Thursday, July 19, 2018

Equity Market – 19h July 2018

Equity Market –      19h  July  2018
Market Trend
Tripple top formation  11080   continue resistance.
 Market open with a good note but due to some political news from Delhi, major selling pressure seen and finally closed below 11000  mark, hwoever it has continue trading above 10930-10900 mark.  As long as holding positive bias continue but trade with cautious approach in market.   
Nifty  Spot


Higher level selling pressure continue.  Today consider resistance 11030-11040, down side support nearly 10925, break below more panic towards 10900-10888 and 10850 watch out.
Over all trading range 10930 to 11171  in short term, once successfully tradingabove 11200, major break out towards 11400 11500.
Last week Trend
High
Low
Close
52W-High
52-Low
Nifty Spot
11078
10816
11023
11171
9685

5 DMA
10 DMA
20 DMA
50 DMA
100 DMA
200 DMA
10958
10844
10790
10732
10562
10478
Nifty Future

Sell on rise arund 11030-11040  stop loss 11080 down side target 10950-10910.  Sharp panic do not play short sell and buy side.

Last week Trend
High
Low
Close
Nifty Future
11069
10801
11020


Bank Nifty Future

Consider support 26700-26600 range and resistance 26150-26200, once crossover only it will show power.
Last week Trend
High
Low
Close
52-W High
52-W LOW
Bank Nifty Future
27153
26606
26963



5 DMA
10 DMA
20 DMA
50 DMA
100 DMA
200 DMA
26871
26627
26554
26385
25632
25546
FO QUESQ
Highest Put at   10800-10600
Highest call seen at 11100-11000
Pur writing seen-  10800-10600
Call Writing seen at –  ---110000  significant writing seen
Long Side:    NIIT, KPIT, TATA ELEXI, Yes Bank,.  
Short side :      Ashok Leyland (1.20 crore shares short), Chola Finance, Bharti Tele, PNB.
Short Covering  :   ZEE – Hcl Tech.
Long Unwinding   :    Exide, Indus Bank.


PSU BANK INDEX
Over all bearish trend but some support also seen at lower level.  Time to trade front line stocks and do not excite any news from Govt or any channels to buy side.  Selling is a best strategy.
Last week Trend
High
Low
Close
52W-High
52-W Low
-
2865
2765
2778
4335
2645

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
2808
2789
2882
2900
3259
Basket of PSU Banks :   SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.
CNX Pharma Index
 Below 9000   short term weakness continue, however trend is bullish and major buying seen in front line pharma stocks.     So any dip to buy side.
Last week Trend
High
Low
Close
52W-High
52-W Low

9348
9142
9164
10130
7900

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
9244
9254
8776
8763
9085
Basket of Pharma  Stocks  :  PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.
CNX  IT
Over  all bullish trend and decline to buy side. 
Last week Trend
High
Low
Close
52W-High
52-W Low

14665
14141
14535
14654
10388

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
14383
14232
13785
10368
12443
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.
XNX METAL INDEX
Heavy sell off seen in all front line stocks and finally closed below new 52 week lows.
Last week Trend
High
Low
Close
52W-High
52-W Low

3396
3275
3296
4256
3147

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
3338
3345
3522
3627
3742
Basket of Metal stocks -    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.

Results Up ated :
19th July – Bajaj Finance, Bajaj finserve, Kotak Bank
20th july – Bata-Wipro-LT Finance, Havels, Bajaj Auto, Ceat, wipro HDF Life.
ZINC :
Up dated 
As yesterday we have clearly mentioned that avoid fresh short with consider support 170  and above 180  it will looks move  and major short covering as already over sold counter and finally made a high  181.50.   Beauty of this commodity every one are long at higher level and square up their long at lower level and bounce back, but we are continue advising to our clients to buy this commodity with a patience.   Today support 177-175  - Intra day decline to buy for target 190-195  in coming days with stop loss 175 on closing basis. Yesterday heavy short covering seen by way of 41427 contracts. 
Monday, July 16, 2018

