Monday, July 23, 2018

Equity Market – 23rd July 2018

Equity Market –      23rd  July  2018
Market Trend
Market ready for break out of Trading Ranger 10930 to 11080.  Once closed above 11200  - big rally towards 12000  mark in coming days.
As market are continue in trading range but strong support seen at lower level and broad based rally seen in market.  On the positive side Modi Govt  win a No Confidence mossion in Parliament, which fire the rally in market.  Over all trend is extremely bullish and any dip to buy side, on the positive front once nifty trading above 11080   time to long with stop loss.  Remain buy side.     
Nifty  Spot


Strong momentum seen on Friday from a lower level.  We may consider support nearly 10990-10960, once crossover and stay above 11030, upper side gate open towards 11080 which is a supply zone and time to watch this level because number of times it has face a selling pressure.
Over all trading range 10930 to 11080-1171.  Closed above 11200  major bredak through in nifty towards 12000  mark easily.  
Last week Trend
High
Low
Close
52W-High
52-Low
Nifty Spot
11030
10926
11010
11171
9685

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
10978
10968
10756
10589
10507
Nifty Future

Over all trend is bullish with consider support 10950 and 10930, upper side crossover 11045, over all buying in market towards  11100  and above.

Last week Trend
High
Low
Clos
Nifty Future
11074
10932
11025
Bank Nifty Future

Some support seen at lower level, with consider support 26800-26900, upper side resistance 27150-27200, successfully crossover upper side towards 27500-27750 likely.
Last week Trend
High
Low
Close
52-W High
52-W LOW
Bank Nifty Future
27233
26690
26929



5 DMA
10 DMA
20 DMA
50 DMA
100 DMA
200 DMA
26906
26888
26656
26465
25719
25618
FO QUESQ
.....................

PSU BANK INDEX
Over all trading range continue with consider support 2750-2700 range and upper side major resistance 2280  watch out and successfully crossover smooth run can not be ruled out.
Last week Trend
High
Low
Close
52W-High
52-W Low
-
2840
2737
2802
4335
2645

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
2772
2790
2874
2881
3252
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
Over all trend is bullish , however, after sharp rise and made a high near to 9450  sellilng pressure seen but already corrected substantially 500 points from the high so  any dip to buy side.  With consider support 8700  and resistance nearly  9080 to 9150 watch out in near term.  
Last week Trend
High
Low
Close
52W-High
52-W Low

9132
8725
8895
10130
7900

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
8848
9047
8797
8757
9077
Basket of Pharma  Stocks  :  PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.
CNX  IT
Over  all bullish  view and trading above all long term moving average indicate up move continue.  Last week, it was made a high again so any dip to buy side in front line IT stocks.
Last week Trend
High
Low
Close
52W-High
52-W Low

14771
14420
14701
14771
10388

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
14611
14500
13903
13465
12542
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.
XNX METAL INDEX
Over all bearish trend and last week it was again made a low of 520 week.   Any rise to sell side.  However, all stocks are entered in over sold region so at the current level bounce back can not be ruled out.
Last week Trend
High
Low
Close
52W-High
52-W Low

3288
3062
3092
4256
3047

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
3141
3240
3468
3585
3732
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 :
23rd July – ACC, Macdowell, Hind Zinc and Granules
24th July –Asian Paints, Hexaware, ICICI Pru
25th July –Tata Elexi, LT, JU Food, JSW Steel, Ambuja Cement, KPIT, BEL, OBC, Hero Honda, Can Bank
26th July – Yes Bank, Maruti, Dr. Readdy Chola, bioco, bharti Tele, CESC, ITC, petronent, COLPAL, Shriram Transport Finance
27th Uly  ICICI Bak, HCL tech, BOB, Equitus, M&M Finance.
Friday, July 20, 2018

Equity Market – 20h July 2018

Equity Market –      20h  July  2018
Market Trend
Tripple top formation  11080   continue resistance.  Holding 10930   bulls continue upper hand.
 Market are continue in trading range and   high volatility seen at higher level but unable to hold 11000  mark and finally it was unable to closed a bove 11000 level and closed nearly  10950 +.   Over all trading range and sharp decline to buy side and selling opportunity at higher level.    
Nifty  Spot


Resistance at  11000  to 11050  and support near 10900-10930  watch out, break down these level lower level target 10880 10850 and 10838   likely.
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 resistance 11050-11080  and higher level resistance continue, down side support 10942-10930-10900  and below major sell off can not be ruled out.

Last week Trend
High
Low
Close
Nifty Future
11069
10801
11020


Bank Nifty Future

Consider resistance  27000  to 27100 whereas the selling opportunity, down side support  26700-27600 watch out, holding bounce back can not be ruled out.
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   10800-11000
Highest call seen at 11100-11000
Pur writing seen-  10900-11000
Call Writing seen at –  --11000-11300
Long Side:    Titan, Reliance,  Bharti, Just Dial, Yes Bank
Short side :    Hindalco, Arvind, Cipla and Shriram Transport
Short Covering  :   KSCL
Long Unwinding   :    TCS, Biocon, Tata Elexi.


PSU BANK INDEX
Some support at lower level.  2780-2750, resistance around 2850-2880 watch our and reversal to sell side.  Some buying seen in front line PSU Bank stocks.
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 trend down.  However, at lower level buying opportunity.
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
Highly over sold counter and at that current level, best way to avoid any short sell and lower level to buy side.  
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.