Friday, February 17, 2017

Market trend – 17th Feb, 2017.

Market trend – 17th Feb, 2017
Market are continue in narrow trading range between 8700 to 8820  till not break down in either side, avoid trading in Nifty and wait a side line.   But sonner or later it will be cross and minimum 150-200 points move in either side.   However, chances are up side is possible looking to Thursday market trend.
Bank Nifty also looking  a  same direction between 2000 to 20450.  For smart and swing traders can trade on buy side at support level and sell side at resistance level and can make money in agood way.
We have observed as under :
Long Side………….JP Associates, DCB, Ceat Tyres
Exit Long………..Asian Paints, ITC, ICICI Bank
Short covering…. Infosys, Reliance, Arvind Ltd and Aurbindo pharma.
Some stocks to be watch out for trading purposes accordingly to market direction.
Axis Bank
HDFC Bank
SBI
ICICI Bank
Bharat Forge
Century Textile,
Tata Steel
VEDL
Hindalco
Ujjavin

In Option Front   - Concentrate Nifty Strike Price 8700 and Bank Nifty 20000.

And many more.

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2 comments:

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