WORLD MARKET STATUS
AMERICAN INDEX DOW JONES TOOK SUPPORT AT 9400 AND MOVING UP, NOW IT HAS SOME RESISTANCE AT 9555, IF IT CROSS 9555 THEN NEXT MAJOR RESISTANCE WILL BE AT 9665, AND TODAYS ITS FUTURE MARKET DOING WITH FLAT MODE, AND THERE IS CHANCE TO MOVE UP ALSO, FOLLOWING THIS ASIAN MARKETS ARE IN UP SIDE, FOLLOWING THIS SINGAPORE NIFTY OPENED WITH GAP UP AND HOLDS THE SITUATION TOO, SO IT REFLECTS IN OUR MARKET IN GOOD MANOR, SO 4980 IS GOOD SUPPORT FOR NIFTY AND ABOVE 5007 IT WILL MOVE FURTHER WITH SOME RESISTANCE AT 5050 TO 5060, AND 5120
NIFTY SPOT GENERAL VIEW
WE CAN THINK ABOUT CORRECTION ONLY NIFTY SPOT CLOSE BELOW 4980 AND 4900 UNTIL THEN ONLY UP MOVE WILL BE POSSIBLE, SAME AS IF IT CROSS 5120 THEN NEXT STRONG RESISTANCE WILL BE AT 5170 TO 5200, ABOVE 5200 NIFTY WILL MOVE STRAIGHT AWAY TO 5350, 5470 TO 5500, SO AFTER 5450 TO 5500 NIFTY WILL TRY TO FACE CORRECTION UP TO 4700 RANGE, SO YOU CAN CONCENTRATE ON GOOD SCRIPTS WITH S/L OF 4900 (NIFTY SPOT) ON CLOSING BASIS
NIFTY SPOT TODAY
TODAY NIFTY SPOT IF NOT CROSS DOWN THE 5003 WILL HELP TO MOVE UP FURTHER UP TO 5050 TO 5060, AND 5120, IF IT CROSS 5120 THEN GOOD UP SIDE POSSIBLE UP TO 5250, SAME AS NIFTY SPOT IF CROSS DOWN 4980 TODAY THEN IT WILL TRY TO MOVE DOWN WITH VOLATILE BASIS OR WITH FLAT MODE ON BECAUSE OF NEAR AND NEAR SUPPORT IN DOWN SIDE AS NIFTY TODAY LEVELS
NIFTY SPOT TODAY LEVELS
NIFTY SPOT ABOVE 5007 TARGET 5052 TO 5055, 5067, 5071, 5082,5090, 5109, 5118, 5247
NIFTY SPOT BELOW 5006 TARGET 4991, 4982, 4970, 4953, 4947, 4937, 4916, 4889,
4858 TO 854, 4846, 4821, 4814, 4789, 4759, 4718
SCRIPT TO WATCH
AXIS BANK
BUY IF SUSTAINS ABOVE 968 TARGET 984, 993, 998, 1012, 1030, 1048, S/L 961
SELL BELOW 961 TARGET 951, 941, 918, 916, 902, S/L 968
