Friday, August 17, 2018

Market Trend : 17th August 8 2018

Market Trend   :     17th August 8 2018

Break out Target 11200-10000 = 1200 Target 11200 + 1200 =Projected Target 12400 +
Bank Nifty  : Trading Range 27164 to 26060  (Break out Area) 27164- - 26060 = 1104 Upside projected 27164 + 1104 = 28268  (Upside projected Target) –
Our Projected Target 28268  - Last Week achieved made a High – 28386

  Trading Range  11300 to 11500  - Closed above 11500 – ready for fresh move.
 Yesterday high is a very crucial.
 As market open with a bearish note but intra day some recovery seen  but last hrs of the day heavy selling seen in Banking stocks and finally closed with a red note of 50 points of Nifty. However  trend is still remain bullish as long as Nifty hold 11200-11300 range once crossover 11500, strong up move possible. Today crossover yesterday high very bullish or decline any dip to buy side.  No short sell.
Nifty Spot  : 
Over all consolidation, hold yesterday low 113600-11350 range and trading above 11400, another up move cannot be ruled out.
Nifty Future  :
Intra day some selling seen and made a low 11370, now consider support 11350-11300, upper side resistance 11422,crossover with volume sharp move towards 11460, thereafter 11500 and above.  Strength above 11505, thereafter big move.
Bank Nifty  :
 After break a 28200, overall selling seen in Bank Nifty future.  ON the other hand highest call are hold 28000 which is a short term resistance and 27500 highest put hold which is also a short term support level.  So some more days to time for consolidation
CNX PSU BANKS     :
Over all selling pressure continue after SBI Result.   Now consider resistance 3200-3250 and support nearly  3100  break below more down side.
CNX IT    :
Very bullish trend and fresh break out seen above 14731 and finally closed above 15000  mark, so any dip to buy front line stocks.
CNX Pharma  :
Strong bull  seen in last few weeks and after made a low 8724 it was made a high 9558 and finally it has also break out trding range which was 9470 to 8724  = 724 points on chart.  So projected target in near term 9470 + 724 = 10194  likely .  On the other hand trading above on weekly chart i.e. 10000 and on sustainable basis, big   towards 12000 and above.  So any dip to buy side and after a long term consolidation of 3 years looks over and ready to big big move in pharma sector.   
 Finally it was closed above 9600  after a long time so buy front line stocks  and likely test 10000 mark.  
CNX Metal  :
Over all trend is side between  3300 to 3500    weakness to buy side.    Concentrate only front line stocks.
3M Team Research
325  Millindia Manner, RNT Marg, 
INDORE MP   452 006
9630466296-
 .

Thursday, August 16, 2018

Market Trend : 16TH August.

Market Trend   : 16TH August.
  Nifty Hold Support 11200 up side open towards 11500 
Break out Target 11200-10000 = 1200 Target 11200 + 1200 =Projected Target 12400 +
Bank Nifty  : Trading Range 27164 to 26060  (Break out Area) 27164- - 26060 = 1104 Upside projected 27164 + 1104 = 28268  (Upside projected Target) –
Our Projected Target 28268  - Last Week achieved made a High – 28386

