Market are finally looks some profit booking and every high side profit booking continue in the market in coming days. Over all trend is strong bullish but after sharp rise resulted profit booking but any dip to buy side of quality stocks.
Nifty : consider support 9400 9350 range and resistance 9500 9510 crossover this range will move upside and down side likely negated.
Bank Nifty : consider support 22700 22600 and resistance 22900 watch out. Major support 22500 and break down this level only weakness till that any decline to buy side
PSU bank Index : above 3500 strong bullish and likely test 4100 mark. However, some profit in all front line stocks and sharp decline to buy side.
Some analysis of stock specify :
Muthood finance …………Long seen
ITC………….near to supply zone……….but looks good
HUL……………..trend is bullish and long side
Bank of baroda……………short covering continue – 45 lacs covered in short side
SBI - short covering continue, after result 65 lacs shares covered,.
Ujjainvan : fresh short added around 7.29 lacs added
GAIL : freshshort added but consider support 400 390 mark.
Ultimate target 600 in coming months.
PNB --- short covering and reduced OI 5.88 lacs
Union bank - reduced OI 5.68 lacs due to short covering
CAN bank - short covered and reduced OI 7.40 lacs,
Yes bank - short covering andreduced 7.62 lacs
Axis bank - Heavy short covering by way of reducing 21 lac shares
ICICI bank - Heavy short covering 49.20 lacs and reduced OI.
Arvind Ltd - we are bearish below 420……….
More up dated coming days
Nifty : consider support 9400 9350 range and resistance 9500 9510 crossover this range will move upside and down side likely negated.
Bank Nifty : consider support 22700 22600 and resistance 22900 watch out. Major support 22500 and break down this level only weakness till that any decline to buy side
PSU bank Index : above 3500 strong bullish and likely test 4100 mark. However, some profit in all front line stocks and sharp decline to buy side.
Some analysis of stock specify :
Muthood finance …………Long seen
ITC………….near to supply zone……….but looks good
HUL……………..trend is bullish and long side
Bank of baroda……………short covering continue – 45 lacs covered in short side
SBI - short covering continue, after result 65 lacs shares covered,.
Ujjainvan : fresh short added around 7.29 lacs added
GAIL : freshshort added but consider support 400 390 mark.
Ultimate target 600 in coming months.
PNB --- short covering and reduced OI 5.88 lacs
Union bank - reduced OI 5.68 lacs due to short covering
CAN bank - short covered and reduced OI 7.40 lacs,
Yes bank - short covering andreduced 7.62 lacs
Axis bank - Heavy short covering by way of reducing 21 lac shares
ICICI bank - Heavy short covering 49.20 lacs and reduced OI.
Arvind Ltd - we are bearish below 420……….
More up dated coming days
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