Market outlook for the week 30November-4December

For the week starting from 30November, Nity fut will face resistance at 5012 levels, once Nifty fut crosses and sustains above this level, we can see bulls once again gearing up to move forward and take markets to higher levels of 5072-5135-5190. In this upmove one must once again be careful at higher levels, as if the previous the range around previous highs will be a rsistane zone and will try to hault down the bulls. And in order to move for a new high in coming days, bulls must have to retain th gains above 5200 levels. However if bulls fail to cross & susain above the resistance level of 5012, we can see bears taking charge over the bulls and drag down the markets. On lower side Nifty fut have support at 4880 level, if this level is breached & sustained then bears will make all possible efforts to take markets to 4840-4770-4730 levels. If bears are able to close the markets consecutively below 4770 level, then everyone must get ready for some sharp downside action in the markets. The week will witness some action packed fight between bulls & bears to take the charge for complete month.

We recommend all tradersto stay cautious in current market, as trading in this marke without any knowledge/ advice of market directions can be a lossing game all in all, so a good advice is the basic need for minting money from this market. In this week traders muct watch the range 4880-5012, breakout of this range will decide the further movement and will show some sharp movement. All traders must keep booking profits at every rise in markets, till the market is able to hold above the levels of 5190 and on lower sideif the markets breaks & close below 4910 , one must get alerted for all long positions. In the month of december, get ready for a sharp & deceptive moves in markets. A broader range for the markets will be 4770-5190.




Nifty Weekly Levels
Resistance - 5012-5072-5135-5190-5220
Support - 4905-4880-4840-4770-4730

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Stocks for the week

• KFA
• Suzlon
• Provogue
• Tricom India
• Tata Communication
• Godrej India
• KGN Industries
• Educomp

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Intraday calls for 30November

• Jain Irrigation abv 902 tgt-914-926-940+
• IRB Infra abv 239 tgt-242-246-249+
• Balrampur chini abv 127 tgt-130-134-136
• Sterling Biotech abv 92 tgt-94-95.4-97
• Also watch Lumax auto, Austin Engg. , IEC Education, Jindal Steel & Power.

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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