Market out look dated 30TH April 2018 April 27, 2018 3mtea


Market Trend Break out in Nifty  – Above 10750  – New High

Only Buy    –

Market are finally up side break out with decent volume and closed above 10650 mark Remain long side, Intra day dip to buy side, Pharma sector looks good and ready to up move and likely test 9500-10000 mark.  Private Bank stocks also loking very hot and buy side. PSU bank some up side seen but higher level to sell side.

Nifty  Spot Market finally break out at upper level .  Now consider support 10650-10638  and up side crossover 10737-10750, up side towards 10800 and above.

 Intra Day Scaneario :     Trend bullish,  10650………

Weekly Scaneario :    Best : 10900  Worst case : 10550

3month Scaneario :  Best Case –11200 Worst case 9145.

 

Nifty Future  Trend is bullish   – Buy around 10690-10695 stop loss 10650 target 10750-10780-1800
Bank Nifty Bank Nifty Future  :                   After correction, firt day of new series, heavy buying and short covering seen and resulted finally it was closed above 25250 with successfully  with decent volume and major long seen in market.  As long as above 25250 upside towards towards 25750 – taken out successfully likely test new high.

Intra Day Scaneario :     Trend bullish, support   25000

Weekly Scaneario :    Best : 26000 – Worst case :  24800

3month Scaneario :  Best Case – 27500  Worst case 24500

 

Now time to buy around 25350 + stop loss 25200 target 25500-25600-25750

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s