Wednesday, October 18, 2017

Market out look 18th Oct 2017



Nifty Above 10200 target 10500 10700
Bank Nifty – Above 25200 target 26500 +

Due to long weakend –
Time for consolidation
Trade Low volume

Diwali Gift  Call Closed
Bharti Tele 400 to 470
DHFL  - 530 to 600

Market out Look   :           Market are continue to making new high and over all trend is bullish but time to pause and consolidation time as long weekend due to Diwali Festival.   Best way to no fresh trade on today trading and profit  booking is a best strategy and money at home and enjoy.   Wish you happy and prosperous Diwali.
Technical Out Look
Nifty  :      Consider support   10200-10180, resistance 10250 10280 10300
Nifty future  :      Buy on decline around 10200-10205 with stop loss 10150 target 10250-10280
Bank Nifty Future :         Bank nifty continue in bullish trend , however almost 900 points rally seen in last few trading sessions.  We may consider support  2480-24500  range and resistance 24850 24900.   Time to book profit and left for trading for Monday with a new zeal,
Metal Index    :       Up move continue with consider support 3800 and resistance 3875-3900 range.   Buy on decline strategy of front line metal stocks like, Tata Steel, Hindialco, VEDL, Hindustan Zinc.
 Pharam Index     :        Consider support 9300-9350 range and up side open towards 9800-10000 mark.  Dr Readdy Lab Sun Pharma, Aurbindo Pharma, Cipla, and Divis Lab very hot and any dip to go long side.  Very Hot.
PSU Bank Index     :           Trend is down but now over sold  and some recovery in front line PSU bank likely.  Consider support 3000-2950 and resistance 3080-3100  in near term.  Some short covering likely.
Long Side  :      ACC, Bajaj Auto, DLF and Hindustan Zinc.
Short Side :       Zee, Star, Axis Bank and Mothersonsumi.


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9630466296
Tuesday, October 17, 2017

Market out look 17th Oct 2017

Market out look  17th Oct 2017


Nifty Above 10200 target 10500 10700
Bank Nifty – Above 25200 target 26500 +

Due to long weakend –
Time for consolidation
Trade Low volume Trade

Market out Look   :          Market are continue in bullish trend and almost all sector are participating specially Metal are showing major strength and up move continue.  However due to vacatgion and Diwali festical we expect that time for consolidation and there is no big up side in next two trading sessions, however, some profit booking can not be ruled out.  Now time to some profit at home on the eve of Diwali Festival and major trigger and result after weakness over.
Technical Out Look
Nifty  :      Consider support   10150-110170  and resistance nearly 10250-10270  crossover more up side but sudden profit booking in the market likely.
Nifty future  :      Buy on decline around 10200-10205 with stop loss 10150 target 10250 10280 10300.  Trade and sustained above 10200 strong positive bias in market.
Bank Nifty Future :        Smart recovery seen and a very short term 800 points rally which is mainly lead by HDFC Bank, Kotak Bank and Axis Bank.  Trend is positive and last and final resistance 25200 thereafter major up side and broad based rally in all banking stocks including PSU bank which is laggered at current level.    Now time to pause with consider support 24500  and below time to sell side.
Metal Index    :      Metal stocks and Index continue out perform which is lead by Tata Steel, Vedl and Hindalco.   Over all up move continue as commodity price in world wide trading their new high.  Consider support 3800-3790 and resistance 3850-3860 watch out.
 Pharam Index     :        Consider support 9300-9350 range and up side open towards 9800-10000 mark.  Dr Readdy Lab Sun Pharma, Aurbindo Pharma, Cipla, and Divis Lab very hot and any dip to go long side.  Very Hot.
PSU Bank Index     :           Trend is down but now over sold  and some recovery in front line PSU bank likely.  Consider support 3000-2950 and resistance 3080-3100  in near term.
Long Side  :       Federal Bank, M&M  , M&M Finance and many more
Short Side :      DCB Bank, Indus Bank Colpal and godrej Industries.
Stock of Month   :   Bharti Tele….Yesterday move 30 points.

