Friday, May 12, 2017

Market out Look for 12th May 11, 2017

Market are in bull zone and finally taken out successfully 9370.  So   trading above up side continue in the market and stock specify movement likely continue.  Yesterday,  Auto good demand and almost major stocks closed with 52 weeks high.

Nifty – continue support  9400-9370 and resistance 9450 9500 watch out.

Bank Nifty :  Very hot……….more up side in coming days.

Some stocks to be watch out.

OBC………Result day but positive bias
DHFL…………Lookin good
DLF……………Very hot
Can Bank…………..major long were saw
All Bank,  Some long seen
Bank of Baroda………..longadded
Ujjaivan….shortcovering seen
Cadila Health  - Covering continue.
KTK Bank     - Long Unwinding seen.
PNB   -  Long exit seen.
Yes Bank……….short added
GAIL   ---- short added
Arvind Mill……………Major short added in this counter on the day of result.

Have a good trading day.

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2 comments:

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