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| Today's Pre Market | 17 NOV 2014 | Market Startup | Market Trend |
Market out
looks....
Trend are
good and positive mode......
As long as
Nifty hold 8290 in spot basis. there is no problem
in bull
market and ultimate target are 8600-8700 in the month of novemember and 9000 in
next one or two months.
Bank
Nifty....
also looking
hot with consider support are 17200-17000 range, as long as hold this level we
expect to test 18000 in the month of November.... Over all trend are bullish
and E Wave target forcast nearly 23000 + in coming months.
IT stocks
also looks good and break in IT Index resulted
buying
opportunity in TCS, HCL Tech, Infosys, Wipro, Hexaware etc.
Steel stocks
some consolidation mood but Tata Steel given a break out so buy side...
Pharma ....stocks
time for consolidation. Biocon likely under perofrm in this sector...
Reality
Index......Ready for break out.... HDIL, IBREAl Prestige Estate and Sobha
Developers are good and any decline to buy side. DLF, UNITECH to avoid at
current lvel.
Capital
Goods......LT likely ready to move but BHEL some weakness liekly.
Telecome
stocks...Play for market leader like Bharti.... consider decent support 380
mark.....and ready to verge of break out, thereafter sharp move 15-20 points
easily.
Coal India....up
move continue but real stregnth show above 372.
More up
dated wait.
Commodity
Market up dated....
Gold and
Silver last trading on Friday sharply move were saw and almost last three
months closed with highest gained due to depreciation of rupee and weakness in
Dollar buying were saw in the precious market.
However,
trend are down, some steams are still left, thereafter it will come down again
in northward journey..... So be cautious at higher level.
Gold.....Week
to week gained almost 1100 points and closed at 26466. We may consider
resistance 26750-26800 and support are 26000....below sell side.....
Keep a stop
loss....and sell for target 25500 in near term.
Silver....Short
term trend up once it was break out above 35000 and finally made a high 36266
and managed to closed at 36000 mark. Trend are down and sell on rise strategy.
We may
consider selling point around.................and sell with stop
loss...........for tqarget 2000 + points in near term....
Copper....Trading
continue and we can expected sooner or later it will break out.....with
consider support 395-390 and resistance 420.....Trend is down and sell
side......
Crude.......Weakness
continue and very near to long term support ...once break down this support
.....expected it will come down below 4000 mark easily in few sessions.....
However, RSI
showing highly oversold zone so at the current level shorting is not a good
idea......keep a patience and wait for rise and sell side for 300 to 400 points
from the higher level.
Natural
Gas......Selling pressure continue it was broken support level 270 mark...Now
we may consider resistance 260-262 range and support 240 range...
.....................................................................................................
TODAY’S COMMODITY MARKET | 17 NOV 2014
TODAY’S STOCK MARKET | 17 NOV 2014.
.....................................................................................................
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