Tuesday, July 18, 2017

Market out look daily 18th July, 2017

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  


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

No comments:

Post a Comment