Market out look daily 30th August 2017

Market out look daily 30^th  August 2017

    

  Market Ready for break down

Sell on Rallies – Avoid Buying.

Today Break  9775….?

Mrket Out Look   :      Due to geographical tension market turned down and almost wipe out more than 120 points and closed with a negative bias and seen broad based selling in all segment and there is no sector remain positive side.  Till Nifty not cross and closed above 9950 level sell on rise strategy and lower level target open towards 9500 and below in coming days.

Nifty Spot  :     Consider resistance 9850-9860, trading below 9775 selling pressure towards 9740-9710 likely, once trade and sustained below 9700 and stay big sell off in market likely.

Nifty Future  :        Sell on rise strategy with consider resistance  9850-9860 and support 9750 9710  

Bank Nifty Future  :       Holding above 23800-24000  time being continue but facing resistance at 24500.  Once break and trade below 23950 major sell off on the card towards 23700 23500 likely.

PSU Bank INDEX  :       Heavy sell off saw and consider resistance 3350 and support 3200 watch out.  SBI, Bank of Baroda, looks bearish and sell side.

Metal Index   :    Support at  3300-3320 break this range over all selling in Metal stocks.  Tata Steel looks major weakness and selling continue.

Long side   :      No stock visible in long side.

Short Side :        India Cement, Bank of Baroda,  State Bank of India, Reliance Capital and many more.

OI Spurt  in interms of Contract:

  DLF 3684, RELIANCE 1849, INDIA CEMENT 1310, RELIANCE CAPITAL 2266, RBL BANK 5043 SHORT COVERING, SBI 222, VEDL 360 TATA MOTOR 733

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Market out look daily 29th August 2017

Market out look daily 29^th  August 2017

    

 Market Ready for Break Out

Close Eye 9948-9950

Mrket Out Look   :     Market are good note and whole the day remain positive and mid of the day  positive news of Doklam resulted smart move and able to hold  9900 above.   Now time to more short covering likely  and any decline to buy side.

 Nifty Spot  :    Consider support 9880-9850 hold this level up move continue and resistance nearly 9950, once successfully crossover and stay above, smart short covering towards 10000 and 10050 likely.

Nifty Future  :        Consider support 9880-9870, resistance 9950-9960 watch out.   Above sharp move towards 10000 mark,

Bank Nifty Future  :       Holding above 23800-24000  time being continue but facing resistance at 24500, once successfully crossover towards 24750 25000 likely.  Over all trading range 24000 to 24500.

PSU Bank INDEX  :      After sharp decline some positive bias continue and almost successfully trading above 3300   more up side.  PNB, Bank of Baroda, SBI looks good and down side limited.

Metal Index   :      Support continue hold 3327-3300 range and resistance 3450 watch out.

Long side   :      Nestle, Colpal, Dabur, Voltas, DCB, Reliance Capital.

Short Side :       HCL Tech, TCS, GAIL, Dr. Readdy lab.

OI Spurt  in interms of Contract:

 LT FH   long side 1.21 lacs, Reliance Capital long side 3.22, DHFL   31.33 short covering, Reliance 9.13 lacs long exit, SBI    short covering 55 lacs, Axis Bank, short covering 28.91, Yes Bank 4.76 short covering.

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Market out look daily 28th August 2017

Market out look daily 28th  August 2017           Market are Consolidation Range Ready for Break out in either side Thereafter 150-200 points move. Mrket Out Look   :    Market open with a good note and smart gained saw in a trading time but closed with a positive bias with a small gained.  Overall trend is bullish but more confirmation once it will trade and sustained above 9950 . On Thursday, heavy buying saw in Pharama  segment due to short covering and some smart money chasing due to available against 30 PE to 12 PE.   Now time to wait and watch first 30 minutes trade and decide your trading strategy. Nifty Spot  :    Over all in  trading range and we may consider support 9800-9810 trading below some weakness towards 9750-9710 cannot be ruled out, higher level resistance continue 9900-9950 thereafter big short covering towards 10150 likely. Nifty Future  :        Consider support 9850-9840 and far support 9800 9810 range, any dip to buy side and further wait for break out in trading range. Bank Nifty Future  :       Holding above 23800-24000  time being continue but facing resistance at 24500, once successfully crossover towards 24750 25000 likely.  Over all trading range 24000 to 24500. PSU Bank INDEX  :       Some smart buying saw in PSU Bank with consider support 3200 and holding above 3300 indicate positive bias towards 3400   mark.  As week of expiry so short covering in front like stocks like, SBI, PNB, BOB, Can Bank, Union Bank and OBC likely.    Metal Index   :      Support continue hold 3327-3300 range and any dip to good opportunity to long  specially front like stocks like, JSW Steel, Tata Steel and Hindalco.  In VEDL  looks some selling pressure so time being avoid. Long side   :       Kazaria  Ceramics, PidLite, Aurpharma, Axis Bak, Grasim. Short Side :       Indigo, Bajaj Auto. OI Spurt  in interms of Contract: Divis Lab  - Short Covering, Aur Pharma 3.25 long added, Reliance 29500 long exit, VEDL 3.71 profit booking, Axis Bank, 15.85 profit booking, Tisco. 7.36 short covering, Rel Capital Short capital, Lupin – Short covering  6.64 lacs, Tata Motor 14.28 short covering, Sun Pharma – short covering. More details call 9630466296

