Tuesday, July 25, 2017

Market out look daily 25th July, 2017


Nifty Above 9900 – Up side
Towards 10000, thereafter …………?
Mrket Out Look   :    Market are continue in bullish mode and finally break out above 9930 and almost closed near to higher side.   Trend is bullish and short sell is not a good idea.  Stock specify movement continue in market.  IT Sector, B anking Sector looks good and any dip to long side.
Nifty Spot  :   Consider support   9900-9910 and resistance nearly 9999, once stay above with volume , major  short covery in the market.
Nifty Future  :    Excellent support  9900-9910  any decline to buy side, with consider resistance 9980-10000 mark and above.
Bank Nifty Future  :   Trend is very bullish and continue closing above 24000  upside towards 245450-24500. Once closed above 24500 upside target 27450-24800 and above.
PSU Bank INDEX  :     Trend is  bullish and holding  and trading range continue 3500 to 3600 range, once break out this range , will move one side, however, chances of down side is very limited.

Long Side      :
TCS, SBI, Yes Bank, Cpla, Tech Mahindra, M&M Finance.
Short Side     :  
MRPL, OFSS, HCL Tech, HDFC, Axis Bank, Zee Tele, Dr. Readdy.
OPEN INTREREST SPURT  :
M&M Fiance 1392,  IRB 2521 lacs, HDFC Bank 8606 contracts, VEDL 1453 lacs, Yes Bank 1688 lacs, Axis Bank 2097 lacs, Reliance 3753 lacs, SBI 1482 lacs, Bank of India – 287,  ITC – 1682, TCS – 306, Tata Communication – 6.60 lacs
More details call
9630466296

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