Market ended on 11278 levels on 10 May 2019 after healthy correction for the further growth of the markets.
MARKETS HEADING TO WARDS 11680 LEVELS.
After corrections the upside growth story of our markets seems to remain intact and the following four Resistances :– ( if it our comes it the Market is likely to scale another high other than 11856)
FIRST RESISTANCE 11380
SECOND RESISTANCE 11480
THIRD RESISTANCE 11580
FOURTH RESISTANCE 11680.
This week beginning 12 May if market settles near 11400 and 11440 levels it will take the further course towards 11550 and 11600 levels and will try to over come the fourth Resistance of 11680.
The only week in which some volatility will be witnessed that is on 23 May Election Results will be declared.
The most rewarding will the NIFTY IT Sector with all the three TCS, INFY and MINDTREE will be worth watching
Reliance is well corrected and at 1250 levels down from 1400 levels good opportunity to invest in it.
FMCG AND PHARMA are all well corrected to invest in HINDUNILIVER and JUBLIANT FOOD at 1270 level
BANK NIFTY is also well corrected and had been best performer in the current Rally from 10700 to 11700 levels.
market analysis 