Monday, February 20, 2017

Market out Look 20 th Feb.

Market out Look 20 th Feb
Market are continue trading in positive bias and finally Friday closed above 8800 mark which indicate break out in upper level of trading range and ready to move up side towards 9000 mark in coming days.
On the lower side 8750 8700 remain decent support range and any decline to buy side. 
Banking Index also looking good and almost FIIS bought more than 9000 crore on Friday and  closed above with positive bias so major up side likely in coming days.  Down side major support observed at 20200 whereas the highest put hold consider short term support and up side towards 20800 21000 mark .
On the stock specify  Banking stocks likely to pay attention and ICICI Bank, SBI,  Bank of Baroda, Kotak Bank, Indus Bank will perform better.  Other stocks likely VEDL, Hindalco, Mahindra Finance, LIC Housing, DHFL, IBUL Housing and many more to  watch out.
As per FO Data long were saw in JP Associates, IBUL,  Kotak Bank and ICICI Bank.
Unwinding seen in TCS before Board meeting and HCL Tech.
Short covering in  HDFC Bank and Century Textile
Short side – Axis Bank, IDEA and Godrej Industries.
On a delivery front major delivery based volume seen in HDFC Bank around 8.50 crores shares bought by FIIS, Infosys  (20 lacs) Bank of Baroda (38 lacs) SBI (41 lacs) and Axis Bank (34 lacs in selling side).

Over all trend is bullish and dip to buy side till Nifty hold 8750-8700 level till expiry. 

Contact us on:-

325, Milinda Manore,2, R.N.T. Marg,
Opp. Central Mall,Indore (M.P.),
Pin Code: 452001,India.
Contact No.: 9301302732, 9203900646,
0731-4098347
enquiry@3mteam.in

1 comment:

  1. BOOK PARTIAL PROFIT IN GREAVES LTD , T1 ALMOST ACHIEVED
    FREE TRADING TIPS

    ReplyDelete