Friday, June 30, 2017

Market outlook for 30TH JUNE 2017

Weakness in Market
Till Nifty Remain Below 9710

Market Out Look   :    On the day of expiry heavy volatility and volume seen in market resulted higher level smart profit booking and Index and number of shares slipped at higher level and unable to hold their gains.    However, some sector like Metal major buying whereas in Banking and Pharma sector profit booking .
Nifty  :       Nifty already broken support level and trading below so, short term trend is down continue. We may consider resistance 9630, crossover it will show power.  Down side support  9480 watch out
Bank Nifty  :     Now next coming sessions 23500-23600 is a big challenge for bulls and bears and support around 23000, break and closed below bear will be upper hand.
PSU Bank INDEX  :        Below 3500  weakness continue towards 3200-3100  in coming days.
PHARMA INDEX   :         Still holding support level with consider 9300 and resistance 9700.
 Some stocks to be watch for Friday Trading :

Reliance                        Sell on rise
Century Textile             Sell on rise
SBI                                 Sell on rise
Axis Bank                      Very Hot
Tata Steel                      Very Hot
VEDL                                       Very Hot
JP Associates                Exit .
GAIL                              Very Hot
India Cement                Very hot    
Bank Nifty Future        Sell on Rise
Nifty Future                  Sell on rise.         

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Thursday, June 29, 2017

Market outlook for 29TH JUNE 2017

Market Turned Bearish – Nifty Below 9580
Fresh Long – Cautious approach
High Volatile likely
Market Out Look   : As  market open with some positive bias but in intraday due to profit booking  and long unwinding, closed with a negative bias with a loss of 20 points.  However, in some counter , short covering also seen.   As today  expiry of June series, so avoid any big trading and trade with cautious approach.
Nifty  :      Market turned bearish and finally break down major support zone 9470  break this level selling pressure will emerged towards 9450-9410,  higher level resistance 9540-9550 also watch out.
Bank Nifty  :     We are bearish below 23500 and any rise to  sell side.  Once break down 23000 with volume4 more selling pressure can not be ruled out.
PSU Bank INDEX  :        already broken support level 3500 and almost wipe out 250 points. No respite likely and remain sell side.
PHARMA INDEX   :         Still holding support level with consider 9300. 
OPEN INTEREST SPURT  : NO. OF CONTRACTCS

Bharti Tele                              +2648
BPCL                                       -1420
Coal India                                  905
DLF                                         -1495
Hindalco                                 -1010
ICICI Bank                                3184
LT                                               3401
Lupin                                                -2591
SBI                                          5347
Sun Pharma                            1980
Tata Motor                              1255
Tech Mahindra                       -1416
Yes Bank                                 - 114

FIIS ACTIVITY ON 28TH   JUNE 2017

Derivative Segment
Index Future                 - 901
Index Options                + 718
Stock Futures                 -795
Stock Options               + 90.63
Net FO Positions           + 702

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Wednesday, June 28, 2017

Market outlook for 28TH JUNE 2017

Market Turned Bearish – Nifty Below 9580
Fresh Long – Cautious approach


Blue Channels –
Very Bullish resulted trapped viewers
Only take knowledge – Do not follow recommendations.


Market Out Look   : As we have written continue that till not cross 9710 do not think any  buy side and finally break down major support level 9580 resulted  free fall across the board and made a low 9473 and finally managed to closed around 9500 level.    Below we have recommend to exit long 9580 and fresh short added.   Now strategy -  Sell side-No Buy

Nifty  :      Market turned bearish and finally break down major support zone 9580-9600  and intra day any rise to sell side for target 9430-9400.

Bank Nifty  :     We are bearish below 23500  and almost our target 23000 achieved.  Over all trend is down and any intra day rally to sell side.

PSU Bank INDEX  :     As PSU Bank Index unable to hold 3450-3500 level and finally break down resulted over all selling seen in all PSU bank stocks and more sell off in coming days can not be ruled out.  Do not try to bottom fishing.

PHARMA INDEX   :         Still holding support level and some buying were saw in Pharma segment. However, time to book profit and re enter only sharp decline.

