Intraday market outlook for 10November

On 10November, Nifty fut will be having a resistance level at 4945 level, if it manages to hold and sustain above this levels then next hurdle for the upsurge will be 4970 level. If Nifty fut sustains above 4970 level, then we can see higher levels of 4998-5015-5050. In order to take charge over bears, bulls have to hold Nifty fut above 4945 level, failing to do so bears will will make all possible effort to drag down the markets to lower levels in later hours from higher levels. On lower side support for Nifty fut is at 4880 level, if it breached and sustained then we can see markets sliding down to 4865-4830-4780 levels. In the current scenario the market movement is ambiguous so traders must follow the strategy of buy at dips & sell on rise, rather than waiting for expiry/day closing targets.


We recommend all traders to stay cautious in range 4945-4970 on upside, as this range will act as a reistance zone for upside movement, and failing to crossover this, market may witness selling pressure. So, keep booking profits in all positions and avoid leveraging positions at higher levels. Overall range for the day will be 4865-4970,breakout on either side will lead to sharp movement in markets.

Nifty Levels

Resistance - 4945-4970-4998-5015

Support - 4880-4865-4830-4780

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Intraday calls

• Thermax abv 552 tgt-556-560-568+
• Orbit corp abv297 tgt-302-310-322+
• ZF Steering abv 182 tgt-185-187.4-191
• Crew B.O.S abv 46 tgt-48-49.6-52
• Also watch KPIT, Temptation food, ABAN, Gallantt metal.

For all trades keep trialing your stoploss once the stock is above the buying price. Avoid spike buying and dont take deliivery of any intraday call.

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