|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
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