Intraday market outlook for 24September

As we have told on 22September that 5048 is major resistance for Nifty fut, and Nifty fut must cross this level in order to maintain upside movement, everyone watched that Nifty made high of 5047.9 and reverted back to make a low of 4951 today, almost 100Pts down from our given level. Once again we proved our accuracy, and made everyone earn huge profits. Our PREMIUM CALLS of Nifty short, Suzlon90PA, Nifty 5000PE gave profits in truckload in intraday.

On 24September, Nifty fut has support at 4930 level, Nifty fut has to sustain above this level in order to maintain the uptrend and make the september expiry around 5000 levels. If it is unable to sustain above this level, then we can see it sliding down to the levels of 4900-4880-4865 level. If Nifty fut sustains on upside and stays for some time then we can see a short covering coming into the markets. Moving on upside Nifty fut has resistance at 4998 level, once it manages to cross that level, then we can see higher levels of 5018-5035-5048.

We recommend all less risky traders to stay away from markets , as due to F&O expiry today, markets can highly volatile session. For all other traders, keep a watch on 4930-4900 level on downside and 5018 level on upside. We can see a range bound markets for the day, with trading in range 4900-5018. Breakout on eitherside of the range, can show sharp moves in markets.



Nifty Levels
Resistance- 4998-5018-5035-5048
Support - 4930-4900-4880-4865

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Intraday calls

• Jupiter Bioscience abv 84.5 tgt-86-87.2-88.5
• Finolex cable abv 44.5 tgt-45-45.4-46+
• Jay shree tea abv 296 tgt-302-309-318
• Amtek auto abv 214 tgt-216-219-224
• Also watch Aarti drugs, JPT Securities,Tanla Solutions,NRB Bearings.

For all trades,keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.

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