Monday, July 17, 2017

Market out look daily 17th July, 2017



Market are buying mode in continue
Hold Nifty 9800 – very strong
Bank Nifty – Above 24000  - next big move.

Mrket Out Look   :    Market are continue in upward  mode and moving continue towards 10000 mark in coming days.  Apart from the Index concentrate Individual stocks and lots of stocks are short covering due to FIIs.  
Nifty Spot  :   Consider support  9800-9810  and resistance 9920 crossover towards 9950-10000 mark. 
Nifty Future  :   Decent support 9850-9810  resistance 9910  above major up side likely.
Bank Nifty Future  :   Trend is very bullish and closed above all time high with decent added open interest indicate more up side in coming days. Time to buy above  24000 for target 24200-24400-24500 in coming days  as a lot of Pvt. Sector Banks are coming out results.
PSU Bank INDEX  :     As we written in this column that over sold and any short should be avoid. Consider resistance 3520-3530 and sustained above broad based buying in PSU Bank stocks.  Friday smart buying seen in SBI, PNB,  Bank of Baroda, Orient Bank, Canara Bank and Indian Bank.
Long Side      : DCB BASNK, KOTAK BANK, CAN BANK, CHENI PETRO, RELIANCE,
Short Side     : TCS , BPCL, ONGC, IOC, PETRONET.
WEEKLY OI GAINERS :
Long  Side  : Kotak Bank, OBC, HUL, PTC BIOCON
Short Covering :   Ashok Leyland, PNB, Sun Pharma, IDEA
Short side :  Ajanta Pharma, Colgate and LIC Housing.  

Highest Call   ---Infosys 1000, TCS 2500 LT 1200 and HPCL 380
Highest Put – TCS 2400, Yes Bank 1500, HPCL 360 Reliance 1520

More details call
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