Intraday market outlook for 13November

In our market view for 12November, we clearly wrote that Nifty fut res-5025, and support 5005 and below 5005, it will show lower levels till 4910. Now just see the stats for yesterday- Nifty fut high-5017 Low-4917. We think much accuracy is good enough to make all members mint money from share market.

On 13November, Nifty fut have support at 4930 level and if this level is breached & sustained then we can see markets sliding down to lower levels of 4902-4865-4840. However the level of 4900 will be a crucial level for bulls for intraday as if this levels is breaked byy bears then a sudden sell off can come in markets. So,bulls will try hard to sustain the marketsabove this level for intraday and 4865 level on closing basis, to retain their win over bears. Any close below 4865 level, will encourage the bears to attack decisively for taking the charge in coming days. On the upside Nifty fut have resistance at 4994 level, & for making buying to come in again this level must be crosses and sustained, if it happens then we can see higher levels of 5010-5025-5048 , where 5048 level will be major hurdle for the bulls and any close above this level will show suddn n sharp spurt in markets in coming days.

We recommend all traders to stay cautious in range 4900-5048, as if in curent scenario this range will play crucial role. All traders must keep booking long positions at every rise, as from here the upside looks limited for coming days. So, one must avoid creating fresh long positions at this point of time for investment, however intraay players can continue trade and mint money day trading without leveraging positions for delivery purpose. In days to come watch out 4865-5048, levels on closing basis, as closing beyond these levels on either side will be the trend decider for upcoming market movement. Stay cautious is the advice for traders.

Nifty Levels

Resistance - 4972-4994-5010-5025-5048

Support - 4930-4900-4865-4840-4815

================================

Intraday Calls

• Simbhaoli Sugar abv 75 tgt-76-77.4-78.5
• Shopper's Stop abv 380 tgt-385-392-410+
• Tata Communication abv 376 tgt-379-381-384+
• Jubilant Organosys abv 292 tgt-300-312-328+
• Also watch Ankur drugs,Borax Morarji, KPIT , Jai Corp.

For all trades keep trailing your stoploss once the stock starts trading above the buying price. Avoid spike buying and dont take delivery of any intraday call.

For LIVE MARKET CALLS & UPDATES, Click here.

Only Accuracy Here!!!!