SOME IMPORTANT POINTS TO BE WATCH OUT

Intra day to buy side with strict stop loss :
GAIL, ONGC,  IOC, BATA INDIA, TATA STEEL M&M FINANCE
Long Unwinding and Short Side
SBI, LT, AXIS BANK, TATA MOTOR, DLF, BANK OF BARODA, INDIA CEMENT, DLF AND MANY MORE STOCKS
OPEN INTEREST SPURT  : NO. OF CONTRACTCS


BPCL                                        -10.34
CAN BANK                              -42
SBI                                           1.10 CRORE
LT                                            -9.44
AXIS BANK                              -73.40
TATA MOTOR                         - 1.05 CRORE
BOMB                                     -1.19 CRORE
FIIS DATA
Derivative Segment
Index Future                 +621
Index Options                + 599
Stock Futures                 -41
Stock Options               + 51
Net FO Positions           +32
Our Call on dated 27th June, 2017.
1.   Sell Bank  on opening bell  9600  + target 9500
2.   Sell Bank Nifty below 23500 stop loss 23650 target 23100 23000
3.   Sell Yes Below 1450 target 1400 +
4.   Sell SBI Below 290 target 280 275
5.   Sell Axis Bank below 505 target 490
6.   Sell Can Bank below 350 target 330
7.   Buy Gail at 350 target 370.
8.   Buy ONGC
9.   Bearish below 9650 and more sell added below 9580.
   
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Tuesday, June 27, 2017

Market outlook for 27TH JUNE 2017

Heavy Unwinding in  Market turned in Bearish   ?

Market Out Look   : As we have written continue that till not cross 9710 do not think any up side and selling pressure  witness in the market in all segment resulted closed with a negative by 55 points.  Now next three trading session of expiry and more  long exit and down ward pressure on the card.  Time being strategy : Sell on rise – Fresh long avoid next few sessions.   NBFC / Housing Finance Companies  major down ward pressure in coming days .

Nifty  :     As we have continue in bearish mode as remain below 9710.  Now today trading and sustained below 9574 down side pressure towards 9580 9500 9480.  Closed below 9500   more down side likely.  Resistance 9620-9650.

Bank Nifty  :     As Bank Nifty Future managed to hold 23500 but sonar or later it will break down.   Now consider resistance 23800-23900 which is a major supply zone and support 23500-23350 breakdown these level more pressure likely in all bankingstocks.

PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, decisively break likely big sell off in all PSU banking stocks.

PHARMA INDEX   :          Over all mixed trend continue with consider support range 9300 -9350 watch out in coming days.  Over all some strength seen in SUN PHARMA AND AUROPHARMA.

SOME IMPORTANT POINTS TO BE WATCH OUT

Long side  :    
RELIANCE CAPITAL, RELIANCE INFRA AND ITC
Long exit :
Major of stocks exit long and fresh shorts  seen.  ASHOK LEYLAND, BANK OF INDIA, ALL BANK OBC DHFL TELCO INDUS BANK INDIGO KKT BANK INDIAN CEMENT PNB AND M&M.
Short covering :
HCL TECH, JUST DIAL ICICI BANK WOCKHARD VEDL AURPHARMA.
Short build up :
VOLTAS –SRF, M&M and major non finance companies.
OPEN INTEREST SPURT  : NO. OF CONTRACTCS
ASHOK LEYLAND                                              -971
BANK OF INDIA                                                 -704
INDUS BANK                                                      -1331
M&M                                                                    397
INDIA CEMENT                                                  1292
TCS                                                                         1527
LUPIN                                                                   111
SUN PHARMA                                                   -2047
VEDL                                                                      -1218
SBI                                                                          724

OPTION ANALYSIS :
Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600
F&O BAN
BANK OF INDIA, DLF, FORTS, GMR INFRA HDIL IBREAL IFCI INDIACEMENT INFIBEAM JP ASSOCIATE ORIENT BANK RCOM, UJJIVAN AND WOCKPHARMA.
5 new FO Entrants :
Chennai Petro, ICICI Pru, Manpuram Finance, Repco Home Finance and SREI Infra.
FIIS ACTIVITY ON 22nd  JUNE 2017
Derivative Segment
Index Future                  +898
Index Options                 + 543.50
Stock Futures                 - 250.60
Stock Options                - 121.87
Net FO Positions            +1069.50

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Friday, June 23, 2017

Market outlook for 23RD JUNE 2017

As we have written in this column  Nifty will face resistance 9709 successfully hold it will move further and major break through, but unable to cross and started down ward journey and intra day almost loss more than 100 points in future and closed with negative bias.   On Thursday trade, over all profit booking, long unwinding and some counter fresh short saw.   Overall trend is bullish  but any fresh and confirm up trend only above 9710 on closing basis till then do not try to big exposure in market.
Nifty  :   Now we may consider decent support  9580-9550  once break these level, over all selling can not be ruled out, higher level resistance continue around 9700 9710 range.

