Monday, July 31, 2017

Market out look daily 31st July, 2017

Market out look daily 31st  July, 2017
Bull are not easily give up
Market in Trading Range
RBI Policy will be Trend Decider of this week
Mrket Out Look   :    Market are continue in bullish but after sharp rise on Thursday trading and short covering open with some down side gap and sharp selling seen in intraday, but strong support at lower level and almost wipe out all intraday losses and closed near to good note.   Trend is bullish and sharp decline to buy side. However, at higher level major up move only once closed above 10100 which is move towards 10400.
Nifty Spot  :   Consider support  9900-9920, resistance 10025, trade and sustained above 10125, thereafter do not remain short .
Nifty Future  :     Decent support 9950-9960 whereas to buying opportunity with tight stop loss for target 10030 10050 and above.
Bank Nifty Future  :   Very bullish and almost gained more than 2000 points without any pause However, any dip on intra day to buying opportunity, avoid any short selling.
PSU Bank INDEX  :     Consider support 3550-3500 range, sustained above 3620 looks more promising and major buying expected in all PSU bank stocks.
Long side   :     HDFC Ltd – 200 points move without any pause. Indigo , Bank of India (Short covering), Reliance Capital, Canara Bank, Ashok Leyland, IRB, Jet Airways.
Short Side : LT , LIC Housing, India Cement, ICICI Bank and Biocon
OI Spurt  :
LT  7933 contracts, LIC 2545,  Reliance Capital 3478, India Cement 2385, Drt Readdy 4301, Indigo 799, ITC 5852  Ashok Leyland 1749, Yes Bank 6788, Idea 1755, ICICI Bank 3876, Sun Pharma 3749 Tata Steel 1705
More details call
9630466296
Friday, July 28, 2017

Market out look daily 28th July, 2017

Market out look daily 28th  July, 2017
Nifty closed above 10000 mark
Up move continue.
Mrket Out Look   :    Market are continue in bullish and due to heavy short covering it was made a high 10114 but due to profit booking closed at 10045.   Strong bull market and any dip to buy side, Short sell is not a good idea.
Nifty Spot  :   Consider support 10000-9980, resistance 10050, crossover more up side.
Nifty Future  :      Intra day any dip to buy side with consider support 10000-9980-9950 watch out, resistance 10050-10100.
Bank Nifty Future  :   Trend is very bullish and closed above 24800   up side continue towards 25000-25200-25000 in coming days. Heavy long seen Pvt. Sector Banks and up move continue.
PSU Bank INDEX  :     Trading range 3500 to 3620 watch out,   lower level to buy side.
Some stocks to be watch out :
Tata Elaxi    very hot
India Cement   - Excellent result on card
LT   -  Time to buy side
Escorts -  Sell on rise
Equitus  - Any dip to buy side.
More details call
9630466296
Thursday, July 27, 2017

Market out look daily 27th July, 2017

Market out look daily 27th  July, 2017

Nifty closed above 10000 mark
Strong Bullish with consolidation

Mrket Out Look   :    Market are continue in bullish mode and finally closed above 10000 mark.  Any dip to buy side. Tomorrow there are two events,  FED meeting and FO Expiry so high volatile market with positive bias and dip to buy side.  A lot of results are also announced today so  major movement in the market.
Nifty Spot  :   Consider support   9950-9960, holding above 10000 mark up  side target 10090 thereafter 10100-10200 easily.
Nifty Future  :    Support nearly  9950-9960, above 10010   up side target 10100  and above. Holding above, major short covering in market anddo not think to short sell.
Bank Nifty Future  :   Trend is very bullish and closed above 24500 mark, now consider resistance 24800,  sustained above, another round of move towards 25000-25200
PSU Bank INDEX  :     Be prepare for party any time PSU Bank stocks will move very fast.  
More details call
9630466296
Wednesday, July 26, 2017

Market out look daily 26th July, 2017



Nifty Above 9900 – Up side
Towards 10000,
Closed above  Nifty  10000  up move continue.

