Markets today are again in the expected range since opening till now (high of 11620 and low of 11578).

ROLLOVERS TODAY AND TOMORROW (POSITIVE) (GOOD GROWTH)

Markets are in the short trading range but that must be used as good opportunity because of the ROLLOVER the market is restricted to limited range of 11580 and 11620.

TODAY Market must close at 11655 levels or above 11655 levels if further growth if at all is to be achieved otherwise the markets go weak closing below 11655 and hence there is a strong possibility of markets closing at or above 11655 levels but closing above 11655 level the prices of the stocks are going to be high so many stocks at present are available at reasonable levels before they go up it is good to buy at lower levels.

TO CONCLUDE :- (GOOD GROWTH PRE AND POST 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.

ROLL OVER

Roll over two days left and today market corrected by 158 Nifty points was a big downfall indicting a temporary stop for the further growth and pause here for rollover ie., till 25 April 2019. After ROLLOVER trend will get reflected till than the Nifty is likely to be in the narrow Range.

For tomorrow it seems that initially it will strive to remain above 11615 level attempting to cross over the resistance of 11640 and try to attain the 11673 levels .

EXCEPTIONAL RESISTANCE OF 11640 AND 11673

RESISTANCE OF 11640 WILL BE IMPORTANT AND THAN RESISTANCE OF 11673 WHICH IS DUAL TECHNICAL POINT 11673 IS 14 DAY AT THE SAME TIME 2 DAY MOVING AVERAGE AND HENCE IT IS VERY IMPORTANT RESISTANCE. IF NIFTY CROSSES OVER 11673 AND REMAINING OR NIFTY CLOSING ABOVE 11673 WILL BE A GREAT FOR THE FURTHER GROWTH OF NIFTY IN THE COMING DAYS.

On regular level the first level of resistance will be at 11605 and 11620 and than come the above mentioned resistances of 11640 and 11673.

MARKET MOST OF TIME WILL SEEM TO REMAIN HINGED AT 11610 AND 11620 LEVELS.

SUPPORTS : FIRST :- 11570

SECOND : 11550

THIRD : 11500 (IF AT ALL IT REACTS TO THIS LEVEL IT MAY

BOUNCE BACK TO 11550 AND ABOVE).

EXPECTED CLOSING FOR TOMORROW : 23 APRIL

Expected closing for tomorrow that is on 23 April is if the markets are weak than at 11550 level which is not in picture at least now but most probably at and above 11570. The strong possibility seems to be some where between 11570 and 11620 levels. If tomorrow markets closes near or above 11620 it will be good for the further growth in the coming days.

Nifty AUTO seems to be in a good trading zone with growth from 9000 levels towards 10000 levels and Tata Motor is strong heading towards 250 consolidating here for some period of time and than 280-290 levels to 300-310-320 towards the final target of 350 levels.

NIFTY FMCG : Nifty FMCG is is well corrected and enough space for the further growth and perhaps the safest sector to invest particularly Hind unilever, Jubliant Food, Godrej Consumer etc

NIFTY IT : NIFTY IT is the best and even in todays down fall it had give a new high of 16204 previous high of 16200 today this was the only sector in positive zone. Rest all the sectors were in negative. All the three important companies TCS, INFY, MINDTREE are the best. NIFTY IT is likely to cross previous high of 16360 and may make a new high of 16500 16600 level in the coming few months.

Finally to conclude Markets are to be in range bound till 25 April 2019. After ROLL OVER the correct trend is likely to get reflected till than wait and watch policy will be the best.

NIFTY AUTO

NIFTY AUTO : Nifty Auto had performed quite will since last one month. On 28 March NIFTY AUTO from 8230 to 9230 was a good run and what technical levels are suggesting that this is the correct level to be on for a good period of time and after consolidating here over a period of time will again be on good growth with an approximately another 1000 NIFTY AUTO POINTS THAT IS 10230 LEVELS (BUT NOT IMMEDIATELY)

TATA MOTORS.

Similarly TATA MOTORS had performed well from 175 on 28 March 2019 till 18 April 2019 and expected to be near and above Rs. 250/- and again consolidating at this level is likely to attend the 285-290 levels perhaps approaching towards the 300-310-320 levels towards the final and ultimate targets of 350 levels.

