Thursday, July 20, 2017

Market out look daily 20th July, 2017

Nifty Support 9850,
Above 9831  - towards 10000 mark.

Mrket Out Look   :    Nifty turned bullish again after some small correction and closed near to 9900 mark.  Now intra day dip to buy side.  Banking, Pharma stocks looks very hot and time to buy side.
Nifty Spot  :   Consider support   9850-9860, crossover 9806 and sustained above 9930, thereafter heading towards  10000  mark.
Nifty Future  :    Decent support 9880 sustained above strong bull favour
Bank Nifty Future  :   Trend is very bullish and continue closing above 24000  up side target 24300-24500.   Stop Loss long  23950.
PSU Bank INDEX  :     Trend is  bullish and holding above 3520 looks positive bias and more up side once it will stay above 3580 mark. Major short covering saw in PSU Bank stocks.
Long Side      :
Zee Tele, JP Associates, Dish TV, Bharti Tele,  Hindalco, Havells, Dr Readdy Lab, HCL Tech.

Short Side     :  
Piddlite, DCB Bank, Amar Raja Battery.
JP Associates 1382 contracts, Can Bank 1562, Idea 1936, Reliance 2800, HDFC Bank 1977, ICICI Bank 855 (-), PNB 334, BHEL   3.71   
More details call

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