Mrket Out Look   :    Market are continue in bullish mode and we have seen Nifty 10000 only on screen and whole the day remain below and finally closed at 9975.  We expect that sonar or later it will crossed and closed above.   Over all trend is good and stock specify movement continue and better to concentrate result stocks where money can be make very fast.
Nifty Spot  :   Consider support   9900-9910 and resistance nearly 9999, once stay above with volume , major  short covery in the market.
Nifty Future  :    Excellent support  9900-9910  and near support 9950-9960   holding these level, upper side resistance continue towards 9999-10000 mark.     Short is not a good idea
Bank Nifty Future  :   Trend is very bullish and continue closing above 24000  upside towards 24600-24750 in coming days.
PSU Bank INDEX  :     Be prepare for party any time PSU Bank stocks will move very fast.  
Long Side      :
TCS,  M&M Finance, Axis Bank, Bharti Tele, IDEA

Short Side     :  
HCL Tech,  NBCC, Tata Motor, LIC Housing, Escorts.
OPEN INTREREST SPURT in Terms of Contacts  :
TCS – 17937 ,  M&M Finance 2474,  HCL Tech 4622,  Axis Bank 12898, Asian paiants 2381, Bharti 6797, Sun Pharma 11398,  HDFC 3538,  HIndalco 2993, VEDL 3443,  Federal Bank 1724. Dr Readdy Lab 2432, ICICI Bank 6789, Yes Bank 2988, Reliance 2366, bob 1877, idea 2821

More details call
9630466296
Tuesday, July 25, 2017

Market out look daily 25th July, 2017


Nifty Above 9900 – Up side
Towards 10000, thereafter …………?
Mrket Out Look   :    Market are continue in bullish mode and finally break out above 9930 and almost closed near to higher side.   Trend is bullish and short sell is not a good idea.  Stock specify movement continue in market.  IT Sector, B anking Sector looks good and any dip to long side.
Nifty Spot  :   Consider support   9900-9910 and resistance nearly 9999, once stay above with volume , major  short covery in the market.
Nifty Future  :    Excellent support  9900-9910  any decline to buy side, with consider resistance 9980-10000 mark and above.
Bank Nifty Future  :   Trend is very bullish and continue closing above 24000  upside towards 245450-24500. Once closed above 24500 upside target 27450-24800 and above.
PSU Bank INDEX  :     Trend is  bullish and holding  and trading range continue 3500 to 3600 range, once break out this range , will move one side, however, chances of down side is very limited.

Long Side      :
TCS, SBI, Yes Bank, Cpla, Tech Mahindra, M&M Finance.
Short Side     :  
MRPL, OFSS, HCL Tech, HDFC, Axis Bank, Zee Tele, Dr. Readdy.
OPEN INTREREST SPURT  :
M&M Fiance 1392,  IRB 2521 lacs, HDFC Bank 8606 contracts, VEDL 1453 lacs, Yes Bank 1688 lacs, Axis Bank 2097 lacs, Reliance 3753 lacs, SBI 1482 lacs, Bank of India – 287,  ITC – 1682, TCS – 306, Tata Communication – 6.60 lacs
More details call
9630466296

Monday, July 24, 2017

Market out look daily 24th July, 2017


Bulls are upper hand
No Mood to give up
Mrket Out Look   :    Market are continue in bullish mode and always any downside strong buying forces emerged and bears have been trapped.  However, Nifty already moved more than 450 points but  strong buying from Domestic and FIIS are continue in positive side.  As result season continue and concentrate results stocks for money making easily.
Nifty Spot  :   Consider support   9850-9810, resistance 9830, sustained above non stop target 10000 mark. Once sustained above 10000 and closed another round of short covering towards 10200 mark.  Weekly closed above 10000 and sustained above up side towards 11500 in coming months.
Nifty Future  :    Excellent support 9850-9833 and resistance 9920, above time to buy side.
Bank Nifty Future  :   Trend is very bullish and continue closing above 24000  up  side target towards 24300-24500
PSU Bank INDEX  :     Trend is  bullish and holding above 3520 looks positive bias and more up side once it will stay above 3580.
Long Side      :
Reliance Industries, Wipro, Voltas, DR Readdy Lab, Tata Motors.
Short Side     :  
Asian paints, Bharti Tele, HDIL, Arvind Mills HDFC.
OPEN INTREREST SPURT  :
Wipro – long side  11000 contracts, Dr Ready – short covering 715, Tata Steel – short covering 101, SBI – short covering 26 lac shares, Tata Motors – short covering 14 lacs, Axis Bank – short covering 31 lacs, Hindalco – short covering 29.90 lacs, ICICI Bank – short covering 38.17 lacs, HUL – long exit 4.04 lacs, Can Bank – short covering 10.60 lacs, Kotak Bank – short covering 9 lacs.
More details call
9630466296

