Market are buying mode in continue
Hold Nifty 9800 – very strong
Bank Nifty – Above 24000 -
next big move.
Mrket Out Look :
Market are continue in upward mode and moving continue towards 10000 mark
in coming days. Apart from the Index
concentrate Individual stocks and lots of stocks are short covering due to
FIIs.
Nifty Spot :
Consider support 9800-9810 and resistance 9920 crossover towards 9950-10000
mark.
Nifty Future : Decent support 9850-9810 resistance 9910 above major up side likely.
Bank Nifty Future :
Trend is very bullish and closed above all time high with decent added
open interest indicate more up side in coming days. Time to buy above 24000 for target 24200-24400-24500 in coming
days as a lot of Pvt. Sector Banks are
coming out results.
PSU Bank INDEX :
As we written in this column that over sold and any short should be
avoid. Consider resistance 3520-3530 and sustained above broad based buying in
PSU Bank stocks. Friday smart buying
seen in SBI, PNB, Bank of Baroda, Orient
Bank, Canara Bank and Indian Bank.
Long
Side : DCB BASNK, KOTAK BANK, CAN BANK, CHENI PETRO,
RELIANCE,
Short
Side : TCS
, BPCL, ONGC, IOC, PETRONET.
WEEKLY OI GAINERS :
Long
Side : Kotak
Bank, OBC, HUL, PTC BIOCON
Short Covering : Ashok Leyland,
PNB, Sun Pharma, IDEA
Short side : Ajanta Pharma,
Colgate and LIC Housing.
Highest Call ---Infosys 1000,
TCS 2500 LT 1200 and HPCL 380
Highest Put – TCS 2400, Yes Bank 1500, HPCL 360 Reliance 1520
More
details call
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