Equity Market – 16h July 2018

Equity Market –      16h  July  2018
Market Trend
Buy On Dip  - stop loss long 10900-10930
Last  week we have seen strong rally which was almost 250 points from the low, however, due to profit booking on Friday  unable to hold higher level and selling pressure emerged and finally closed at 11020 mark.   However, market given a decent break out above 10929  to 11071.   Over all trend is bullish but last 250 points rally driven by of top 6 stocks and other stocks have not participated, whereas small and midcap stock heavy selling seen.  So type of moment, we can say that it will not continue in long run,  broad based rally with across the sector is looks major bull market, but this rally is driven by few stocks which is operated by vested interest and managed by Index.   So  take a cautious view and any trade should be stop loss.  
One study reveals that some FO stocks which is trading  when Nifty was 10600 are stock are below their price at the time of Nifty 11100  which are as under :  ICICI Bank 303-Can Bank 255-SBI – 280-Vedanta 240-Tata Motor 285-Tata Steel -585-HPCL 296-IOC-177-PNB-87-BOB-139-Sun Tv 944-Ashok Leyland 155 LIC 533 .
Nifty  Spot


Last week strong up move seen in market and nifkty added almost 240   points from the low and closed with a gained.  However, on Friday due to profit booking unable to sustained at higher level.  Overall trend is bearish with consider decent support 10900-10930 and any dip to buy side,  crossover and sustained above 11078 more momentum towards 11100-11171 likely test.
Over all trading range 10930 to 11171  in short term, once successfully tradingabove 11200, major break out towards 11400 11500.
Last week Trend
High
Low
Close
52W-High
52-Low
Nifty Spot
11078
10816
11023
11171
9685

5 DMA
10 DMA
20 DMA
50 DMA
100 DMA
200 DMA
10958
10844
10790
10732
10562
10478
Nifty Future

Today intra day decline to buy side with consider support 10950-10960 range and resistance 11030 to 11050 range.

Last week Trend
High
Low
Close
Nifty Future
11069
10801
11020

 
Bank Nifty Future

As big sell off seen in some of private sector bank  resulted closed below 27000 mark. However, consider support 26750-26800 are a good support and resistance nearly  27200, thereafter major upside towards 27500-27750.  
Trading range 26000 to 27200, trade and closed above 27200 upside open towards 27750-28000-28200-28500 in near term.
Last week Trend
High
Low
Close
52-W High
52-W LOW
Bank Nifty Future
27153
26606
26963



5 DMA
10 DMA
20 DMA
50 DMA
100 DMA
200 DMA
26871
26627
26554
26385
25632
25546
FO QUESQ
Highest Put at  10600-10700
Highest call seen at 11000-11200
Pur writing seen-  11000-10900
Call Writing seen at –  ---  11200-11100
Long Side:    Titan, Reliance, Bajaj Finance, Kotak Bank
Short side :     UPL – Zee, Axis Bank and Graim  
Short Covering  :  Kotak Bank, Tech Mahindra
Long Unwinding   :     CAPF
CNX PSU BANK INDEX
Over all bearish trend with consider resistance nearly  2850-2860  and crossover move towards 2900  +, down  side support nearly  2700-2690  and major spport area is 2650 watch out in coming days. As trading below all term moving average so any rise to selling opportunity.
Last week Trend
High
Low
Close
52W-High
52-W Low
-
2865
2765
2778
4335
2645

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
2808
2789
2882
2900
3259
Basket of PSU Banks :   SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.
CNX Pharma Index
As we are bullish in Pharma Sector and last week, it was made a double top formation and started down ward bias due to profit booking.  However, over all trend is bullish and trading above 100-200 DMA and other long term moving indicate any dip to buy side.  Over all next 2 years will be Pharma  Sector.
Last week Trend
High
Low
Close
52W-High
52-W Low

9348
9142
9164
10130
7900

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
9244
9254
8776
8763
9085
Basket of Pharma  Stocks  :  PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.
CNX  IT
Over all this sector looks very hot and we have seen in last three  months made a good return.  Trend is very positive and any dip to buy side.  All front line and mid cap IT stocks good and there is no indication to reversal from the current level.  On the chart, trading above all moving average indicate bullish momentum continue and any dip to buy side.
Last week Trend
High
Low
Close
52W-High
52-W Low

14665
14141
14535
14654
10388

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
14383
14232
13785
10368
12443
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.
XNX METAL INDEX
Over all trend is bearish and trading below all long term average so any rise to sell side. There is reversal trend seen at current level
Last week Trend
High
Low
Close
52W-High
52-W Low

3396
3275
3296
4256
3147

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
3338
3345
3522
3627
3742
Basket of Metal stocks -    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.

Results Up ated :
16th July   - HUL
17TH July –Ashok Leyland-Zee-Federal Bank
18th July – Ultratech, NIT-Mind Trew-Bandhan Bank, JK Tyre
19th July – Bajaj Finance, Bajaj finserve, Kotak Bank
20th july – Bata-Wipro-LT Finance, Havels, Bajaj Auto, Ceat, wipro HDF Life.
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