MARKET FOR 24 APRIL 2019 LAST DAY BEFORE ROLL OVER

RANGE BOUND MARKET (11570 TO 11680)

Market for 24 April is going to be in range of 11570 to 11680 , but with a good moves down as well up side even in the limited range high and fast volatility may be the feature for the tomorrows, market.

SUPPORTS :-

FIRST : 11570

SECOND : 11564

THIRD : 11550

FOURTH : 11515 (WILL BOUNCE BACK IF TEST THIS LEVEL OF 11515)

RESISTANCE :-

Resistance starts 11586, 11605, 11620 and last is at 11641, thereafter the nifty is likely to cross the level of 11660 and if it succeeds to cross the 11660 and remain there for long period during the day than there are chances of the short covering and market going further towards 11680 levels and near 11680 levels. (NIFTY AT 11680 IS GOING TO BE PIVOT POINT FOR ROLLOVER ON 25 APRIL 2019 )

RELIANCE INDUSTRIES :-

Reliance industries is the best stock at present with expected a good growth pending in the coming days. Reliance growth starts right from 1360 levels minor resistance right at 1167 and thereafter no looking back, but still some resistance at 1380-1390 levels is anticipated thereafter 1410 and 1440 levels can easily be anticipated may be after ROLL OVER. ROLL OVER ON 25 APRIL MUST BE ABOVE 1360.

NIFTY IT

NIFTY IT is strong with TCS, INFY AND MINDTREE,all the three are the best in the NIFTY IT,NIFTY IT is likely to cross over from 16360 to make a new HIGH of 16500 to 16600 and accordingly TCS, INFY and (MINDTREE BEST OF ALL).

NIFTY FMCG AND NIFTY PHARMA both are going to perform accordingly and all the components in PHARMA and FMCG are growth oriented .

Finally to conclude the market for tomorrow is going to be quite interesting and expected to be in the positive trading zone between 11570 to 11680 levels, expected to close above 11600 -11610 levels.