Market outlook for the week 8-12March

In earlier week we once again proved our accuracy, and made you all earn handsome profits, even in volatile markets. Our major support-resistance levels of 4930 & 5145, worked well and proved their importance. We clearly wrote in our market view, that above 5030 resistance level, Nifty fut will make spurt till 5090-5145, and you all must have watched Nifty fut blasting up to a high of 5140. Or stock recommendation of KFA, Suzlon, Jenburkt Pharma, Arss Infra, Bata Ind, Bharat Forge, Jet airways, Sulzer etc etc blasteddddd daily to give massive gains. Keep minting money with highly accurate market view and stock tips provided by Team EAIB.

For the week starting from 8March, Nifty fut will face major resistance at 5148-5190 level. We have mentioned the importance of these level last week also, and you all must have watched the significant role played by the level 5148 in the market action last week. This week once again this level will be in lead role, and if Nifty fut manages to cross and sustain above these resistance level then we can see higher levels of 5226-5260-5315 in coming days. Bulls have to work hard to retain their gains above 5190 level, and must close consecutively above this level in order to go higher on upside and take complete charge over bears. Failing to do so, bears will gain strength will attack decisively to come back in markets. If bears anyhow manage and hold bulls below 5190 level, then we can see bull's energy getting exhausted and bulls loosing control over markets. On lower side Nifty fut have support at 5044 level, and break below this level will make the scene for some profit booking action and we might see markets falling down to 5002-4955-4884. Few consecutive close below 4955, can create some panic in markets and then more lower levels till 4884-4770 can be seen.

We recommend all traders to stay cautious in range 5128-5190, as this will be the crucial range on upside. Overall range for the markets will be 4955-5190, traders must watch out for decisive breakout off this range for further market movement. As we have said earlier also, leveraging long positions on higher levels wont be a wise decision, so on higher levels keep booking profits only. If Nifty fut is unable to cross and sustain above 5190 level, then it will be favourable for bears only. Markets will be highly volatile and can show unidirectional sharp moves. So, traders must trade on both sides with levels and mint money bi-directionally rather than waiting for unidirectional sentimental targets.

Nifty Levels

• Resistance - 5148-5190-5226-5260-5315
• Support - 5044-5002-4955-4884-4770

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Stocks for the week

• Tips Ind
• Tele Canor Global
• Federal Mogul Goetze
• Muthoot Capital
• JPT Securities
• DLF
• Suzlon
• KFA

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Intraday Calls for 8March

• Sesa Goa abv 448 tgt-456-465-480+
• Mindtree abv 540 tgt-545-553-567
• Amrutanjan abv 700 tgt-728-765-810+
• Jubilant food abv 260 tgt-264-272-284+
• Also watch Almondz Global , Zicom , Concor, Stovec Ind.

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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