Wednesday, 25 March 2015

Trading Forecast for 25th March 2015, Wednesday.

Nifty Future

Consider support at 8540 break down with volume selling pressure on the card...

Resistance are 8600-8620

Around 13.39 lakh shares were added in open interest with an increase in price and cost of carry, indicating long buildup was observed by the market participants in today's trade.


Nifty Spot

Time being consider support 8530 and resistance 8630

Break out this range will move one side in either side


OPTION STRATEGY:

Time to Sell Call

Nifty Fuuture - Bank Nifty

And Stocks


Bank Nifty

Sell on rise strategy...

Resistance 18550-18600 and support are 18200 to watch out

Once break... non-stop wipe out 500 points easily


SBI

Major support broken... 275

Downward bias continue towards 250+ in coming days

Trading Below 50 and 200 DMA

Confirmation of weakness persisting


Bank of Baroda

Major support broken...

If all is not well... target 150 mark+

Trading Below 50 and 200 DMA

Confirmation of weakness persisting


HUL

Near to strong support...

Whether it is hold or bounce

Back check it what happened

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