Nifty heading towards
10000 mark.
Mrket Out Look :
Market are continue in upward since broken
resistance level 9710 and ready to test 10000 mark . Strong bullish trend and
intra day any weakness to buy side.
However, market are turned in over bought zone but liquidity driven
continue upper side in market.
Nifty Spot :
Consider support 9880-9850,
crossover 9930 up side target 9980-10000 and above.
Nifty Future : Decent support 9900 holding above 10000 and more likely.
Bank Nifty Future :
Trend is very bullish and finally closed above 24000 mark. Now consider stop loss 23750-23800 range,
upper side towards 24200-24500 in coming days.
PSU Bank INDEX :
Trend is bullish but struggle
continue towards 3520-3530, successfully crossover one side move and major
short covering on the card.
Long
Side : Bharat Forge, Ashok Leyland, Wipro, Indus Bank,
HDFC Bank, VEDL, ICICI Bank and many more.
Short
Side : Havells,
JustDial, Shree Cement and Mind Tree
OPEN INTREREST SPURT :
Highest
Call Option : 10000, 9900
Highest
Put Option : 9800-9900
Heavy
short covering seen in VEDL 7.17 lacs, ICICI Bank 13.60 lacs, PNB 32 lacs,
Hindalco 20.96 lacs Bank of Baroda
16.76 lacs, HDFC 2.50 lacs short
covering and many more.
More
details call
9630466296
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