Market view for 23-27 March

We hope, you all must be enjoying the most accurate market analysis provided by us. Since long we are providing all the levels and market movement with high accuracy. See our last week prediction, and match it with actual nifty movement,and you will see the matchless accuracy provided by us.



Last week market inched up and showed some buying interest,Sensex made a week high of 9,120 and low of 8,697 and the Nifty(spot) hit a week high of 2,836 and low of 2,701.9. Nifty Future closed the week with a gain of 85 points, & stood strong abv 2800 level. On Friday, Volumes in Nifty futures were marginally lower than average. Marginal 1.89% increase in open interest indicates interest with a marginal increase in the cost of carry, indicating some long position build-up. Market sentiment worldwide remained bullish last week on the US Fed’s move to pump $1 trillion into US banking system.

We clearly told you all last week,that Nifty resistance is at 2840,and you all must have watched nifty not crosing this level for whole week. This level on nifty is major resistance,so for any ascending upmove,this level must be crossed with good volumes. All our weekly stocks recommended in last week,gave massive gains to all of you. We hope you all must have minted money with our stock & market tips.



This week Nifty will face resistance again at 2840-2865 level. For any upmove these levels must be watched,,if these levels are crossed on upside then we can see Nifty inching upto 2890-2930 levels. FIIs future activities will be carefully watched as they remained net buyers worth Rs8.75Bn during the previous week showing their positive attitude towards the market. However,due to F&O expiry week,this week will be full of volatility and spikes on graph. We recommend all members to keep booking profits in all long positions,as we may see profit booking coming in any time. Nifty is having support at 2755 level, if this level is breached and sustained then we will see Nifty drowning upto 2730-2685 and more down levels. Trading below 2790-2755 levels,Nifty will support bears to take charge over bulls.

Nifty range for this week will be 2790-2865, breakout on either side will show sharp movemnt. Leveraging positions is not recommended. Keep booking profit at every rise.


Few High dividend yielding Companies-

1. SKF
2. Merck ltd.
3. SCI
4. Varun Shipping
5. Graphite India

Nifty levels
Resistance- 2840-2865-2890-2930-2980
Support- 2790-2755-2730-2685-2650



Stocks for the week

• Voltamp Transformer
• LIC housing
• JPT Securities
• GVK power
• Jai corp

Only accuracy here!

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