Market Outlook of 27th Mar, 2018.

Probably market is at the end of correction; expect April to benefit the bulls.

Nifty index managed to hold previous day’s low of 9951 and witnessed a strong rebound of around 200 points from its intraday low.

Nifty crossed very decisively the important resistance of 10141. Now it has to hold above 10141 to extend its bounce towards 10222 then 10276 while supports at 10050 and 9980.

The market data signifies a broader trading range between 10000 to 10250 till expiry.

Bank Nifty negated the formation of lower highs and lower lows and rallied by more than 600 points. Now it suggests the bulls dominated the entire session.

Now, it has to cross and sustain above 24350 to witness a bounce towards 24500 then 24750 while support at 24000.

* 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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