Wednesday, February 22, 2017

Market out look 22nd Feb 2017.

Market out look  22nd Feb 2017

Nifty : Now we may consider support 8850-8860 and resistance 9000 mark and it looks that in coming days it will cross 9000 and above. Closing above 9100 major up side and few months it will test 10000 mark. 

Bank Nifty : 
After break out of 19276 almost added 1800 points and closed near to 21000 which is the last leg of resistance. As long as DIIS buying continue in the market and some support also by FIIS resulted another 1000 to 3000 points rally ahead. In coming days major rally will be contribute in Axis Bank, ICICI Bank, Indus Bank, SBI which is not participated till yet.
As expiry week some observed as under : 

Long side :- HCL Tech and Titan
Long Unwinding :- Hexaware, Indus Bank, ambuja Cement
Short Covering : Godrej Industries, Granules
Short Side :- Cairn and ITC

Delivery Volume : 
Last few trading sessions major delivery volume were observed which a very higher against average volume of 5 days like, Tech Mahindra and Lupin which indicate some smart buying goin on.
Stock to be watch out t22nd Feb Trade : M&M Finance : Strong on chart and once break out happened successfully big

3M TEAM RESEARCH PVT.LTD.
Cell No. 9630466296
www.3mteam.in 

2 comments:

  1. BOOK PARTIAL PROFIT IN BANKNIFTY 20600 PUT , T1 ACHIEVED
    FREE TRADING TIPS

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  2. Major Headlines of the day:

    • JSW Steel is frontrunner to buy Italy’s Ilva plant.
    • Shree Cement wins coal linkage of 60,000 tn/year at Rs970/tn.
    • Grasim Shareholders approve increasing FPI limit to 49% .capitalstars

    ReplyDelete