Wednesday, May 31, 2017

Market outlook for 31s May 2017

Market are high volatile  but  trading with positive bias in the market and consider time being support established and in the month of June 2017 looks more promising in coming days.  Pharma segment first time seen  trend change or short covering after sharp eroded value so looking to buying and trading opportunity time being.
Nifty  : Time being 9580-9550 decent support range, up side crossover 9650  over all buying in the market towards 9700.
Bank Nifty  :   Trend is bullish with consider support 22950   23000 range as long as trend is bull grip and consider resistance 23500.
PSU Bank stocks :   Consider support 3400-3450 range and any decline to buy side. Time being over sold counter of PSU banks and strong short covering can not be ruled out.
Some stocks to be watch out :
REC :   Heavy short covering seen after result and almost added 1 crore shares
GODREJ IND  : Long seen in the counter and closed 52 week high.
M&M  :  Excellent result and long seen in this counter.
PFC   :  Worst result but sharp decline smart buying seen with decent volume in FO more than 10 crore shares indicate smart players entered at lower level.
BANK OF BARODA  :  Short covering and fresh long seen. OI reduced 9.48 lacs
SBI   :  Short covering seen in this counter and OI reduced 19.50 lac shares.
LT  :  After result long exit and profit booking seen.
COAL India   :  Long exit and profit booking by way of reduced OI 5.84 lacs
India Cement  :   Due to short covering smart move and holding previous support level 175.
HDIL   :  After result, short covering seen by way of 6.96 lacs shares
JUBILANT FOOD  :  Major shorting seen in this counter due to poor result and more down side.
BHEL  :   Fresh short seen in this counter after result and adalmost 27.50 lacs shares
JET AIRWAYS   :   Looks result not on the market and some short were seen in this counter and added almost 3.50 lacs shares.
RELIANCE   :  Short covering by way of reduced OI 819 contracts.

For Subscription Call
9630466296-9203901698

3 comments:

  1. • EIH Q4 net profit up 78% at Rs 50 crore.
    • Max Financial net profit jumps 51% at Rs 593 cr in FY17.
    CapitalStars

    ReplyDelete
  2. BOOK PARTIAL PROFIT IN BANKINDIA 140 PUT, T1 ALMOST ACHIEVED
    FREE TRADING TIPS

    ReplyDelete
  3. nice blog daily am visit this visit Dezire research one of the most leading company in share and commodity market. Company provide good recommendation or tips in all segments. visit http://www.dezireresearch.com/

    ReplyDelete