NIFTY IT

NIFTY IT : Nifty IT also had performed well from. On 28 March Nifty IT from 15566 gained approximately 500 points to 16079 on 18 April 2019. Nifty IT had already given a new high of 16200 on 09 April 2019 . Now further over coming a hurdle of 16360 is anticipated towards 16500-600 levels (AGAIN FROM HERE NEEDLE POINTING TOWARDS A HUGE GROWTH TOWARDS 17000 LEVELS AND BEYOND )

INFY

INFY : Infy is the safe and sure at 717 levels a maximum down side of Rs. 5 to 10 is not ruled out and hence looks quite safe and sure heading towards 722 to 732 and consolidating slowly between 730 to 740 and will be heading towards 777. Infy had good run of 40 Rs. from 737 to 777 previously, and this is only the trading range from 717 to 777 levels but real growth begins from 777 levels towards 800 plus levels.

Beginning with the ROLL OVER WEEK is going to be quite teasing up down in the market without any correct cue till 25 April 2019. But still some workout is possible. First let us mark the strong supports from where market remains growth oriented . First STRONG support is at 11738. AND Second STRONG support at 11730. These two strong supports will keep markets hope full for the positive closing beyond 11752 and 11790 and if this route map comes correct than good growth is expected.

Next what will happen if markets breaches 11730 level again their are good support levels but only for the market to remain range bound. So the following support levels, FIRST support at 11715 . SECOND support at 11690, but these supports are said to be intraday with a hope that market will bounce back to 11730 level and taking into account the ROLLOVER WEEK expected the NIFTY TO REMAIN IN THE POSITIVE ZONE THAT IS ABOVE 11730 LEVEL .

Irrespective of all thing if other Asian Markets open in positive zone on Monday that is on 22 April 2019 than we can expect our markets to remain in positive zone on 22 April 2019.

Finally to conclude Market on 22 April 2019 will be trend deciding day for ROLLOVER WEEK.

Today markets opened at a NEW HIGH AT 11856 ( OTHER THAN THE PREVIOUS HIGH OF 11810 OF 16 APRIL 2019 ) THEREBY NEARLY ATTAINING THE EXPECTED TARGET OF 11860. As mentioned yesterday about RELIANCE INDUSTRIES today at 1385 with a gain of more than 3% .

Since last four days ie., since 12 April 2019 Markets opened with a gap up of several points till today.

On 12 April OPENED GAP UP OF 15 POINTS AT 11612 AND CLOSED 11643.

On 15 April OPENED GAP UP OF 24 POINTS AT 11667 AND CLOSED AT 11690.

ON 16 APRIL OPENED GAP OF 46 POINTS AT 11763 AND CLOSED AT 11787.

TODAY 18 APRIL OPENED GAP OF 70 POINTS AT 11856 AND PRESENT AT 11770.

Similarly today if the markets closes in positive territory we can hope for the good growth of market in the NEXT WEEK (ROLLOVER WEEK).

(IF TODAY MARKETS CLOSES ABOVE 11790 THAT IS ABOVE 3 DAYS HIGH MOVING AVERAGE WE CAN EXPECT THE MARKET TO CROSS OVER 11856 OF TODAY’S AND GO BEYOND 11856 AND NEAR 11910).

On 9th April we mentioned Reliance Industries at it lowest level of 1334 would perform from her and today it is at 1385 level and perhaps heading towards previous high of 1406 of 01 April 2019.

Markets on 16 April 2019 closed on 11787 after hitting a high of 11810 as anticipated with lot of positive news , we had already discussed earlier about the possibility of Nifty crossing over 11761 and likely to head towards 11860 with a new high of 11810 it seems that 11860 is not distant dream.

TOMORROW :- 18 APRIL 2019 LAST DAY OF THE WEEK :- It can be again surprising day in the market with may be new top (expected 11860 and above) what technical averages of the Nifty suggest is some thing good in store. Any under estimation to the growth for current markets can be wrong because of the pending ROLLOVER in next week.

Markets have performed well in March and April so far and expected to be range bound between 11640- 11680 and the ANY OTHER WOULD NEW TOP OTHER THAN 11810 MAY BE 11860 -11960 AND FURTHER TILL 25 APRIL 2019.

Many sectors have not performed many stocks are absent in this RUN particularly Reliance Industries and LT and NIFTY PHARMA and many more laggards are likely to react in the coming days till 25 April 2019 (ROLLOVER) .