Bank Nifty  :    Holding above 23500 strong bull favour and almost made a high 23890 .   Trend is strong bullish and intra day decline to long side with tight stop loss.

PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, but at current level fresh selling is not visible  and likely SBI will lead the rally in coming days in PSU Banks.

PHARMA INDEX   :          Over all mixed trend continue with consider support range 9300 to 9350 range, stock specify movement continue likely short covering in Sun Pharma and fresh buying in AurPharma and fresh short in Dr. Readdy Lab.

 SOME IMPORTANT POINTS TO BE WATCH OUT

 Advise to traders, be careful any long and side and over all data found that these are making in short time period say 1 or 2 days  so any trade  should be cautious in either side with strict stop loss.

Long side  :    
SBI , Balkrishna Ind and Tata Power -
Long exit :
ARVIND MILLS, CENTURY TEXTILE, HDIL, SOUGHT BANK BANK OF INDIA DCB INFOSYS DHFL. Heavy long unwinding seen in number of stocks.
Short covering :
RELIANCE INFRA, SAIL YES BANK M&M, SBI AND SUNPHARMA
Short build up :
PETRONET, DLF, HINDALCO, LUPIN, TATA MOTOR AND MANY MORE

Our Recommendation   :
Short call in  Lupin, Hindalco, Tata Steel, VEDL and Century Textile.

OPEN INTEREST SPURT  : NO. OF CONTRACTCS

SBI                                                          1319
YES BANK                                            3514
M&M                                                    673
SUN PHARMA                                   3864
DLF                                                         1535
LUPINLAB                                            2562
ONGC                                                   1045
LT                                                            1177
BPCL                                                      912

OPTION ANALYSIS :

Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600

F&O BAN

ALL BANK, BANK OF INDIA, BEML, DLF, HDIL,  IBREAL, IFCI, INFIBEAM JP ASSOCIATE, KSCL, ORIENT BANK RCOM AND WOCKPHARMA

FIIS ACTIVITY ON 22nd  JUNE 2017

Derivative Segment
Index Future                  +98.65
Index Options                 + 593.66
Stock Futures                - 100.76
Stock Options                + 45.06
Net FO Positions            +626.61

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Thursday, June 22, 2017

Market outlook for 22nd JUNE 2017

On Wednesday market closed with some negative bias and some profit booking due to global ques , however it was managed to closed above 9600 mark.  
Nifty  :   Now we may consider decent support  9600-to  9580   till hold these levels  bounce back can not be ruled out and below be prepare for correction in the market.
Bank Nifty  :    Holding above 23500 strong bull favour with consider resistance 23750  crossover it will show more power towards 24000, down side strong support 23350, below it will test 23000 mark.
PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, but due loan waiver  scheme by govt, over all selling pressure seen in PSU bank .
PHARMA INDEX   :          Looks that  recovery likely over and ready  for another correction in this sector.  Lupin likely a bid down side in coming days, once it was broken.    
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
PC JEWELLERS, LT MARUTI HUL CAN BANK
Long exit :
SUN TV BAJAJ AUTO NALCO
Short covering :
IDBI, OLBC, AND BANK OF INDIA
Short build up :
FED BANK, OIL, EICHER MOTOR, BPCL LUPIN IBUL HOUSING AND MANY MORE.

OPEN INTEREST SPURT  : NO. OF CONTRACTS

LT                                                            1871
CAN BANK                                          491
FED BANK                                            1130
EICHER MOTOR                                                1000
LUPIN                                                   2520
BPCL                                                      1110
TCS                                                         2112
YES BANK                                            2186
AXIS BANK                                          1305

 OPTION ANALYSIS :

Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600

F&O BAN

ALL BANK, BANK OF INDIA, BEML, DLF, HDIL,  IBREAL, IFCI, INFIBEAM JP ASSOCIATE, KSCL, ORIENT BANK RCOM AND WOCKPHARMA


FIIS ACTIVITY ON 21ST JUNE 2017

Derivative Segment
Index Future                  - 90.73
Index Options                 + 145
Stock Futures                -  1099
Stock Options                -  44
Net FO Positions            - 89.50

