Market outlook for the week 15-19March

100% accuracy once again provided by us lst week. We are continuously providing you all the most accurate market movement and levels since years. You all watched what happened last week, Nifty fut traded in range 5090-5190, and both these magic levels worked well. We told you these levels since last two weeks andsince then they are showing their importance to whole world. Those who followed our strategy of sell on rise and buy on dips, made handsome profits even in volatile markets. Stay tuned,keep minting money.

For the week starting from 15March, Nifty fut will face resistance at 5190 level once again, 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 5226-5260-5315 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 5190 levels, failing to do so and closing below 5090 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5044 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 5002-4955-4884. 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. Overall range for the markets the narrower range is 5090-5190, ans a brodaer range looks like 4955-5315, however on higher limit of this range chances for sudden profit booking will be of high probability.

We recommend all traders to watch the range 5090-5190, 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 4955 level on closing basis, then we can see bounce back in markets from lower levels. In this march 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 accordingly, and dont trade blindly without judging the market movement.

Nifty Levels
Resistance - 5172-5190-5226-5260-5315
Support - 5090-5044-5002-4955-4884

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Stocks for the week

• Chemplast Sanmar
• J K Paper
• Seax Global
• Mahindra Holidays
• Competant Auto
• Sunil Hitech
• Kaveri Seeds
• ANG Auto

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Intraday Calls for 15March

• Simbhaoli sugars abv 54 tgt-55.3-56.5-58
• Kabra extrusion abv 220 tgt-225-234-245+
• EID Parry abv 356 tgt-360-368-377
• Kajaria Ceramics abv 58 tgt-59.6-61-64+
• Also watch Atlas cycle, HCL Tech, Texmo Pipes, Core projects.

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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