Market outlook for the week 3-6 November

For the week starting from 3November, Nifty fut will face resistance at 4755-4828 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to close above this level, we can see upper levels till 4850-4875-4945 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 4828 levels, failing to do so and closing below 4770 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 4640 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 4580-4538-4465. So, the initial trading session of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious and take positions after watching the market scenario on tuesday's trading session.

We recommend all traders to watch the range 4640-4828, as this range is very crucial for this week, Breakout of range on either side will lead to charp movements. So, trading strategy must be made only after watching this range. If on lower side Nifty dont breaches 4630 level on closing basis, then we can sharp bounce back in markets in coming days. In this november expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions ccordingly, and dont trade blindly without judging the market movement.





Nifty Levels
Resitance - 4755-4828-4850-4875-4945
Support - 4680-4640-4580-4538-4465

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Stocks for the week

• HUL
• Tata Motors
• Seamec Ltd
• Pioneer Distilleries
• Valiant Comm
• Tide water oil
• Austin engg.
• Walchand Peoplefirst

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Intraday Calls for 3November

• Grasim abv 2185 tgt-2206-2224-2250+
• Jay Shree tea abv 308 tgt-313-318-325+
• Thinksoft global abv 228 tgt-231-235-239
• PTC India abv 102 tgt-105-108.4-112
• Also watch Educomp,REI Six ten, FSL, FCS Soft.

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.

For LIVE MARKET CALLS , click here.


Only Accuracy Here!!!!