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Wednesday, June 21, 2017

Market outlook for 21st JUNE 2017

On Tuesday market trend in small trading range and unable to cross previous resistance level  and higher level some profit booking seen  some counters and almost closed near to 9650.   Over all trend is bullish and after sharp rise on yesterday time for consolidation and waiting for further break out and once it will be happen it will added another 100 to 150 points in short term.
Nifty  :   Now we may consider decent support  9600-9620 holding these level again higher side.   Resistance around 9700-9710 once successful taken out strong buying force emerged in the market and major short covering cannot be ruled out.
Bank Nifty  :    Holding above 23500 strong bull favour and once crossover 23750 with volume and added open interest it will move towards 24000 and above.
PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, but due loan waiver  scheme by govt, over all selling pressure seen in PSU bank in front line stocks like  PNB, BANK OF CARODA, BANK OF INDIA AND CAN BANK.  However, SBI showing some strength.
PHARMA INDEX   :        Some profit booking seen in pharma stocks and consider support nearly 9350. However, some short added in some counter like Lupin and Sun Pharma.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
HEXAWARE, UJJAVAIN APOLLO TYRES, EQUITUS AND NBCC
Long exit :
SOUTH BANK AND BERGER PAINTS
Short covering :
BEML, DISH TV, HINDUSTAN ZINC.
Short build up :
EICHER MOTOR, BPCL, MARUTI, LUPIN, BANK OF BARODA, PNB, SUNPHARMA, IDBI, GAIL

OPEN INTEREST SPURT  : NO. OF CONTRACTS

BANK NIFTY                                                       16636
BPCL                                                                      1006
MARUTI – SHORT SIDE                                  1334
LUPIN  - SHORT SIDE                                       1477
BANK OF BARODA – SHORT SIDE              926
PNB       - SHORT SIDE                                     1358
SUN PHARMA – SHORT SIDE                      1700
DLF – COVERING                                              - 984
HDFC                                                                     772
RBI  - LONG SIDE                                               202
RELIANCE                                                            674
YES BANK – SHORT COVERING                  - 167

OPTION ANALYSIS :
Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600
F&O BAN
ALL BANK, BANK OF INDIA, BEML, DLF, HDIL, IBREAL, IFCI
INFIBEAM JP ASSOCAITES KSCL, ORIENTAL BANK, RCOM WOCKPHARMA
NEW IN BANK : IFCI
FIIS ACTIVITY ON 20TH JUNE 2017
Derivative Segment
Index Future                  + 321
Index Options                 +345
Stock Futures                - 481
Stock Options                - 22
Net FO Positions            + 164


RAKESH SETHI
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Tuesday, June 20, 2017

Market outlook for 20th JUNE 2017

Market are finally break down upper level  and closed with decent gained near to  9657.  Bank Nifty also performed exceedingly well and closed above 23700 and Pvt Sector banks looks good.  Major short covering seen in metal stocks whereas again fresh short seen in pharma segment.   Over all trend is bullish.
Nifty  :   Now we may consider decent support  9600-9580 range and resistance at 9700   crossover it will show more power towards 9750
Bank Nifty  :   Closed above 23500 decent break out seen in Bank Nifty  and almost closed near to day’s  high and likely test new high 24000   mark.
PSU Bank INDEX  :   Consider support 3450-3500 range but still under performing , however some short covering seen in PSU bank like SBI ANDBOI.
PHARMA INDEX   :        Some profit booking seen in pharma stocks and consider support nearly 9350.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
IBREAL,  MOTHERSON SUMI,   M&M FINANCE
Long exit :
VOLTAS AND BIOCON
Short covering :
VEDL, ADANI ENT. BANK OF INDIA, TISCO, SAIL AND LT
Short build up :
HDIL, INDIAN BANK, WOCKHARD, EICHER MOTORS ESCORTS AND YES BANK.

OPEN INTEREST SPURT  : NO. OF CONTRACTS

IBREAL                 2256
MOTHER SUMI     249
VEDL                    - 558
ADANI ENTT.        725
LT                         - 339
HDIL                     1642
WOCKHARD                   2439
YES BANK            2746
RELIANCE            - 1507
SUN PHARMA       1065
TCS                      -1804
DLF                      - 626
AXIS BANK           -541
UJJAVIN               -310
SBI                       -969


F&O BAN

AL BANK, BANK OF INDIA, BEML, DLF, HDIL, IBREAL, INFIBEAM, JP ASSOCIATES, KSCL, ORIENTAL BANK, RCOM AND WOCKPHARMA.

