Market Outlook for 17th March, 2016

Nifty Future:

Oflate, huge Gap openings have become norms of the day and today is going to be no different after FED decision to be keep rates unchanged. As I write this, SGX Nifty is trading around 7615 and will be difficult to write levels for the day with such Gapup opening of market.. 

Having said that, I neckout to give Resistance level of around 7625 and move beyond 7655, could open new Levels on upside. On lowerside, support could come around 7530 and breaking 7520, will fall closer to yesterday’s low of 7430.

Stock Future:

I observe two stocks have huge resilence in this market namely Tata Steel and Yes Bank and both comeup very fast on upside on every correction and gives good opportunity to buy at known support levels.

Keep hunting & Punting for good stocks..

Good Luck.. Trade Well !!