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.
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