Bulls are upper hand
No Mood to give up
Mrket Out Look :
Market are continue in bullish mode and
always any downside strong buying forces emerged and bears have been
trapped. However, Nifty already moved
more than 450 points but strong buying
from Domestic and FIIS are continue in positive side. As result season continue and concentrate
results stocks for money making easily.
Nifty Spot :
Consider support 9850-9810, resistance 9830, sustained above
non stop target 10000 mark. Once sustained above 10000 and closed another round
of short covering towards 10200 mark. Weekly closed above 10000 and sustained
above up side towards 11500 in coming months.
Nifty Future : Excellent support 9850-9833 and resistance
9920, above time to buy side.
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.
Long
Side :
Reliance Industries, Wipro, Voltas, DR
Readdy Lab, Tata Motors.
Short
Side :
Asian paints, Bharti Tele, HDIL,
Arvind Mills HDFC.
OPEN INTREREST SPURT :
Wipro – long side 11000 contracts, Dr Ready – short covering
715, Tata Steel – short covering 101, SBI – short covering 26 lac shares, Tata
Motors – short covering 14 lacs, Axis Bank – short covering 31 lacs, Hindalco –
short covering 29.90 lacs, ICICI Bank – short covering 38.17 lacs, HUL – long exit
4.04 lacs, Can Bank – short covering 10.60 lacs, Kotak Bank – short covering 9
lacs.
More
details call
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