Intraday Market outlook for 6November

On 6November, Nifty fut will face resistance at 4828 level, if this level is crosses and sustained then we can see higher levels of 4854-4880-4905 on upside. However, in intraday trade traders must remain very cautious if Nifty fut hold above 4828-4850 levels. The current bounce back in markets is due the the fact that markets were highly oversold,and so a short covering relief rally was inevitable. This current upside will be favourable for bulls only if Nifty fut gives close above 4860 level for 2-3consecutive days, failing to do so bulls might once again loose control and bears will take the charge over them. On lower side Nfty fut have support at 4755, if this level is breached and sustained thenn we can see lower levels of 4730-4700-4665. Any close below 4665 level will make bears stronger and once again a bear attack can be faced by markets.

We recommend all traders to keep a watch on range 4730-4854,as this range will be crucial to watch for further movement. Any rise above 4828 level till 4905 levels, must be taken as an opportunity to book profits in longs and not to create fresh long positions in this range. Cautious approach must be taken for investments in Reality, Banking & Sugar sector. In coming days the movement in markets will be sharp and ambiguous, so low risk traders are advised to stay sideways. All other traders must strictly follow the levels for trades, any trade without proper advice/levels, might be a gamble.

Those who want to earn massive gains from this upcoming sharp market movement and few cash/future stocks, dont miss to join our SURESHOT SERVICE. Best time and opportunity to mint money in truckload with this sharp move.

Nifty Future Levels

Resistance - 4828-4854-4880-4905

Support - 4730-4700-4665-4610

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

Intraday calls

• Welspun Gujarat abv 265 tgt-268-270.5-274+
• Subhash Project abv 132 tgt-135-139-145
• Patni computer abv 495 tgt-500-508-521
• Educomp abv 838 tgt-850-864-880+
• Also watch Tata tea, Bharti, ICICI Bank, Unites spirits.

For LIVE MARKET CALLS & UPDATES, Click here.

Only Accuracy Here!!!!