Wednesday, July 5, 2017

Market out look daily 5th july 2017

Challenge of Bulls & Bears
Nifty Range 9700-9720  

Mrket Out Look   :  Market open with strong up move but unable to hold these level and resulted some profit booking but managed to hold 9600 mark.  Trend is still bullish but real strength above 9710 if cross convince.

Nifty Spot  :   Consider support 9550  and resistance 9650, crossover this range will move one side.

Nifty Future  :   Decent support 9580   - break below only weakness, resistance 9650 watch out.

Bank Nifty Future  :    Some selling saw and added open interest indicate higher level not easy task to cross 23450-23500 range, till remain below weakness continue towards 23000 and below more down side.
PSU Bank INDEX  :    Resistance at higher level continue.

NIFTY Pharma Index :    Trend is down but continue holding support level with consider 9300 and resistance  9700.

Long Side            :   Reliance, Shriram Finance, Bata, Tata Elexi,
Short Side            :  Just Dial, Tech Mahindra, and Pharma stocks

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