Trading Range  11300 to 11500  - Closed above 11500 – ready for fresh move.
After two days of weakness, on Tuesday market again up move and over all across the sector buying seen  which isled by  Private Sector Banking and short covering front line stocks.  However, such types of recovery looks that momentum very strong and any sharp fall, smart money are waiting for enter in the market.
Rupee  : 70  : On the other hand, depreciate of rupee is major concern and first time it was cross and closed above 70 mark in India history.  Weakness in ruppe major concern for importaer and oil bill resulted trade deficit increase and all import based industries would suffer.  On the positive front export based industries like IT and Pharma companies will benefit whereas most revenue come from Dollar.    On a technical side, last resistance 71, thereafter big move cannot be ruled out which will   major cause of concern in our market.  So it will be necessary for RBI to intervene and purring dollar.
Nifty Spot  :                                                                                                                                 
Reversal seen from lower level and finally managed to hold 11340 mark. Over all trading range 11350 to 11500, break out either side, sharp move cannot be ruled out.  Lower level does not short side.
Nifty Future  :
Some positive bias seen and on intraday decline up to 11420-11400 decent opportunity to buy side, upper side resistance continue 11505, once crossover, major short covering and fresh buying cannot be ruled out.
Bank Nifty  :
 After made a low 27825 strong come back and it was made a high 28098 and finally closed near to days high.  Over all consider support 27750-27800 range and hold above, up side towards 28150-28350 possible.
CNX PSU BANKS     :
Over all selling pressure continue after SBI Result.   Now consider resistance 3200-3250 and remain below down side open towards 3100 and below.
CNX IT    :
Very bullish trend and fresh break out seen above 14731 and finally closed above 15000  mark, so any dip to buy front line stocks.
CNX Pharma  :
Strong bull  seen in last few weeks and after made a low 8724 it was made a high 9558 and finally it has also break out trding range which was 9470 to 8724  = 724 points on chart.  So projected target in near term 9470 + 724 = 10194  likely .  On the other   hand trading above on weekly chart i.e.  10000 and  on sustainable basis, big   towards 12000 and above.  So any dip to buy side and after a long term consolidation of 3 years looks over and ready to big   move in pharma sector.   
 As we are continue mentioned in this column that any dip to buy side and last two trading session almost gained more than 400 points, which is lead by Sun Pharma, Auro Pharma, Dr. Readdy Lab, Lupin.    Very bullish and ultimate target 10000  mark.   Fresh break out Sun Pharma , ready for big move.
CNX Metal  :
Overall trend is side between   3350 to 3500 3520 range, once break out in either side, we will see sharp move in metal stocks.  However, depreciate of rupee is also a cause of concern in metal stocks.
Happy Trading Hrs.
For Feedback/clarification/quarry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296-9009932996
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 3M Team Research
325  Millindia Manner, RNT Marg, 
INDORE MP   452 006
9630466296-        


Tuesday, August 14, 2018

market Trend 14th August 2018

Grasim   -   Higher level resistance 1025-1030, not cross and sustained below, after result prepare for sharp fall.

Sun Pharma  - Before result already subdues, however, consider support 550 and resistance 590.   Trend will be change above 590.  Major support 530-535 – if sharp decline to buy this level for target 700 +.   Lower level do not think short sell.

IDIBI Bank  - Decent supply zone 64-65  to sell side.   Only sell side, do not try to bottom fishing. After good news of takeover by IDBI, no movement. 
Monday, August 13, 2018

Market Trend : 13 th August 2018

Market Trend   :
  Nifty Hold Support 11200 up side open towards 11500 
Break out Target 11200-10000 = 1200 Target 11200 + 1200 =Projected Target 12400 +
Bank Nifty  : Trading Range 27164 to 26060  (Break out Area) 27164- - 26060 = 1104 Upside projected 27164 + 1104 = 28268  (Upside projected Target) –
Our Projected Target 28268  - Last Week achieved made a High – 28386

Now Time to  Some Profit at Home for Family
Bearish view in short term.  – Book Profit of your long position. Fresh long avoid.
New Life Time high once again made a last week 11495 but unable to hold at higher level and finally after profit booking closed at 11430.   Trend is strong bullish but every higher level   chances of  sharp correction in market cannot be ruled out.  However, fear  in the market continue but we  may play with market trend and trend is bullish so we cannot go against trend.  So play with the trend with proper stop loss.  If we want to good money in short time against other deposit segment, so stay with equity market and make money .  As SBI result out which was disappointment looks more selling pressure in Bank Nifty.
Nifty Spot  : 
Trend is very bullish as market are entered in unchartered terrority . Last week it was made a high  11495  and finally closed  at 11430.   Trend is bullish but time for consolidation and wait for break out at upper level.   However, our first target 11500 has been achieved in last week.  So any big move if Nifty crossover 11500  on sustainable basis.