Market out Look.............. As last two trading Nifty are continue facing resistance at higher level and loosing momentum in front like stocks and some banking stocks too which indicate short term top have been established near to 8600-8630 range. On the lower side , we may consider support are 8490 which is a strong support of this range and break down will selling pressure likely faster channel. Bank Nifty..................Trend are positive in front like stocks but near to strong resistance and we can expect major support 18500-18300 and hold this way to long side.... resistance face 19000. CNX IT ............finally unnable to hold 12000 level and started down ward ourney time to avoid and long side.... with consider support 11400 asand when hold buying opportunity. Oil Market companies are near to good support and some base building were saw and looking buying opportunity in front line stocks like ONGC, Rerliance, BPCL, HPCL, IOC . Automobile stocks in mixed trend and buying opportunity in TVS Motors, Tata motor...............above..............and Hero Motors... Telecomm stocks are continuing showing loosing streams and sell side.... Best Sell IDEA................... Real Estate Stocks................DLF looking good and likely up ward bias continue as long as hold above 150 mark....... HDIL also looks good and decent support already established at 50-200 DMA. IBREAl already break out and decline to buy side.... likely outperofrm in this space. Cement shares looks good and Ambuja Cement likely good trading idea on Monday Trading.
Posted on: Sun, 07 Dec 2014 04:07:22 +0000
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