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11TH MARCH MARKET OUTLOOK

Source : http://www.moneyvistas.in/ 
55 Points range from past three days.Below these three days we made low at 5068 and 5048.
If we break below 5092  these two levels will provide supports and range breakdown target comes at 5037 and range breakout target comes at 5202 on upside.


After range breakout watch 5168--5184 zone.
Now it's looking difficult to break above 5200
Take a look at chart which shows range :










Today volumes also low 






Here is FII & DII's data :










In last 15 minutes trade today when nifty going high the other side bank nifty was declined.
From past two days it took support at 9075 level.It might break tomorrow.Supports exists at 9040 and 8960 levels.At the end of the day it needs to close above 9040 level otherwise .....
Up side stiff resistance comes at 9400 level.


Here is bank nifty chart:


















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Disclosure: holding short positions