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
For Subscription Call
9630466296-9203901698
www.3mteam.in
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
For Subscription Call
9630466296-9203901698
www.3mteam.in
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