Monday, July 31, 2017

Market out look daily 31st July, 2017

Market out look daily 31st  July, 2017
Bull are not easily give up
Market in Trading Range
RBI Policy will be Trend Decider of this week
Mrket Out Look   :    Market are continue in bullish but after sharp rise on Thursday trading and short covering open with some down side gap and sharp selling seen in intraday, but strong support at lower level and almost wipe out all intraday losses and closed near to good note.   Trend is bullish and sharp decline to buy side. However, at higher level major up move only once closed above 10100 which is move towards 10400.
Nifty Spot  :   Consider support  9900-9920, resistance 10025, trade and sustained above 10125, thereafter do not remain short .
Nifty Future  :     Decent support 9950-9960 whereas to buying opportunity with tight stop loss for target 10030 10050 and above.
Bank Nifty Future  :   Very bullish and almost gained more than 2000 points without any pause However, any dip on intra day to buying opportunity, avoid any short selling.
PSU Bank INDEX  :     Consider support 3550-3500 range, sustained above 3620 looks more promising and major buying expected in all PSU bank stocks.
Long side   :     HDFC Ltd – 200 points move without any pause. Indigo , Bank of India (Short covering), Reliance Capital, Canara Bank, Ashok Leyland, IRB, Jet Airways.
Short Side : LT , LIC Housing, India Cement, ICICI Bank and Biocon
OI Spurt  :
LT  7933 contracts, LIC 2545,  Reliance Capital 3478, India Cement 2385, Drt Readdy 4301, Indigo 799, ITC 5852  Ashok Leyland 1749, Yes Bank 6788, Idea 1755, ICICI Bank 3876, Sun Pharma 3749 Tata Steel 1705
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