Intraday market outlook for 17March

What Happened yesterday??

On 17March, Nifty fut will face resistance at 5226 level, this level will be once again a resistance for bulls on upside and in order to retain their gains bulls have to cross and sustain above this level. For a sustainable upside Nifty fut must sustain above 5226 levels, and if this happens then we will witness a massive short covering in markets which will lead to uprise. Once this level is sustained,we can see higher levels of 5250-5265-5310 in markets. However, if bulls fail to sustain above the resistance level of 5226, then bears will try hard to attack the bulls and slide down the markets. On lower side Nifty fut have support at 5184, if this level is breached then we can see 5165-5135-5102 levels in markets in short time. Till Nifty fut is trading above the level of 5190, bullsare having an upper hand. Today if closes above 5190 level, then it will favour bulls in coming days.

We recommend all traders to keep a watch on 5184-5226 intraday range, and a broader range of 5090-5370 for coming days, for all their short/long positions. Traders must keep booking profits in all long positions at every uprise from 5226 till 5310 level, and must not leverage positions at highe level. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets

Nifty Level

• Resistance - 5226-5250-5265-5310
• Support - 5184-5165-5135-5102

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

Intraday Calls

• Liberty Phosphate abv 30 tgt-31.6-33-35.5
• JSW Steel abv 1200 tgt-1214-1229-1254+
• Jai Corp abv 264 tgt-270-282-294+
• Jubilant foodworks abv 289 tgt-294-298-305+
• Also watch Opto circuits, Apollo Tyre, Arss Infra, Educomp.

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 updates and stock calls, CLICK HERE.

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

For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com

Only accuracy here!!!!

For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303