Market Outlook for 18th June, 2014

Nifty Future:

Yesterday, what a powerful move on upside in last 90 minutes trading and  index was pushed by 110 points to cover all major losses of last couple of days !!

Surprisingly, the Delta volumes were negative to extent of 40 Lacs.. Yesterday’s high of 7665 and 7632 is going to play a crucial role today and if market determines to moveup, then it could easily catch 7810 and on downside 7582 should act as support level.

In Stock Future, Auro Pharma until it crosses yesterday’s high of 715 could face pressure and Adanient can move to 495 – 505.

Good Luck !!