Bank Nifty – Fresh Break out
Nifty - Ready to Break out
Mrket Out Look : Bulls are finally hold the market and maket able to closed with decent gained. Now market ready for more up side . Technical ready for upside, but some more triggered reqired to fulfilled rally. Strategy – Buy on decline. As long as hold 9600 Nifty.
Nifty Spot : Consider support 9650-9610, resistance 9712, stay above more up side
Nifty Future : Intra day decline to buy side
Bank Nifty Future : Finally break down trading range and closed above 23450. Looks to long side with stop loss…………..for up side target 23750-23800
PSU Bank INDEX : As mentioned earlier highly over sold so corrective rally in PSU Banks and looks follow up buying continue in coming days. Buy Front line stocks like SBI, Can Bank, PNB, Bank of Baroda and Indian Bank.
NIFTY Pharma Index : Trend is down but continue holding support level with consider 9300 and resistance 9700.
Long Side : Mannpuram, idfc, pnb, Indian Bank.
Short Side : Page Ind, Ajanta Pharma, Unitech,
Long Exit ; Hexaware, Reliance Capital, SAIL, LIC
OI SPURT :
Mannapuram 1365, HDIL 1741, IDFC Bank 2725, PNB 2360, RBL Bank 1006, Sunpharma 1833, Reliance 1260, Bank Nifty 149395, Nifty 52000, ICICI Bank 1051, Lupin 242 DLF 900.
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