Intraday market outlook for 30March

On 30March, Nifty fut have resistance at 5345 level, once it manages to cross and sustain above this level we can see it inching up to the levels of 5360- 5374-5398 levels. Bulls will try to hold the maket above 5300 levels, however on higher side between 5345-5374 levels, bears can come up and attack decisively to weaken bulls in intraday, so traders must stay cautious in this range. If bears are able to drag down the market from higher levels, then on downside Nifty fut have support at 5302 level, if this level is breached and sustained then lower levels of 5285-5255-5230 levels. Traders must not leverage positions at higher level,.
We recommend all traders to keep a sharp watch on range 5302-5345, as breakout of this range on either side will show some sharp moves in markets. In intraday, on upside 5345 will act as a barrier, so all shorters must keep this level in mind and can use this as a stoploss, on the contrary bulls must keep watch on 5302-5285 level for their positions. Dont leverage positions without knowing the direction of markets, as that can make losses.

Nifty Levels

• Resistance - 5345-5360-5374-5398
• Support -5302-5285-5255-5230

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Intraday Calls

• Buy Syncom Healthcare @130 tgt-134-137-142+
• Buy Heidelberg Cement @59 tgt-61-62.5-64+
• Buy IFCI @51 tgt-51.75-52.4-54
• Surya Pharma @173 tgt-176-180-185
• Also watch Ruchi Infra, Texmo Pipes, RIL, Monnet sugar.

Buy stocks in given buying range only. 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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