Market out look dated 7nd May 2018


Market Trend Market are continue in positive bias, however, after made a high 10784 profit booking continue due to bad results of some IT companies. Over all trend is bullish and Karnataka Results will play a good direction of market and we are remain positive side.  Any sharp dip to buy and and sell on strength is a beststrategy.
Nifty  Spot Nifty are near to support range which is 10600 to 10650 and break down with volume lower level target 10490-10500 + which is retracement level of  9952 to 10785.  Higher level resistance around 10700, it will give more strength.

 

Intra Day Scaneario :     Trend bullish,  10590

Weekly Scaneario :    Best : 10900  Worst case : 10467

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

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