OUT OF BANK :  UJJAVAIN
NEW IN BANK : HDIL, IBREAL AND WOCKPARMA.

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Monday, June 19, 2017

Market outlook for 19th JUNE 2017

Market are continue in profit booking before the expiry week and market closed near to yesterday closing indicating  Dozi candle.   Over all derivative data suggests that some more consolidation is likely to continue in the index.
Nifty  :   Now we may consider decent support 9550-9525 and resistance 9630 crossover sharp move towards 9580 possible.
Bank Nifty  :   Again support hold and finally closed near to 23500,  on Monday crossover and stay above 23550   looks   promising likely.
PSU Bank INDEX  :   Consider support 3450-3500 range and still holding.  Closed below 3400   panic situation can not be  ruled out.
PHARMA INDEX   :        Some profit booking seen in pharma stocks and consider support nearly 9350.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
FED BANK  EQUITUS  INDA  CEMENT
Long exit :
IBEAL   VOLTAS HDFC BANK
Short covering :
UJJAIVAN,   KOTAK BANK AND AXIS BANK
Short build up :
LUPIN,  ICICI BANK, ESCORTS AND GODREJ CP.

OPEN INTEREST SPURT  : NO. OF CONTRACTS
BEML                           384
BANK NIFTY               44000
FED BANK                   660
LUPIN                          3061
DLF                             -2095
RELIANCE                   -1531

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Friday, June 16, 2017

Market outlook for 16th JUNE 2017

Market are continue in profit booking before the fed rate meeting and closed below 9600 which indicate short term profit booking in the market.  However,  we can not see major down side  and likely reversal from the level of 9500.
Nifty  :   Now we may consider decent support 9560  below towards 9520 9500, resistance around 9600=9620.
Bank Nifty  :   Finally break down support level and trading below 23500,   now consider support 23300 and 23251.
PSU Bank INDEX  :   Consider support 3450-3500 range and still holding.  Closed below 3400   panic situation can not be  ruled out.
PHARMA INDEX   :     As we are continue written in this column do not short sell and above 9300 strong bull hand and almost added 400 points.      Remain long side, do not think any short side.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
DLF   JETAIRWAYS
Long exit :
KOTAK BANK, HDFC, TITAN AND BANK OF INDIA
Short covering :
INDIGO   HDIL, UJJAIVAN AND INDIAN BANK
Short build up :
BIOCON   EQUITIUS APOLLO HOSPITAL, PNB, GAIL, ALL BANK
 RBL BANK AND MANY MORE.

OPEN INTEREST SPURT  : NO. OF CONTRACTS
DLF                             1791
AUR PHARMA 2981
RBL BANK                   1280
PNB                             1166
DHFL                           914
YES     BANK               1495
LUPIN                          - 362
ICICI  BANK                1124
HDFC                          - 422
HPCL                           - 993
BPCL                           - 782

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Friday, June 9, 2017

Market outlook for 9TH June 2017

Market are continue in up ward bias but higher level some profit booking saw in the market.  However some sector like, IT, Housing Finance and PSU banks in bearish zone whereas  our HOT sector Pharma smart pull back due to short covering and looks fresh short may be avoided.
Nifty  :   Now we may consider decent support 9600 and major support range 9500-9530 resistance at higher level 9700-9710 must be watch out.
Bank Nifty  :   Trend is bullish with consider support 23300-23350,   and holding above 23500 strong movement continue likely.
PSU Bank INDEX  :   Consider support 3450-3500 range and looks some short covering in coming days in all PSU banks.
PHARMA INDEX   :     As we are continue written in this column do not short sell and above 9300 strong recovery and almost it was made a high  9551.  So short term our view is positive and good trading opportunity.  
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
Tisco, HDFC 
Long exit :
IOC
Short covering :
Lupin and Sun Pharma
Short build up :
Petroent LNG, OBC, Reliance Capital and GAIL

OPEN INTEREST SPURT  : NO. OF CONTRACTS
TCS                              4100
AXIS                             - 239
SUN PHARMA                 - 5236
BOB                              400
BIOCON                         -561
GAIL                             723
YES                              847
HDIL                             500

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