Intraday market outlook for 27August

On 27August, Nifty fut will face resistance at 4705 level, for any upside Nifty must sustain above this level. Once it manages to sustain above 4705, then it can inch higher upto 4730-4754-4786 levels. Breaking the level of 4730 can show a breakout movement. Unable to sustain at higher levels, Nifty fut has support at 4645 level, breaching this level, it can slide down to 4622-4580-4550 levels. One must be watchful at the level of 4580 on downside.


We recommend all traders to trade with extra cautious as the markets will remain highly volatile due to F&O expiry. Nifty range for the day will 4622-4730, breakout on either side can show sharp movement.

Nifty Levels

Resistance- 4705-4730-4754-4786-4820

Support - 4645-4622-4580-4550-4512

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Intraday calls

• ABB abv 735 tgt-739-743.5-748
• Sanghvi Movers abv170 tgt-173-174.6-177+
• TCS arnd 740 tgt-747-753-764+

• Petronet abv70.5 tgt-71.4-72-72.5
• Ansal Infra abv 82 tgt-84.2-86.5-90+
• Also watch RNRL,Micro tech, ABAN, Suven Life.

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