More details call
3M Team Research
9630466296-9203901698
Monday, October 16, 2017

Market out look 16th Oct 2017

Market out look  16th Oct 2017


Nifty Above 10200 target 10500 10700
Bank Nifty – Above 25200 target 26500 +

Market out Look   :        Last week market out perform and almost gained more than 187 points and made a new high 10191 which indicate trend have been change in near term till no bad news from geographical side.     Over all strong buying forces seen and major role played by Bank Nifty which is lead by HDFC Bank. On the other hand RSI is still well above 60 level and no sign of over  bought zone and no sign of reversal and  up side continue likely till Nifty holding 10000-10050 mark.   Trade and sustainable basis above 10200  minimum 300 to 500 points up move. Next week only 3 trading sessions due  Festival of Deepawali.
Technical Out Look
Nifty  :      Consider support   10150-10120 range and up side sustained above 10191  up side open towards 10240-10250.
Nifty future  :      Any decline to buy side with consider support nearly 10100-10120 range and up side above 10200   more up side.
Bank Nifty Future :        Smart recovery seen and a very short term 800 points rally which is mainly lead by HDFC Bank, Kotak Bank and Axis Bank.  Trend is positive and last and final resistance 25200 thereafter major up side and broad based rally in all banking stocks including PSU bank which is laggered at current level.   
Metal Index    :      Metal stocks and Index continue out perform which is lead by Tata Steel, Vedl and Hindalco.   Over all up move continue as commodity price in world wide trading their new high so there is not chances of weaknss and any dip to buy side.  We may consider support  3700 and 3650, resistance 3800 watch out.
 Pharam Index     :        Consider support 9300-9350 range and up side open towards 9800-10000 mark.  Dr Readdy Lab Sun Pharma, Aurbindo Pharma, Cipla, and Divis Lab very hot and any dip to go long side.
PSU Bank Index     :          Trend is down but at current level showing over sold region.  On the other hand Bank Nifty are ready to made a new high so all PSU bank will also participated in coming days.  At current level or any dip to buy side.  Our best pricks  SBI, Bank of Baroda, Can Bank, and PNB.  Small PSU bank should be avoid.
Long Side  :      Bharti Tele,  MCX, IVR,  KTK, Federal Bank, Axis Bank, HDFC Bank, DCB Bank and many more.
Short Side :    Relcom : Infieam.
Stock of Month   :   Bharti Tele – After 8 years consolidation major break out, minimum target 600 +

More details call
3M Team Research
9630466296-9203901698
Friday, October 13, 2017

Market out look 13th Oct 2017

Market out look  13th Oct 2017

High Volatile Market
Over reacted market due to planned way
Whereas other world market silent.

Crossover yesterday high and hold
Prepare for new high.

Nifty Above 10200 target 10500 10700
Market out Look   :        After sharp decline and big jerk market almost recovered but over all indicate that our market are pre mature and  any bad news or planned news reacted sharply whereas to jerk in other  world market.  Now we request to SEBI please attention this matter.     Heavy buying and short covering resulted market closed above 10100 mark and looks that buying flow continue in market and we are heading towards new life time high.  Once weekly closed above 10200,  minimum 300 to 500 points rally on the card. (Trading range 9700 to 10200 for a long time)
Technical Out Look
Nifty  :      Consider support 10060-10050 and any dip to buy side, above 10100  on sustainable basis up side towards 10143-10178.  Major resistance 10200, thereafter big move likely.
Nifty future  :      Consider support 10074 and far support 10050  for any long position in Nifty Future.  Crossover 10120 up side towards 10180  and 10200 likely.  
Bank Nifty Future :          Smart bounce back and previous day losses almost covered and managed to hold 24400 mark.  Now consider support 24200-24250  and resistance exit 24120m crossover 24500-24611-24750 posibile.  
Metal Index    :         Sharp come back from the lower level and major gainer of Hindalco , JSW steel.   Now decent support 3650=3600 range and crossover 3750 and sustained above big move can not be ruled out.
 Pharam Index     :         Trend is positive  bias likely continue as long as remain hold 9300, up side resistance 9500-9600 .
PSU Bank Index     :          Trend is down but over sold market and number of stocks trading near to recent low which indicate short term up side likely.  We may consider support 2950 and resistance 3050 watch out.    Can Bank, SBI, Bank of Baroda, Union Bank, PNB  good opportunity on both side.   On weakness to buy and sell on resistance level.
Long Side  :      NBCC, Hindalco, TCS, Indus Bank, Reliance and Tata Motor
Short Side :    PFC, Grasim, Bank of India and OBC,

More details call
3M Team Research
9630466296-9203901698