Market Turned Bearish – Nifty Below 9580
Fresh Long – Cautious approach
Blue Channels –
Very Bullish resulted trapped viewers
Only take knowledge – Do not follow recommendations.
Market Out Look : As we have written continue that till not cross 9710 do not think any buy side and finally break down major support level 9580 resulted free fall across the board and made a low 9473 and finally managed to closed around 9500 level. Below we have recommend to exit long 9580 and fresh short added. Now strategy - Sell side-No Buy
Nifty : Market turned bearish and finally break down major support zone 9580-9600 and intra day any rise to sell side for target 9430-9400.
Bank Nifty : We are bearish below 23500 and almost our target 23000 achieved. Over all trend is down and any intra day rally to sell side.
PSU Bank INDEX : As PSU Bank Index unable to hold 3450-3500 level and finally break down resulted over all selling seen in all PSU bank stocks and more sell off in coming days can not be ruled out. Do not try to bottom fishing.
PHARMA INDEX : Still holding support level and some buying were saw in Pharma segment. However, time to book profit and re enter only sharp decline.
SOME IMPORTANT POINTS TO BE WATCH OUT
Intra day to buy side with strict stop loss :
GAIL, ONGC, IOC, BATA INDIA, TATA STEEL M&M FINANCE
Long Unwinding and Short Side
SBI, LT, AXIS BANK, TATA MOTOR, DLF, BANK OF BARODA, INDIA CEMENT, DLF AND MANY MORE STOCKS
OPEN INTEREST SPURT : NO. OF CONTRACTCS
BPCL -10.34
CAN BANK -42
SBI 1.10 CRORE
LT -9.44
AXIS BANK -73.40
TATA MOTOR - 1.05 CRORE
BOMB -1.19 CRORE
FIIS DATA
Derivative Segment
Index Future +621
Index Options + 599
Stock Futures -41
Stock Options + 51
Net FO Positions +32
Our Call on dated 27th June, 2017.
1. Sell Bank on opening bell 9600 + target 9500
2. Sell Bank Nifty below 23500 stop loss 23650 target 23100 23000
3. Sell Yes Below 1450 target 1400 +
4. Sell SBI Below 290 target 280 275
5. Sell Axis Bank below 505 target 490
6. Sell Can Bank below 350 target 330
7. Buy Gail at 350 target 370.
8. Buy ONGC
9. Bearish below 9650 and more sell added below 9580.
Fresh Long – Cautious approach
Blue Channels –
Very Bullish resulted trapped viewers
Only take knowledge – Do not follow recommendations.
Market Out Look : As we have written continue that till not cross 9710 do not think any buy side and finally break down major support level 9580 resulted free fall across the board and made a low 9473 and finally managed to closed around 9500 level. Below we have recommend to exit long 9580 and fresh short added. Now strategy - Sell side-No Buy
Nifty : Market turned bearish and finally break down major support zone 9580-9600 and intra day any rise to sell side for target 9430-9400.
Bank Nifty : We are bearish below 23500 and almost our target 23000 achieved. Over all trend is down and any intra day rally to sell side.
PSU Bank INDEX : As PSU Bank Index unable to hold 3450-3500 level and finally break down resulted over all selling seen in all PSU bank stocks and more sell off in coming days can not be ruled out. Do not try to bottom fishing.
PHARMA INDEX : Still holding support level and some buying were saw in Pharma segment. However, time to book profit and re enter only sharp decline.
SOME IMPORTANT POINTS TO BE WATCH OUT
Intra day to buy side with strict stop loss :
GAIL, ONGC, IOC, BATA INDIA, TATA STEEL M&M FINANCE
Long Unwinding and Short Side
SBI, LT, AXIS BANK, TATA MOTOR, DLF, BANK OF BARODA, INDIA CEMENT, DLF AND MANY MORE STOCKS
OPEN INTEREST SPURT : NO. OF CONTRACTCS
BPCL -10.34
CAN BANK -42
SBI 1.10 CRORE
LT -9.44
AXIS BANK -73.40
TATA MOTOR - 1.05 CRORE
BOMB -1.19 CRORE
FIIS DATA
Derivative Segment
Index Future +621
Index Options + 599
Stock Futures -41
Stock Options + 51
Net FO Positions +32
Our Call on dated 27th June, 2017.
1. Sell Bank on opening bell 9600 + target 9500
2. Sell Bank Nifty below 23500 stop loss 23650 target 23100 23000
3. Sell Yes Below 1450 target 1400 +
4. Sell SBI Below 290 target 280 275
5. Sell Axis Bank below 505 target 490
6. Sell Can Bank below 350 target 330
7. Buy Gail at 350 target 370.
8. Buy ONGC
9. Bearish below 9650 and more sell added below 9580.
No comments:
Post a Comment