  (Ready for Break out)

Bank Nifty Below 25000  – bearish

 

Market out Look   :              Market are continue in trading zone of last 13 sessions and fighting of bulls and bears are continue but we expect that today or tomorrow, break out this range either side and market will take direction which will be added another 100 to 150 points sharply.   As today expiry of FO series so high volatility and wide range in market.  As today Axis Bank and Yes Bank will delivery their numbers so it must watch and will decide the Bank Nifty trend.  As long as holding these range time to avoid any trade in Index and concentrate stock specify, however, professional traders may trade on sell on resistance and buy on support level with tight stop loss.

Nifty   :                Yesterday again Nifty reverse from their resistance level 10630 and made a low 10536 but some support it was closed at 10570.   Over all trend is side ways with consider resistance 10630-10650 and support is 10500 watch out. Once crossover 10640   non stop target 10705 and above.

 Intra Day Scaneario :     Trend bullish, support   10500

Weekly Scaneario :    Best : 10705 – Worst case : 10400.

3month Scaneario :  Best Case – 10600-11000 Worst case 9145.

 

Bank Nifty Future  :                 Once Bank Nifty break down their support level 25250 , weakness continue and finally it was made a low 24705.  After 1800  points sharp up move correction are imminent.   Now down side support 24500-24550  whereas resistance at    24900-25000   mark.

Intra Day Scaneario :     Trend bullish, support   24800

Weekly Scaneario :    Best : 25700 – Worst case :  24650

3month Scaneario :  Best Case – 25750  Worst case 24500

 

 

 

www.3mteam.in

More details call

9630466296  /  9301302732

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