Wednesday, June 7, 2017

TODAY MARKET….

1.       RBI policy but indicate that status quo will be maintained. 2 pm .
2.       Britain election also impact of the market.
3.       Saudi Arab and Katar    also concern in the market
4.       Gold is moving due to geo-political concern.
5.       Over all cautious approach in over all world market.
6.       There is no weakness in Chart
7.       Nifty – Decent support 9500  - as long above, bulls  favour over all in the market.
8.       Front line PSU stocks to be watch today any decline, our best prefer  SBI.



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Market Out LooK
Market  are  continue in trading range but higher level some profit booking seen before the RBI credit policy.  However, trend is positive but higher level profit booking can not be ruled out.  At current level to avoid any long side, dip to good opportunity.

Nifty Spot
As  mentioned in this column 9712 is major resistance zone and it was made a high 9709 and reversal seen resulted closed with a negative bias.  

Nifty Future
Time being consider resistance 9700-9710, till not cross and sustained above, time to sell side.

Bank Nifty Future
Trend is bullish and 23500  is major hurdle on closing basis.  Down side support around 23200-23100 watch out.

PSU Bank Index
Before RBI policy selling seen in all PSU stocks. Now consider support 3450 and closely watch out.

CNX IT
 As long as hold 10300   trend is good . remember we are bullish from the level of 10000 and long side  WIPRO-HCL TECH-TCS .

CNX PHARMA
 Major challenge for bulls 9300… but at current level advise to avoid any short sell  - buy  in small lots for smart pull back which may be happened any time.


 SOME IMPORANT POINT :


TCS
Our long call 2250-2300 (when announced buy back at 2800) and advise to do not hedge position (with a sell in future)
WIPRO
Long call at 500  +   10 percent already appreciated
HCL Tech
Long call at 800   +       10 percent already appreciated.
Apollo tyre
Strong move with added OI     1164 contracts
HCL TECH
Long  added by 1172 contracts
TCS
Decent short covering and fresh long added 2473 contracts
Titan
As mentioned to book profit and fresh long exit reduce OI 1896 contrct
SBI
Before Policy some short seen  OI increased 1165 contracts
IBUL HOUS
After sharp rise profit booking seen and fresh short
Long exit
GSFC, Federal bank, Jet Airways, DLF, Axis Bank.
Short added
Godrej CP , Ajanta Pharma, Bank of India,  SBI
TOP Gainer
Infoedge  (new 52 weeks high), Apollo Tyres –Adani Enterprises.
Securities ban
DLF – GMR INFRA – IBREAL – INFIAM – JP ASSOCIATES – RCO- REL CAPITAL.

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2 comments:

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