Market outlook for the week 2-5March

Last week we told everyone that support for Nifty fut is 4805 and resistance 5048 level, and everyone watched Nifty fut working in this range for whole week. We told everyone not to go short, and buy at evry dips....those who followed us made profits in long positions in truckload and all shorters got trapped badly. Stay tuned with Team EAIB to mint money with magical levels. All our FREE JACKPOT CALLS, daily made you all earn 10-20% gains in intraday.

For the week starting from 2March, Nifty fut will face resistance at 4975-5030 level, this level will be the first hurdle for bulls on upside and in order to retain their gains bulls have to decisively cross and sustain above this level. If markets manage to cross and sustain above this level then we can see Nifty fut heading towards 5090-5145-5190 levels. However, one should remain cautious at higher levels around range 5030-5190 level, this range will be very crucial for bulls to retain their gains. Bulls might loose energy at higher levels and bears will attack decisively to take charge over bulls. On lower side we have support at 4860 level, if this level is breached then markets can show lower levels of 4820-4770-4730. On lower levels 4770 will be crucial level to watch as any close below this level can change the market scenario and bears can completely take charge and drag down markets to 4665 and more lower levels.

We recommend all traders to stay cautious in current market, as trading in this market 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 4860-5030, 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 5030 and on lower side if the markets breaks & close below 4860, one must get alerted for all long positions.Failing to break 4860 level on downside, will show bounceback coming in markets. Get ready for a sharp & deceptive moves in markets.

For intraday trade on 2march, Nifty fut will face resistance around 4975-5008. Traders must stay cautious around these levels and must not jump n trade with sentiments. On higher levels try to book profits in longs instead of making fresh long positions.

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Nifty Levels

• Resistance - 4975-5030-5090-5145-5190
• Support - 4884-4860-4820-4770-4730

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Stocks for the week

• Thinksoft Global
• Kaveri Seeds
• Ashiana Ispat
• Bilcare Ltd
• Jenburkt Pharma
• KFA
• Suzlon
• Lupin

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Intraday calls

• Suzlon abv 72 tgt-73.6-75-77.3
• Savera Ind abv 50 tgt-51.4-52.2-54+
• Bata Ind abv 236 tgt-240-246-260+
• Bharat forge abv 247 tgt-250-255-262+
• Also watch Emmbi Polyarns, Jet Airways, Tata Power, Hindustan Copper.

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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