Intraday market outlook for 17July

Yesterday we stated that Nifty fut is having resistance at 4265 level, and everyone watched that after opening high Nifty came down below 4265 level and hoered around this level but havent crossed it, and as a result went down below to 4191 level, against our support level of 4184. After getting a bounce back from the support Nify again went above 4265 but havent sustained and again come down to 4220 levels and finally cloed at 4231. We told everyone in our 16July market outlook that not sustaning at highs will make Nifty sllide down to 4184 leve, and the result was seen by whole world. Once again we saved people from getting trapped in markets, and made them all earn money in truckload.

Our master blaster or the day were RIIL and Jindal SouthWest holding, which gave 10-15% GAINS IN FEW MINUTES. Other intraay stocks , Dhampur sugar,Jayant agro, CMC also blasteddddddd to give massive gains. In nifty fut trading our PREMIUM MEMBERS minted massive gains by short/long position at 4250 and 4200 levels respectively, both side trades made heavy profits.



On 17July, Nifty fut will face resistance at 4275 level, once Nifty maintains to trade above this level then we can see Nifty marching ahead to 4292-4314-4344 levels, however 4300 level will act as a sentimental barrier for the markets and Nifty has to sustain above this level in order to maintain its journey towards north. Failing to sustain at higher levels Nifty have support at 4202-4180 levels, breaching these support levels will make Nifty weak and can take nifty to 4150-4124-4088 levels and the scenario can be changed wi th selling coming into markets. One must stay cautious around the resistance levels told above. Nifty range for the day will be 4180-4310,breakout on eitherside will leadto sharp movement in markets. at higher levels stay cautious, and refer to our yesterday's market view.


Nifty levels
Resistance - 4255-4275-4290-4314-4345
Support - 4215-4180-4162-4140-4112


Intraday stocks

• NMDC abv 360 tgt-364-367.6-375+
• Noida toll abv 40.2 tgt-40.7-41.5-43.2
• GMDC Ltd abv 84 tgt-86.5-89-92
• Essar oil abv 133 tgt-135.2-136-139
• Also watch Opto Circuit, Webel SL Energy, United spirits, Zee ent.

For all trades,keep trailing your stoploss once the stock is above the buying price. Avoid spike buying.
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