#MarketOutLook...... Very choppy market on yesterday and Nifty face a resistance 8620 and strong profit booking resulted it was come down towards 2526 and finally closed at 8564. #Over all trading range 8490 to 8625.... till then buy on near to support level and sell on resistance level. Once resistance crossed 8625 do not remain short and time to buy side for almost 100 points and above. #BankNifty also very choppy and momentum likely continue as long as hold 18400-18300 range and upper side 18865 are decent recent.......crossover may test 19000 and above...... Automobile stocks looks good and time to buy side in front line stocks. Over all advised to buy leaders of industry are front line stocks and take advantage . #Market rumours that some good news for PSU Banks stocks like NPA which is major beneficial and likely to sharp move 20 percent and above in near terms....... Some stocks to be watch out....... #CanBank...................above #BankofIndia.................... #BioconAbove..................... #AxisBank.................. #CenturyTextile................... #KotakBank.............. Moreup dated ..................................................................................................... MARKET OUT LOOK.......... #AGRIMARKET..................... Dhaniya trend is bearish trend. Selling pressure is from sell on high concept and has given a breakout through the “descending triangle” chart patter on daily charts. This can lead the price further towards the swing low of 12670 levels, where as an immediate resistance lies at 13030 levels. Turmeric trend is bearish trend. Selling pressure is from sell on high concept and has given a breakout through the “doji” chart patter on daily charts. This can lead the price further towards the swing low of 6300 levels, where as an immediate resistance lies at 6530 levels. Castor seed trend is bearish trend. Selling pressure is from sell on high concept and has given a breakout through the “bearish pattern” on daily charts. This can lead the price further towards the swing low of 4410 levels, where as an immediate resistance lies at 4640 levels. Chana trend is bearish trend. Selling pressure is from sell on high concept and has given a breakout through the “bearish pattern” on daily charts. This can lead the price further towards the swing low of 2970 levels, where as an immediate resistance lies at 3080 levels. If you want to make money in BEAR/BULL market- join our team Visit : 3mteam.in or call at 9301404932 Email : [email protected] 3mteamblog
Posted on: Fri, 05 Dec 2014 05:19:09 +0000
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