Market outlook for the week 4-8May

As a normal routine, our market view once again bang on target, and providing 100% accuracy to you all. As told by us, 3530 level acted as strong resistance zone and nifty reverted back and slipped down to lower levels of 3350, and we told you all that 3330 is good support. Our PREMIUM MEMBERS and you all were told to buy Nifty with stoploss-3330,and you all must have watched what happened on wednesday,Nifty made a massive gain of 126pts in intraday. All members who follow us,minted money in truckload.

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We witnessed strong buying on Wednesday, with all global cues supporting the upsurge. Since morning sessions markets all over the world were trading higher,and so the Indian Markets bounced back from the previous day's low and made higher positive closing at the day end. Most significant buying was seen in the Banking, IT, Consumer Goods, Metal and Power stocks.
This week Nifty will face resistance at 3520-3565 levels,as earlier. These levels can work as trend reversal levels if Nifty is unable to cross these levels this week. However if Nifty reverts back from these levels, then we can see selling pressure coming in the markets and in that scenario the major support level is at 3310. So,in order to continue the upsurge nifty must sustain above the levels of 3520-3565,and if it happens then we can see Nifty roaring upside till 3650-3710 levels. Adverse to the upside movement, if Nifty breaches the 3310 level,then we can see some panic selling coming in and Nifty slipping down in a steep manner.Nifty range for this week will be 3330-3520, breakout on eitherside will lead to sharp movement.

One must stay cautious in this whole month , as we can see some sharp movement in the markets. Few consecutive close below 3280 this month, then we can see 3165-2880 and lower levels.The month of May is crucial month for markets, and highly ambiguous moves can be seen. Crucial levels for Nifty for this month are 3330 on downside and 3565 on upside. Everyone must keep booking profits in all long positions or must hold with trailing stoploss. All the positions must be hedged accordingly to save your hard earned money.


Nifty levels
Resistance- 3520-3565-3625-3650-3710
Support - 3430-3390-3310-3280-3165

Stocks for the week-
Pochiraju Ind.
J&K Bank
Kwality Dairy
Bluedart
VST Tillers

Only accuracy here!!!!

Note: In the current market dont trade without levels, and if trading then one must keep booking profits, or trail stoploss, as market is highly volatile


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