Market Outlook of 20th Feb, 2018.
GFS Wealth Creators Suggestions for buy and sell shares.
Market fall; slump in price forces range breakdown in nifty, now resistance at 10430-10450
Market sentiment is weak due to PNB scam, as rumors become high in the media to come out of more defaulters in banking systems.
We now enter the expiry week the focus is now shifting to the rollover activity that shall attract some buildup as anticipation for a recovery steps up.
We are through with the result season and the macro numbers that seemed to have played a part in the markets holding the decline.
Major Resistance of the Nifty Spot is 10450-10600
Major Support of the Nifty Spot is 10220-10276
But market is in bearish mode for short term and Bull Run is still intact and correction is the part of the Bull Run.
* 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.