MARKET OUTLOOK (14th June - 18th June )
Nifty Spot Support @ 5055 4970 4888
Nifty Spot Resistance @ 5167 5245 5310
Strong Above 5130 & Weak Below 5030 ( Spot Closing ).
Nifty Spot will face multiple hurdle @ 5130-5167-5200-5245
Crosses All above will Spurt Towards 5310-5400
Until & Unless Nifty Spot Closes Above 5245, Selling Pressure will come @ higher Level
On Down Side Big Supports @ 5055-4960-4840-4780
We Exited All Longs @ 5350-5400, Bought Again @ 4800-4950, Booked 50% @ 5120.
Medium Term Bearish Below 5245 & Short term Bullish Above 5055 Spot Closing
For Long Term, Accumulate Good Fundamentally Stocks on Each Decline,
If Nifty Spot Holds 4660 Then Target 6000-6320-6600 in Next 1Year.
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STOCK ANALYSIS
Tata Motors - Bullish Above 747 & Bearish Below 721
Tata Steel - Bullish Above 473 & Bearish Below 450
Sterlite - Bullish Above 646 & Bearish Below 605
Reliance - Bullish Above 1041 & bearish Below 1021
ICICI Bank - Bullish Above 841 & Bearish Below 816
Axis Bank - Bullish Above 1238 & Bearish Below 1202
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Our Jackpot BUY LIC HOUSING @ 762 & 730 NO SL TGT 934 ( 1 Month)
Our Jackpot BUY Hanung Toys @ 107 No SL TGT 312 ( CMP: 260 in 2 Months )
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