Intraday market outlook for 24July

The market opened gap up yesterday because of strong Asian cues and surged upward during the session except consolidation around mid noon. The market emerged stronger a little before mid afternoon and As we told in our yesterday's market outlook that if Nifty fut trades and sustains above 4444, then we can see major upmove..and texactly the same happened in markets. Sustaining above 4444 nifty surged up continuosly and made a high of 4547 agaianst our resistance level of 4545. We clearly told yesterday that market will revert back from lows and also recommended to all not to create fresh shorts, and whole world watched the same happening in markets. Once again we provided a 100% accurate market view along with the money minting stock calls.
Sta tuned with EAIB Securities to mint money from any kind of market.

On 24 July, Nifty fut will face resistance at the level 4554, once it crosses this level and sustains above this, then we can expect Nifty to upsurge till the level 4570-4592-4630+ . Any close above 4592-4630 level will open doors for next major upmove, so trade accordingly and keep a watch on the levels. On the lower levels, Nifty fut has support at 4490, sustaining below this level can make Nifty slide down to 4450-4410, close below 4450 can change the market sentiments for coming days.

We recommend all traders to trade with levels, and not woth sentiments, as trading on levels provide profit on both sides. Nifty range for the day will be 4510-4592, breakout on either side will lead to sharp movement. We told yesteray also, and saying today also that dont create short positions if Nifty crosses and sustaiins above 4592-4630 level.

Nifty levels

Resistance-4554-4570-4592-4630-4665

Support - 4510-4490-4450-4410-4385

Intraday calls

• ACC buy abv857 tgt-865-873-880+
• Bank Of Maharashtra abv 43 tgt-44.6-45.5-47
• Era Infra abv 154 tgt-156-158-162
• Lakshmi vilas Bank abv85 tgt-87.2-89-92
• Suzlon abv 96.5 tgt-99-100.4-102
• Also watch Patel Engg. ,Tech Mahindra, ABAN,Unitech.

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

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