Wednesday, 26 March 2014

MARKET ANALYSIS FOR 26/03/2014

NIFTY:

Nifty has broken out of range and has now sustained the breakout. Expect a strong upmove on 27th or quite soon.





















BANK NIFTY:

In all our earlier analysis we have always been mentioning of buying bank nifty above 12270. BNF has broken the resistance of 12250 with a big upmove. And the breakout was confirmed with one more day of positive closing. Expect bank nifty to outperform.






















CNX IT:

CNX IT is consolidating after a big fall. RSI is in oversold. We expect CNX IT to recover. This recovery can played by buying TCS and HCL TECH.


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