Market Outlook for 4th October, 2016

Nifty Future:

Yesterday, Nifty FutureĀ  exactly closed at Resistance Level.. To sustain this upmove, it should cross 8825 to open higher zones. As RSI in 30 Minutes interval is overbought, any correction could push the Index to support level of 8690.

Stock Future:

LIC housing has cleared the resistance level above 590 and could move towards resistance zone of 620 – 650 and support is placed at 565.

Zeel is overbought in Daily Chart and if stock goes for correction, then support levels are 535 – 500..

Good Luck !!