Stock Market Update for 18-03-2019

Market Outlook

Nifty rallied 187 Points after given a Break out above 11400 ( On our Previous Market outlook (https://goo.gl/2g7h2w )
( 15.03.2019) Quoted that “IF market gives a break above 11400, then 11460/11515/11575 Likely on the cards.” Market opened on a 40 Points Gap up and move upwards steadily. On the Last 30 Minute of the Trade,Market slide 60 Points sharply.

Nifty Closed on 11426.85( 15.03.2019)

Last 30 Minute of Friday massive Profit Booking is a Indication of Correction ???.

As per the Technical Parameter. Monday will be crucial for the Market, Day High & Low Form on the Day likely to be act as Support and Resistance accordingly.

High Made on Friday will be act as Resistance point for the Point of view, IF Monday Nifty made a Low near to that, Then It could be build as Strong Resistance for the Market for the Mean time. Intermediate Support on Technical basis likely around 11350-11380.

F&O Ban Stocks: ADANI ENT, IDBI, JET AIRWAYS, RELCAPITAL, RELINFRA

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