Intraday market outlook for 27November

On 27 November, Nifty fut have support at 4965 level, if this level is breached we will see markets sliding down to the levels of 4944-4920-4880. Any close below 4940 level, will be a party time for bears, and we ill see bulls loosing control overthe market. Closing below the levels of 4940, will create panic selling in markets. However if markets are able to sustain above 4910 level, we can expect a mild bounceback in markets in intraday. On higher side Nifty fut have res at 4998 level, if this level is crossed and sustained then we can expect some upside till the levels of 5012-5035-5048 levels. We were continuously saying since last few days that on evry rise exit from longs, and now the result is in front of you all. Hope all of you must be safe, and must be sitting with good gains.

We recommend all traders to keep watch on 4910 level on lower side, as if bulls will try hard to make markets hold this level. So, shorting at lwoer levels is not suggested for intraday. However if markets sustain and close below the levels of 4910, then a panic selling can come in markets which can show much lower levels till 4840-4790. So all traders must stay cautious and must not leverage positions without proper knowledge of market drections.

Nifty Levels

Resistance - 4998-5012-5035-5058

Support - 4965-4944-4920-4880

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Intraday Stocks

• Sell Reliance bel 1045 tgt-1030-1012-1004
• Atlanta abv 166 tgt-170-175-182+
• Sell SBI bel 2280 tgt- 2254-2230-2210
• TV Today abv 130 tgt-134-137-142
• Also watch Astek Life, Hilton Metal, Kwality Dairy, Mastek Ltd.

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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