Market Outlook for 18th November, 2013

Nifty Future:

Market is expected to open with huge gapup sensing from SGX Nifty level of  CMP 6170.  To trade in this market, one needs  right tool to have an edge else Ledger will be in deep Red.

Nifty can Max move to around 6275 – 6300 in this settlement and will be difficult for Bulls to conquer the month high of 6383. Going forward to this settlement,  Nifty can move in a range of 6275 – 6025 and breaking 6000 it can have some more correction on downside.

In Individual stocks, TCS should not break 2025 in this settlement and if it does, then it can bounce to 2075 and subsequent crossing of 2150 will become difficult for whole of this month.

Best Wishes !!

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