FINALLY IT WILL BE WORTH MENTIONING, IT LOOKS A VERY STRONG BULL RUN ANY UNDER ESTIMATION CAN PROVE WRONG.

Perhaps it was GOOD FRIDAY to see S&P 500 closing above 2900 previously over coming the two major hurdles at 2863, 2873 and 2899 closing above 2899 ie., on 2907.41 ON 12 April 2019. Now the only hurdle is at 2916 towards the previous high of 2940 of 21st Sept 2018. Again Considering or better comparing short and long Simple Moving Averages of S&P 500 of 28 August 2018 and of 12 April 2019 are quite similar but on 28 August 2018 S&P 500 closed on 2897.52 and on 12 April 2019 S&P 500 closed on 2907.41 PERHAPS INDICATING TO BREAK THE FIRST HURDLE TOWARDS 2916.5 AND ON WARD JOURNEY TOWARDS 2940 AND 3000 (NEW TOP).

Similarly in Indian Markets Nifty closed on the positive note on 11643 on 12 April and today ie., on 15 April 2019 making a high of 11704 closed on 11690 as mentioned earlier (THAT REAL GROWTH IN NIFTY STARTS BEYOND 11680) .

Nifty first attained the levels of 11570 on 22 March 2019 and till 11 April 2019 were in the consolidation phase of 11570 -11585 -11596 till 11 April 2019 on 12 April 2019 closed on 11643 and today 15 April 11690 (ONCE AGAIN SEEMS TO CONFIRM NIFTY GOING BEYOND 11761 AND PERHAPS TOWARDS 11860-11960 AND BEYOND.

Strong NIFTY IT, NIFTY FMCG and NIFTY PHARMA will lend the support for the above growth and also to mention specially RELIANCE INDUSTRIES AND LT WITHOUT WHICH FURTHER GROWTH TOWARDS 11760 AND BEYOND IS IMPOSSIBLE.

Finally the two holidays ie., on 17 April 2019 and 19 April 2019 and expiry in the next week, coming Trading Sessions are going to be full of surprises.

On 27th March 2019 as discussed expecting the Nifty on higher side of 11565, on 28th March 2019 Nifty closed at 11570. Since than the Markets performed quite well and fast making a new top of 11761 on 03rd April (previous top 11760 ) and today reacting to low of again at 11570 closed at 11675. It was also mentioned earlier that the Markets are going to perform in real sense only above 11680 may be from tomorrow and expected levels in the coming days are 11760 to 11860 to 11960 (approximately) what the current levels of long and short averages are indicating.

Nifty FMCG looks promising particularly Jubliant Foodworks from 1435 and 1460 above(HUGE PENDING GROWTH). Hindustan Uniliver from 1685 onward expected levels are 1750 and 1800 and beyond, both at present levels are safe and sure.

NIFT IT is already on the growth with TCS, INFY and MINDTREE are moving on the higher side.

Nifty PHARMA looks like going for good growth in particularly Biocon, Sun Pharma Lupin etc.

Reliance Industries well corrected from 1400 levels, and today at 1334 looks very attractive.

Similarly L&T is heading for good upside from todays closing at 1375 and above 1380 surely will be on the good growth path.

To sum up Markets above 11680 may once again cross the 11761 levels AND EXPECTED TO MAKE A NEW HIGH OF 11860 AND 11960 IN APRIL SERIES

Finally to mention is that above mentioned topics are study part and not recommendation for buying/ selling.

Tomorrow rollover event in the market is going to be very interesting because of the highest levels of the Nifty Rollover we will witness since August 2018. Nothing can be taken granted pending rollovers and a very high level of volatility in the markets can be witnessed.

Still technically Supports levels of Nifty are First 11425, second at 11380 and third and last support 11352, below 11352 is not expected, still if it goes below 11352 likely to bounce back.

Technically upside can be expected only after 11465, a small resistance at 11499 and than can expect till 11565.

In short to sum up Market can be in the range of 11352 to 11565, closing can be some where 11430 and above(EXPECTED ).

NIFTY IT, looks very attractive from the growth point of view and can expect that it can break it previous top of 16360 to make some new high in the six to twelve months and todays closing at 15339. Growth of NIFTY IT can be expected from 15550. All NIFTY IT companies are on the growth track (particularly MINDTREE at Rs. 940 a very huge growth is pending in coming 6 to 12 months)

Expected a very positive ROLL OVER TOMORROW for further growth of the market.