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.


Leave a Reply

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

You are commenting using your 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