Market out look dated 15nd May 2018


Market Trend Market are continue in positive bias, however, before final result of Karnatake, some profit booking seen in market, however, trend is up.   Almost any result of Karnataka have been disclounted and ultimately market will trend according to earnings of the companies. Concentrate Private Sector banks and result coming stocks and trade accordingly.
Nifty  Spot Consider support nearly 10750-10700 and resistance 10850, crossover sharp move towards 10950-11000.  Over all above more up side and fresh break out. Any dip to buy side.
Nifty Future Intra day consider support 10750 10740 and resistance 10850, sustained above more up side.
Bank Nifty Strong bullish view with consider support 26000  as long as hold up side open new high 27652 and above.   Major support 25800 watch out on decline.
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