Intraday market outlook for 17November

On 17November, Nifty fut will face resistance at 5090 level, this level will act as hurdle for the bulls to move on upside. If bulls manages to sustain above this level then we can see markets inching higher upto the levels of 5112-5126-5154. However, if bulls fail to cross & sustain above the level of 5090 then, once again bears will attempt to attack will try slide down the markets to lower levels. On lower side we have support at 5030 level, if this level is breached and sustained, then we can see markets sliding down to 5008-4980-4955 levels. If in coming time bears are able to keep the markets below 4930 level and make it close below that, then expect some panic selling, else bulls are stronger till market is trading above 4930 level.

We recommend all traders to keep watch on 5090 level on upside, if this level is not crosses and sustained in intraday then dont go long. All traders must keep a watck on range 5010-5090,breakout of this range on eitherside can show sharp movement, so stay cautious and trade with levels.




Nifty Levels
Resistance- 5090-5112-5126-5154
Support - 5030-5008-4980-4955

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Intraday Calls

• Educomp abv780 tgt-785-792-810
• Ruchi Soya abv89 tgt-91.4-94.5-100+
• ABAN abv 1302 tgt-1314-1327-1340+
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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 trade.

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Only Accuracy Here!!!!