Friday, September 22, 2017
Market out look  22nd  Sept. 2017


  Trend is Bullish
But Resitance – 10180-10200

Market out Look   :       Market are continue in trading range but unable to crossed major resistance level and heavy selling seen during the market hours and made a low 10058 but managed to closed above 10100 mark.   However, trend is bullish till Nifty not closed below 10000 mark, higher level selling pressure likely continue.  Yesterday, Pharma sector again in lime light, but selling seen in Banking, FMCG, IT and Metal segment.
Technical Out Look
Nifty  :   Consider support   10050, trade and sustained below selling pressure,    higher level  resistance continue towards 10140-10170-10200 range.  Successfully crossover 10200  major upside towards 10300,   Over all view of Nifty is positive as long as stay above 9970-10000 mark.,  
Nifty future  :        Long term trend is up but short term trend is down. Now consider resistance 10170-10180  reversal to sell side.
Bank Nifty Future :          Over all trend is positive and ready to test new high but at higher level choppy ness continue and major selling were saw in the market.  Upper side till not cross 25050-25080 level sell on rise strategy continue.  Down side support 24800 watch out, break and closed below, be prepare for deeper correction.  On the upper side above 25100, expect rise towards 25400 25500 mark.
Metal Index    :           Holding above 3600   overall looks good and resistance continue towards 3700
 Pharam Index     :         Trend is very bullish and over all buying seen in all pahrma stocks.   ON the other it is also managed to hold 9300 and closed above 9600,  looks buying move continue towards 9900-10000 mark in coming days.
PSU Bank Index     :     Decent support around 3200 watch out, resistance 3300-3310 watch out.

OPEN INTEREST ANALYSIS :
Long side  :        Trend Ltd, Ajanta Ltd, Wockhard, TCS, Tech Mahindra
Short Side  :       Yes Bank,  Indigo, Telco, Reliance Capital, ACC, ACC, Voltas, ICICI Bank.
 OI  SPURT          Torrent pharma long side 307, Wockhard long side 2.84 lacs, Dr. Readdy  short covering 1.54 lacs, ICICI Bank, short side 7.967 lacs, Tata Motor short side 7.42 lacs, Tisco, short covering 4.44 lacs, Century Textile short covering 12.93 lacs, SBI short side 32.58 lacs, HPCL short covering 7.10 lacs, BPCL, short covering 4.69 lacs   ACC short side 38800. Ajanta Pharma long side 1.11 lacs

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Thursday, September 21, 2017
Market out look  21st  Sept. 2017

  Trend is Bullish
Support 10100  - Above 10200  very hot

Market out Look   :       Market are continue in trading range but trend is bullish and any dip to buy side.  Last few sessions almost small trading range and looks that it will break out this range thereafter more up side.  If you have long side, keep a stop loss 10050 and any fresh long only above 10200.   Major concentrate stock specify.     Pharma and Housing sector looks good and buy side.
Nifty  :   Consider support 10134 and 10115-10100, resistance 10180-10200, trade and sustained above sharp pull back likely.   
Nifty future  :      Consider support 10100-10110, and resistance 10190, crossover major short covering likely.  Major weekly support 9700.
Bank Nifty Future :           Trading range continue with consider support 24900-24950, higher level resistance 25200, thereafter more up side.  Major weekly support 9700.
Metal Index    :           Holding above 3600   overall looks good and buy side, resistance at higher level 3700 watch out.
 Pharam Index     :         After sharp up move 600 points some profit were saw in the market   now consider resistance 9500-9550
PSU Bank Index     :     Decent support around 3200 watch out, resistance 3300-3310 watch out, thereafter heading towards 3400 3450-3500 likely.
OPEN INTEREST ANALYSIS :
Long side  :      South India Bank, Nalco, KTK Bank, Tata Steel, Apollo Tyres
Short Side  :       Hindalco, CG Power, India Cement, Hero Motor etc.
 OI  SPURT          KTK Bank long side 18 lacs, South India Bank long side 1.50 crores,  India Cement short side 18 lacs, Hero Motor short side, Tata Steel long side 14.68 lacs, Hindalco 29 lacs short side, Tata Motor 5 lacs long side, ISBI  short covering 26.40 lacs, Bharat Finance short covering.

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Wednesday, September 20, 2017

Market out look 20th Sept. 2017

Market out look  20th Sept. 2017


  Trend is Bullish
Support 10100  - Above 10200  very hot

Market out Look   :       Market are continue up side but higher level some profit booking seen but trend is bullish. However, market closed yesterday level which indicate indecisiveness.    Over all trend is bullish and any sharp decline to buy side.
Nifty  :   Consider support  10135-10100  and crossover 10190-10200   major up side and short covering on the card.    
Nifty future  :        Any decline to buy side with consider support  10100-10110  and resistance 10190, crossover heavy short covering towards 10250 10300.
Bank Nifty Future :           Overall trend is continue bullish with consider major support range 24800-24900  and resistance 25100-205200  crossover more up side.
Metal Index    :          Holding above 3600  overall looks good and resistance 3700-3710.
 Pharam Index     :         Lower level decent support 9000-9100  as long as hold this level, buy on decline strategy continue.  
PSU Bank Index     :     Decent support around 3200 watch out, resistance 3300-3310  crossover more up side.
OPEN INTEREST ANALYSIS :
Long side  :        MGL,  IGL, Gail, Petronet,  HPCL, Equitus and Tata Motors
Short Side  :        Indigo, HDFC, SBI, PNB and OBC.
 OI  SPURT         BEML   long side 1867,  GAIL long side 683,  HPCL short covering 1990 contract, ITC   short side 45 lacs, SBI short side 25.53 lacs, HDFC short side 3.21 lacs, Lupin Long side 6 lacs, Reliance long exit 1153, Axis Bank short covering 14 lacs, ICICI Bank, short covering 4.86 lacs, Tata Motor 75 lacs short covering and many more
  

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Tuesday, September 19, 2017

Market out look 19th Sept. 2017

Market out look  19th Sept. 2017


  Nifty Above 10140
Bullish break out – upper side
Target 10200 10250-10450

Market out Look   :       Market are finally break out and over all buying were saw in market.  Trend is strong bullish and hold long position .  Intra day any decline to buy side and up move continue.
Nifty  :   Consider support  10135-10100  and crossover 10171, upper side target 10200-10240-10250   
Nifty future  :        Any decline to buy side with consider support 10140-10100, above 10200  up side target 10250 10300. Major weekly support 9700.
Bank Nifty Future :           Overall trend is continue up side and   holding above 25000  major break through in banking stocks and buy side.  Concentrate mainly   Axis Bank,  Yes Bank and HDFC Bank.  Major weekly support 9700.
Metal Index    :           Holding above 3600   overall looks good and buy side, upper side above 3710   more up side.
 Pharam Index     :         After sharp up move 600 points some profit were saw in the market   now consider resistance 9500-9550
PSU Bank Index     :     Decent support around 3200 watch out, resistance 3300-3310 watch out.

OPEN INTEREST ANALYSIS :
Long side  :        Just Dial,  Jubilant Food, Bajaj Auto,  
Short Side  :       ITC, SBI,  Repco Home .
 OI  SPURT         Just Dial  long side 1149,  Bajaj Auto long side 1543,  ITC short side 3378,  Axis Bank  long side 2416, SBI  short side 3166, Tata Steel short side 1030, ICICI Bank short side 1179, Yes Bank long side, BPCL short covering and many more.
  

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