Market Outlook :
(10 MARCH )
US market 30 Points Up
Asian market Positive
SGX NIFTY 70 points Up
Trend on SGXNIFTY indicates a Positive Opening for index.
Market view :
Market would open Positive.
Yesterday buying in banking & financials and IT stocks led the rally.
Market has continued being sluggish.
Its has crossed resistance 15100-15200 but the next day came down sharply.Same as its has breaking 14900 its support and the next day v shape recovery.
This is a classic case of rangebound movement where the index is taking time to decide on its next course of direction.
Market would enter into a Negative zone only if it closes Below 14900 for Nifty. Bank nifty still not cross its positive level 36660.
Intraday level can help to take a trade in intra day set up.
Nifty : Bullish
Banknifty : Bearish
Nifty levels
Today's resistance
15180-15240
Today's support
15010-14900
Bank nifty levels
Today's resistance
36280-36660
Today's support
35650-35320
Market outlook view is just for educational purpose.
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By: via @AlliesFin Serve Stock Market
