Friday, August 18, 2017

Major Resistance Nifty

Major Resistance Nifty
9940-9950 crossover No Open Short
Major support 9850 break down .. selling opportunity

Mrket Out Look   :       Market are consolidation range and support at lower levels and resistance at higher side.   Over all trend is sideways and any break out in either side,  we will see major up move in 100 to 150 points.    Banking stocks looks good and buy on decline,  FMCG are looking good and buy side,   Pharma stocks to avoid.  Metal stocks buy on decline strategy.
Nifty Spot  :       Trading range 9850-9950  weakness to buy side and  resistance to sell side.   Above 9950  very hot and move towards 10000-10046 and above.

Nifty Future  :         Consider support 9870 break and trade below looks selling opportunity, higher level resistance 9950-9955 thereafter major short covering in the market.
Bank Nifty Future  :     Higher level major sell off saw at higher level 24500 which is consider resistance level,  lower level support 23800-24000  holding these level , big movement in coming days can not be ruled out.
PSU Bank INDEX  :       Trend is again side ways with consider resistance 3400 and support 3200-3250 watch out.   Over all oversold and ready to move due to short covering.

Long side   :     Hexaware, HDFC   

Short Side :    Apollo Hospital, Power Grid, Reliance, Aurbindo Pharma, ICICI Bank, TCS, LT, Arvind Mills and many more
OI Spurt  in interms of Contract:
 BEML 1716 long side, HDFC   2510 long side, Reliance 3852 Heavy short saw,  Vedal  871 long side, Yes Bank 1468 short side, Tata Motor 1412 short side, Bank of Baroda 314 short covering.  Aurbindo Pharma 947 short side, Sun Pharma 875 short covering.
More details call
Thursday, August 17, 2017

Any Rise to Sell and Exit

Any Rise to Sell and Exit
Trend Reversal Above 10136

 More up side and cautious aapproach
At higher level.

Mrket Out Look   :     Last two trading sessions, strong short covering seen resulted up move and almost closed with a decent gained of more than 100 points.   Short term more up side and holding above 9850  and Bank Nifty 24300   more up side in the market. Time being fresh short avoid and play with market trend.
Nif ty Spot  :       Support nearly 9851-9810  and resistance 9945-9950 watch out, closed above 9950 first sign of trend reversal and recent low have been bottom for the time being.

Nifty Future  :     Consider support  9850-9860 whereas to a good support and buying opportunity, resistance 9940-9950 watch out.

Bank Nifty Future  :     Finally broken resistance level 24300 and closed above indicate some more up side in coming days with consider support 24310 and near term resistance 24700-24650 watch out.
PSU Bank INDEX  :      Yesterday low a very crucial of PSU Index and Psu Banking stocks like, SBI, Can Bank, Bank of Baroda, PNB, Union Bank, OBC and man more.   Close eye yesterday low, if not break short covering likely.
Long side   :     Hero Motor, Ashok Leyland, VEDL, Bank of Baroda, HDFC, LIC and ITC

Short Side :    Havells, LT, Reliance, Yes Bank and Bio con.

OI Spurt  in interms of Contract:
 Biocon 1688 short side, Ashok Leyland 1283 long side, YES BANK 2284 short side, SBI 1354 long saw, Tata Motor 1074, short covering, PNB 1457 short covering, ITC 1353 short covering, Bank of Bank 964 long side, ICICI Bank 863 long side, Hindalco 538 long side, Petronet LNG 21  short covering and many more.
More details call
Friday, August 11, 2017
Nifty Taken Support 9775
Break these level – major panic on card
Otherwise  ………….?
Mrket Out Look   :   Market are continue in selling mode and intra day panic selling saw in market and resulted sharp decline and some smart move on intra  day, however closed with a negative bias.  Short term trend is down and time being fresh long avoid and rise to sell side.
Nifty Spot  :   Consider resistance 9830-9850  crossover only it will show strength, down side support around  yesterday low 9775 and break these level down side target 9725-9700, thereafter big fall in market can not be ruled out.
Nifty Future  :     Higher level resistance continue 9850-9860 reversal to sell side.
Bank Nifty Future  :    Consider resistance 24450-24500  and support 24180, break this level more down side towards 24000. SBI result likely a big role play.
PSU Bank INDEX  :     Resistance at higher level 3500-3510, down side support 3400  break down real panic will be start.
Long side   :     Britiana Ind. Pidlite, TCS, Hindalco.
Short Side :    Aurbindo pharma, PFC, BHEL, Sun Pharma, Tata Motor, Dr. Readdy Lab, Bank of Baroda
Short Covering  :    LT, ITC, Canfin Home, Infosys.
OI Spurt  in interms of Contract:
 MothersonSumi 384, Tata Motor 6265 (short side) Bhel 1337 (short side), Sun Pharma 2671 short side, SBI – 671, HDFC – 243, DLF – 2228 Long exit, Dr Readdy Lab 1317  fresh short.

More details call
Thursday, August 10, 2017



As mentioned yesterday and today market turned

time being bearish and do not try to bottom  fishing or any long call except heding strategy.

More down side likely in coming days.........