NIFTY OUTLOOK: » CLOSE 8615
Last week on sunday we observe and update you for mkt move nifty made bounce till 8815 from 8640 but didnt sustain and again last 2 days we seen selloff from higher level which make nifty low to 8578.30 we still stick to our observation for nifty for tgt 9685 we have seen this week again postive news mkt get selloff also global move positivness our mkt is not performing with that positiveness europe all mkt near high dow also closed postive majority govt news rbi rate cut insurance bill land bill coalmine bill all news mkt shown sell off from higher level any gapup mkt get selloff and on event day mkt get selloff more than sensex 400-600 pt from top also march end this month passing without bulls favour..
mkt view nifty cross above 8638 one bounce is being expected in next 2 days upto 8756-8797 also all put 8500put resistance 50 -8600pe resis 77-8700pe resis 136-163 -8800pe resis 212 showing resist point which suggest mkt may bounce upto 100-150 pt nifty from this lower level in coming 2 days... ((Aayeshatech)
Also nifty from oct 2014 nifty taken support from 100ma and whenever it take support nifty always bounce to life high again nifty 100ma support coming to 8546 so i would sugest avoid shorting at lower level and take opporunity to buy on deep for higher level in coming days. ((((Aayeshatech)))
coming to banknifty last week we already suggestted max downside we are expecting 18800-18900 and banknifty made low 18780.3 and bounce to 19466.3 and again come down to support level where this time made low 18619 here also banknifty 100 ma coming to 18734 same in last oct banknifty had taken support of 100ma 15300 and banknifty bounce to 20934 in jan2015 again same 100ma support banknifty touch... so at this level i would not advise to short where nifty banknifty both on major 100ma support where y can see good recovery in coming days
more updates will be during mkt hours..
happy weekend and enjoy with family and also happy guddi padwa to all of you
((Aayeshatech))