Friday, July 21, 2017

FO QUES FOR NEXT WEEK TRADING PURPOSES (24th July to 28th July 2017)




FO QUES FOR NEXT
WEEK TRADING PURPOSES
(24th July to 28th July 2017_)
1.      Asian  Paints  : Fresh short saw in this counter and almost added 5.98 lacs shares. Sell  on rise strategy continue.
2.      HDIL   : Long unwinding and fresh short seen by way of 29.92 lacs shares increased.
3.      Indian Bank : Long unwinding seen, so avoid buy side.  Any rise to sell.
4.      Reliance Industries :  Heavy long during market hrs, but last 5 minutes major unwinding and profit booking resulted OI only stood 4.94 lacs shares.  Trend is very bullish and dip to buy side. Ready to test all time high.
5.      Wipro  :  Heavy short covering due to buy back and almost 23 lac shares covered on Friday trading so down side chances is very limited. Remain invested nd buy side.
6.      Ashok Leyland  :  Fresh short and unwinding seen by way of 19.67 lacs shares. Sell on rise till remain below 108.
7.      Dr Readdy Lab  : Looks good and short covering likely to continue, we are expecting good announcement in coming days.
8.      Lupin : Long exit seen by way of 1.90 lacs shares.  Fresh buy time being avoid.
9.      Tata Steel : Heavy short covering by way of 11 lacs shares reduced in OI.  Any dip to buy, short sell very danger.
10.  SBI   :  Broken important support level and some unwinding seen by way of  22.95 lac shares, so any fresh buy avoid.  Time for consolidation.
11.  HDFC Bank  : Before result long  unwinding seen by way of 13.40 lac shares.  Time to avoid buy  and  no trade till come out result.
12.  Yes Bank   :   Looks ready to up move and some short covering around 2.08 lacs shares.  Close eye next week.
13.  ITC  :   Weakness continue till not cross 300 305 level, more down side in coming days. Almost 10.72 lacs shares unwinding.
14.  Tata Motor  :  Very hot and ready for big move. Last three trading session continue short covering and almost today trade 14 lacs short covered.   Short covering spurt towards 471  481 mark.   Time to buy only.
15.  Axis Bank  : After consolidation of 9 month decent up move and continue closing above 525 mark looks promising.  Short covering continue and Friday trade almost covered 31 lac shares.  Result going to announced on 25th July, any good result, towards 560-580 mark in few sessions.
16.  Hindalco  :  After break out of 205 continue in upward range and today trade spurt due to major short covering by way of 29.92 lac shares.  Up move continue, any weakness to buy side, do not think short.
17.  HUL  : After sharp rise profit booking and long unwinding continue.  Long unwinding seen in today trade 4.04 lac shares/
18.  Kot Bank  :  Excellent result delivered resulted profit booking and short sell on yesterday trade but today trade they trapped and covered their short  Almost 9 lac shares short covered.
19.  Can Bank :  After result weakness continue.  However, today trade 10.60 lac shares short covered but time to avoid. Wait for more clarity in this counter.
20.  Coal India  :   Looks good after taking a 4 years support range 230-240 and we  already recommended to buy with small stop loss.  Today trade almost short covered 22.93 lac shares and more covering likely in coming days. Remain invested.
21.  DLF :   Continue struggle to surpass 205  to 210 range, however long term trend is very bullish till hold 170 mark.  Today trade OI reduced 64 lacs shares.  Till hold 190,  bulls move intact for short term traders.
22.  ICICI Bank   :  295=-296 remain a good support of this counter till not closed below this level with substantial volume and added open interest, do not think to short sell.  Today trade major short covering seen by way of 39 lac shares.

23.  Bank Nifty :  Continue added open interest and last five seen closed with green note.   As long as holding 24000   no problem for bulls and up move continue to wards 24400 24500, thereafter more up side.  Any dip to buy side. Today trade almost added 20761 contract.
24.  Nifty  :  Continue looking good till not break 9800 as highest put hold in this strike price.  On the upper level, highest call hold 10000 strike and followed by 9900.  So next week clear trading range 9800 to  10000 mark watch out.  Today trade almost long side added 20100 contracts.
For subscription justclick  : ……..
   
            3M TEAM RESEACH
            Call No. 9302102732-9630466296
            www.3mteam.in