Nifty challenge for Bulls
9900-9930
Mrket Out Look :
Market are continue in bullish mode but
failed to sustained above 9930 and closed below 9900 mark. Trend is bullish but some higher level
profit booking likely to continue in market. Best way to avoid trading in
stocks and concentrate in stock specify specially result stocks.
Nifty Spot :
Consider support 9850-9810,
resistance 9930, sustained above square up your all shorts and ultimate
target 10000-10100.
Nifty Future : Excellent support 9800-9810 whereas us the
highest put hold, resistance 9930-9950 watch out
Bank Nifty Future :
Trend is very bullish and continue closing above 24000 up
side target towards 24300-24500
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 :
Axis Bank, Hindustan Zinc, DLF, Cipla,
Federal Bank, HDFC Bank
Short
Side :
ICICI Prulife, Ambuja Cement, CanBank
and Bajaj Auto.
OPEN INTREREST SPURT :
DLF Long 2115 contracts,
HDFC Bank 3730 long side, Kotak Bank 3940 short side, Tata Motor 553 short covering, BHEL – short covering 19
lacs, Just Dial – 12 lacs short covering, ICICI Bank, long exit 4.48 lacs, and
many more.
More
details call
9630466296
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