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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