Market are continue in trading range but unable to cross 9370 successfully and final on Friday closed below 9300 level which is near to major support level and break down this level , some selling in the market can not be ruled out.
PSU Banks are rollar costing and looks some selling pressure at higher level and fresh buying time being avoid till the picture clear.
Nifty support 9350 9380 and support 9270 below down side target 9220 9200 likely.
Bank Nifty decent support 22500 and resistance 22800 and above
over all buy side on decline.
Long Side................ Berget Paints, Escorts, Apollo Tyres
Short Covering .......Amuja Cement, Can Bank
Long Exit ..........Idian Bank, Syndicate Bank, Rel Capital
Short Side ... MRPL
Some interesting Open Interest watch out on Friday Trading.
ICICI Bank.........long 36 lacs
Axis ...........short covering 2.61 lacs
PNB...................short covering 15.89 lacs
Union..............short covering 8.40
BOB...................short covering 1.57
OBC .................2.10 lacs (-)
Can Bank...............short covering 18 lacs
SBI..................short covering 27 lacs
Yes Bank.............Short covering 63000
Bank of India.............14.58 fresh long
and many ore
Have a good and
For Subscription Call
9630466296-9203901698
www.3mteam.in
BOOK FULL PROFIT IN TATA MOTOR FUT, T2 ACHIEVED
ReplyDeleteFREE TRADING TIPS