Market outlook for the week 27April-1May

With each and every passing week,we are proving our accuracy in market view. Last week we clearly told all of you that break below 3335,can lead downside& gave support level of 3280,and Nifty made a low of 3288. On the contrary we told that,above 3410 we will see up surge and exactly the same happened,and Nifty recovered from lows and as it crossed 3410 and sustained above that we saw a high of 3495,against our tgt of 3480-3520. thw eekly stocks recommended by us gave almost 5-30% gains to all of you. All in all once again,the trend of accurate market view and money mintng stock tips,continued from our side.
We hope you all must be enjoying the money minting process.

Last week bears tried to pull down the market, but once again we saw bulls getting stronger after a short while of dullness. The move in the last two session came as a complete surprise and also as a severe blow to the late entrant bears. Bears once again got disappointment with bulls taking charge over them. The uptrend in markets last week was due to the positive global cues and domestic news like rate cuts by RBI. However, market remained volatile during the trading session ahead of F&O expiry.

In the current scenario the markets seems to have an ambiguous movements due to elections. This week Nifty will face resistance at 3530 level,if nifty manages to sustain and close above this level then we can see higher levels of 3580-3625-3665+ levels. Nifty has support at 3465-3390 levels,if these levels are breached and nifty closes below these levels then we can once again see profit booking coming in the markts till the levels of 3335-3280. Any close below 3280 level,will lead to panick selling in the markets and we can see levels of 3120-3030.

Nifty range for this week will be 3465-3530, breakover on eitherside will lead to sharp movement. We recommend all members to stay hedged with all their positions,as this week will be volatile due to F&O expiry and also we have only three trading sessions in this week.

Nifty levels

Resistance- 3530-3565-3580-3625-3690

Support- 3465-3430-3390-3335-3280

Stocks for the week-

• Union Bank
• Torrent power
• IFCI
• Shiv vani oil
• IDBI
• Torrent power
• IDEA
• Videocon

Only accuracy here!

Note: Market is closed on 30April and 1May.

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