Market outlook for the week 29March-2April

See what we said last week CLICK HERE, and compare it with actual levels of Nifty fut for the week ended, and then the thin which will strike in your mind will be- OH! ITS 100% ACCURATE . Thats what Team EAIB provided you all, a accurate and precise market view. We hope all of you must be getting benefitted and minting massive money from our FREE OF COST market view and stock tips.

In last few trading sessions, we witnessed Markets making the ground and rising into the positive territory to show a high of 5310 & close in positive. Now for this week Nifty fut will face resistance at 5315 level, once this level is crossed and sustained then we will see higher levels of 5345-5374-5445, on upper side 5315-5345 will act as major resistance zone and any close above these levels will invite the target of 5374-5445. On the contrary, Nifty fut has support at 5255 on lower side, breaching this support level Nifty will show the lower levels of 5220-5184-5130. On lower side 5220-5255 range will be a major support level for the markets. If nifty fut is able to hold above 5220 levels on closing basis, then once again bulls will try their luck and will try to gain some strength over bears in coming days and will try to inch higher to make a new recent high. Nifty range for this week will be 5250-5345 & a broader range will be 5180-5445, breakout on eitherside will lead to sharp movement.

We recommend all traders/investors to keep watch on levels around 5315-5345 for all their long positions, as this level can act as trend reversal level, if not crossed and sustain above this, then reverting back from these levels and breaking 5220 can show downside movement, so all positions must be properly hedged. In order to retain the recent gains, Bulls must close above 5345, if they are able to do so then bears will be squeezed off and one can witness another rally of 80-150pts in markets in coming days. We might see some major movements in markets in coming days. So all traders must stay cautious and must not leverage positions without proper knowledge of market drections.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 Levels

• Resistance - 5345-5374-5445-5522
• Support - 5255-5184-5130-5070

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Stocks for the week

• NMDC
• Raymond
• IFB Industries
• Maharashtra Scooter
• Petronet
• Reliance Power
• Fortis
• ABAN

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Intraday Calls

• Alstom Projects abv 627 tgt-632-640-647
• Uttam Galva abv 118 tgt-120-124-127+
• EKC abv 124 tgt-127-129-135+
• OK Play abv 25.5 tgt-26.3-27-28
• Also watch Denison hydraulics, Polaris, Sita Shree foods, AVT Natural.

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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