Friday, July 21, 2017

Market out look daily 21st July, 2017

Nifty challenge for Bulls
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.
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.

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