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Techno Tomorrow Date: 16/03/2018 Dear Traders, Following our Researcaramete INDEX NIFTY OUTLOOK:
S&P CNX Nifty future closed DOWN 165.00 points at 10195.15. Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone. China trade war fear still lingers and Indian Stock Market is still in consolidation phase. Closing below 10300 would confirm reversal from the bullish trend and market would enter into bearish trend but until then there is strong chance of a bounce back. Traders can continue to hold long positions until 10300 holds for Nifty on closing basis but if Nifty managed to close below 10300 then traders can close all long positions and initiate short positions. SCRIPT
LEVEL
TARGET
STOPLOSS
PEL FUT BUY ABOVE
2514
2534-2554
2494
SCRIPT
LEVEL
TARGET
STOPLOSS
ULTRACEMCO FUT BUY ABOVE
4070
4090-4110
4050
SCRIPT
LEVEL
TARGET
STOPLOSS
TATAMOTORS FUT SELL BELOW
340
337-334
343
SCRIPT
LEVEL
TARGET
STOPLOSS
GSFC FUT BUY ABOVE
124
125.50-127
122.50
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