Stock Market Update for 12-04-2019

Market Outlook

Nifty opened on a Flat note from its Previous Day Close. Market Consolidate between 11550-11600 with a volatile trend and Close near to 11600.

Nifty Closed on 11596.70 ( 11.04.2019)

As per the Technical Perspective, Market will witness Significant movement only once Index provide a significant break out on either side. Till the Break out, Market continues the consolidated momentum, as we witness last day of the trade.

Going Forward, Once Index provide a break out above 11620, then Fresh Buying will arise on the Market and that lead to an upside levels 11660/11700. Similarly 11550 Pivot Point for the Market and Intermediate Support for the Time Being. At any point, Index break down below 11550 and sustain for a while then Market slide 50-120 Points on the Intraday Point of View.

F&O Ban Stocks: DHFL,DLF, IDBI, JET AIRWAYS, PCJEWELLER, RPOWER, WOCKPHARMA

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