Market out look dated 4nd May 2018

Market Trend Market are continue in choppy but  large cap showing strength and any dip to buying opportunity but higher level be cautious .   As  Nifty already moved substantially so time to book profit and try to low position in market.
Nifty  Spot Downside support 10630-10650 Upside Resistance 10720-10750.   Stop loss long position  10600.

Intra Day Scaneario :     Trend bullish,  10650………

Weekly Scaneario :    Best : 10900  Worst case : 10550

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

Nifty Future Support nearly  10650-10660 and intra day decline to buy side with stop loss 10600 for target 10700 10750. In short term.  Closed Below 10600 first sign of weakness in market.

Long Side –    Axis Bank, HDFC, Indus Bank, Divis Lab, VEDL, ICICI Bank

Short Covering :   Sun Pharma, PC Jewellers, Tata Eleci.

Short side :   Just Dial, Siemens, Jet Airways, HCl Tech, IGL, Voltas.

Long Exit  :   Tech Mahindra.


Bank Nifty Downside support 25500 Upside Resistance 25800-25850 + Stop loss for long position 25300  on closing basis.

Intra Day Scaneario :     Trend bullish, support   25000

Weekly Scaneario :    Best : 26000 – Worst case :  24800

3month Scaneario :  Best Case – 27500  Worst case 24500


Trading calls  :    Buy on decline at  25500-25510   + stop loss 25350  target 25600 25650 25700


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