Friday, February 16, 2018

market update

market out look....

ifty

over all bearish trend and no need to long side and bottom fishing.......
consider support 10400  break down will trest 10300  which  was last swing low thereafter heading towards 10033.

Bank Nifty
after consolidation to ready to break down trading range which is placed at 25200
now closed nd below down side target 25000  thereafter 24800 24500 2400
till expiry of feb.

Hold  short.
wait Deptt.
www.3mteam.in
Cell No. 9301302732 (also whatsapp)
youtube channel
https://goo.gl/v3h6pN

market update

PNB

Big down side from the high
do not try to bottom fishing.
RBI instructed to pay Rs. 11000 crores  + to other banks resulted complete wipe out profit + Reserves  .

Trade and sustained below
125 down side open towards 
70-75 range.   
Your stop loss............?

Buy At the Money put option
with stop loss.............

market update

Market out look dated 16th feb

Market are volatile and  good trading opportunity
if market dip to buy side and sell on rally is a best strategy.   Index playing seen in market and higher level distribution.

Nifty  : Resistance continue upper band 10600-10650 as long as remain below
down side 10500 and 10480, break down these level more panic towards 10400 easily.

Resistance crossover  10650 some short covering towards 10700 10725
which is 50 % entrancement level of  last rally.

Bank Nifty....
Resistance continue around 25600-25700 and support nearly 
25200   break below open gate 25000-24800-24500  possible.

Highest Call    11000 and 11100
Highest Put   10500     10000

Call Writing 10650   10750 11000

Put Writing    10400 10500 10600

OI ANALYSIS.

PNB   - Short added 63 lacs
Voltas s   - short added 
Tisco   - short  34 lacs
Yes Bank  -    48 lacs short
Sun Pharma    short 15 lacs
Reliance     12 lacs short
VELD   - short colvering 1.90 lacs
SBI   short side 50 lacs
Can Bank   short covering 6.88
Dr Readdy  - fresh short added

and many more 
Thursday, February 15, 2018

market update

Market out look dated 15th feb

Over all trend is down and any bad news more
panic on the card.   

Today support 10450, break down more down side towards 10400   and 10350 10333 likely, on the higher side resistance 10600-10650 continue in short term.

Bank Nifty.....
Trend is down and likely test again recent low 25000   +
Today resistance 25500-25600 range and support 25200
break down more pain towards 25000    
Major support nearly 25000-248000

Avoid any bottom fishing.