Wednesday, July 26, 2017

Market out look daily 26th July, 2017

Nifty Above 9900 – Up side
Towards 10000,
Closed above  Nifty  10000  up move continue.

Mrket Out Look   :    Market are continue in bullish mode and we have seen Nifty 10000 only on screen and whole the day remain below and finally closed at 9975.  We expect that sonar or later it will crossed and closed above.   Over all trend is good and stock specify movement continue and better to concentrate result stocks where money can be make very fast.
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  and near support 9950-9960   holding these level, upper side resistance continue towards 9999-10000 mark.     Short is not a good idea
Bank Nifty Future  :   Trend is very bullish and continue closing above 24000  upside towards 24600-24750 in coming days.
PSU Bank INDEX  :     Be prepare for party any time PSU Bank stocks will move very fast.  
Long Side      :
TCS,  M&M Finance, Axis Bank, Bharti Tele, IDEA

Short Side     :  
HCL Tech,  NBCC, Tata Motor, LIC Housing, Escorts.
OPEN INTREREST SPURT in Terms of Contacts  :
TCS – 17937 ,  M&M Finance 2474,  HCL Tech 4622,  Axis Bank 12898, Asian paiants 2381, Bharti 6797, Sun Pharma 11398,  HDFC 3538,  HIndalco 2993, VEDL 3443,  Federal Bank 1724. Dr Readdy Lab 2432, ICICI Bank 6789, Yes Bank 2988, Reliance 2366, bob 1877, idea 2821

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