Market Outlook of 19th Feb, 2018.

Nifty fail to rebound as global market recovers

Global equities got a breather last week after tumbling in the 2 consecutive weeks preceding it.

PNB 11300 Cr. fraud spoil the market mood and make the sentiment negative.

Short term market is in bearish mood and expected to break the 10276 low of 06/02/2018.

Upper resistance of Nifty is 10620 – 10725 – 10785

Major support of the nifty is 10276 – 10180 – 10100 – 9800

The nifty outlook is remaining negative.

Now we are entering a phase of valuation that is currently entering our perception.

One must always remember that the market can do anything.

* This material is for information purposes only and should not be constructed as an offer or    solicitation of an offer to buy or sell any securities.

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