21 March 2018

RELCAPITAL & IFCI FUTURE CALL ROCKS !!!!!



IFCI FUTURE ACHIEVED 1ST TGT
ARVIND FUTURE WEEKLY CALL ROCKS...!!!!


Market closed higher second day in a row on Wednesday ahead of Federal Reserve policy meeting. The Sensex closed higher by 139 points, to 33136, while the Nifty future f50 failed to hold 10200 mark, closed 38 points up at 10181; it has opened at 10188 made a high of 10265 and low of 10148. Total 117 points nifty future has moved in intraday. All eyes are on the outcome of two-day US Federal Reserve's policy meeting that is scheduled to be announced tonight. Globally investors expect first rate hike of the year from the central bank but new Fed Chairman Jerome Powell's commentary on future rate hikes will also be closely watched.
Bears are not in a position to give up their game fully since February barring few sessions, as the market fell 10 percent from its record high hit on January 29, 2018. In fact, it has turned negative after Budget 2018, hitting fresh lows of the calendar year. Trend has been so negative-to-volatile that buyer’s strength has been declining day after day.Everyone on the Street agreed that correction was long overdue after one-sided 35 percent rally from 2017 till January 2018. There are several reasons that pulled down the Nifty by more than 1,100 points in one and half months. To name few reasons which are major ones are long term capital gains tax imposition in the Union Budget, likely early & more than three Fed rate hikes in 2018, banking fraud and political uncertainties after TDP pulled out from NDA government. As these are enough and additional reasons ahead of March quarter earnings, the Nifty is likely to breach 10,000 levels soon amid volatile trade. It is a "sell on rally" market now. The Nifty is around 150 points away from its 10,000-mark. For the coming session the levels of 10300 and 10350 will act as immediate resistance levels for the market. Supports come in at 10125 and 10050 zones. 
RESISTANCE: 10300, 10500, 10525
SUPPORT:  10125, 10075, 10000

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