Intraday market outlook for 25November

On 25November, Nifty fut will face resistance at 5128 level, this level will be the first hurdle for bulls on upside and in order to retain their gains bulls hae to decisively cross and sustain above this level. Once they manages to sustain above this level,we can see higher levels of 5145-5170-5205 in markets. However, if bulls fail to sustain above the resistance level of 5128, then bears will try hard to take the charge over bulls and slide down the markets. On lower side Nifty fut have support at 5062, if this level is breached then we can see 5044-5030-5005 levels in markets in short time. Any close below 5000 level, will be energy booster for bears and that can make markets to slide down further 70-100pts.

We recommend all traders to stay cautious in range 5005-5128, as this will be the crucial range for intraday and breakout of this range on either side will show some sharp movement. As we have said earlier also, leveraging long positions on higher levels wont be a wise decision, so on higher levels keep booking profits only. If Nifty fut is unable to cross and sustain above 5128 level, the it will be favourable for bears only. Due to F&O expiry this week, markets will be highly volatile and will show ambiguous moves. So, traders must trade on both sids and mint money bi-directionally rather than waiting for expiry targets.

Nifty Levels

Resistance - 5128-5145-5170-5205

Support - 5062-5044-5030-5005

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Intraday Calls

• Tata Coffee abv 352 tgt-357-361-370+
• Pratibha ind abv 298 tgt-305-313-328+
• Hikal ltd abv 442 tgt-448-457-465+
• Bajaj Hindustan abv 214 tgt- 218-223-229
• Also watch Dena Bank, Surana Tele, Indo Tech, Sterling Biotech.

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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