Market out look

Market out look

 24^th  August 2017

    Pull Back Rally

Nifty Hold 9800  - Short term positive bias

Do not aggressive long side

Mrket Out Look   :   After short term consolidation in market, finally decisively crossover and closed above 9830 and closed above 9850.  However, this is a pull back rally and likely more extension as long as hold 9800 towards 9950 in short term.  As  long these level hold, buy on dip strategy followed and rise to sell side.

Nifty Spot  :       Short term trend is up and holding above 9800 time being good and any decline to buy side, resistance 9880 crossover it will move towards 9945   9950.

Nifty Future  :         Buy on decline wit consider support 9850—9830 range and buy side, for target 9950

Bank Nifty Future  :      Finally holding 23800 and closed above 24300 mark which indicate short term trend have been changed, however, major supply zone ahead which is 24450-24500, decisively crossover it move towards 24750.  Down side break 24250  selling pressure

PSU Bank INDEX  :        Selling pressure likely continue with consider support 3200  and resistance 3300 range.

Metal Index   :    Decent support 3300-3330 watch out, above 3400 more up side.

Long side   :      DHFL,  Bharat Finance, Bajaj Finance, IBUL Housing, M&M Finance, Tisco, lIndus Bank, Bharat Forge.

Short Side :       Cadil Health Care,  Macdowell, M&M.

OI Spurt  in interms of Contract:

Bank of Baroda 1633 short side, Bharat Finance 1594 long side, DHFL 1374 long side, DLF 2126 short covering, ICICI Bank 993 short covering, PNB 1500  short covering, Reliance 822 short covering, VEDL 793 short covering, Axis 452 short covering.

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Trading range of Nifty

Trading range of Nifty

9700-9680  to 9850-9830

Break out this range  ready for big move

In either side.

Mrket Out Look   :        Market are continue in trading range, however, some support saw at lower level and almost closed with a positive bias but trend is still remain down. Now time to wait Nifty break out in either side, thereafter  trade.  Till then low volume advised.

Nifty Spot  :       Trend is down with consider support 9680-9700 range and resistance nearly 9830.   Sell on Rally and buy on weakness is a best strategy.

Nifty Future  :         Consider resistance 9800-9830 Reversal to sell side, decent support 9750 watch out on screen.

Bank Nifty Future  :      Bank Nifty are continue in bearish mode and trading below 5 and 10 DMA confirmation of  weakness which is established at 24171 and 24262 till not cross these level do not think any positive bias, at lower level 23800 is a good support, break and stay below be prepare for deeper correction towards 23500-23000 mark easily.

PSUBank INDEX  :        Selling pressure likely continue with consider support 3200  and resistance 3300 range.

Metal Index   :    Higher level selling continue and short term support established at 3325 and it should be not break otherwise over all selling can not be ruled out.

Long side   :    Bata India, Tech Mahindra, DHFL, Apolo Hospital  

Short Side :     Mother sum, Reliance Capital and DLF.

OI Spurt  in interms of Contract:

 DLF 2127  Short side,  Century Textile  920 short side, HPCL 1257 short covering, Vedanta 856  long exit.  Infosys 1312 short side, Fortis Health Care 1252  short covering. HDFC 264  long side, ICICI Bank 468 short covering ITC 1317 short covering SBI 22.80 short side. Reliance Capital 413 short side.

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Pull Back unable to Sustained

Pull Back unable to Sustained

Now near support 9680-9700

Break Below  - real panic in street

Mrket Out Look   :       On Monday market open with good note but unable to hold initial gained as well as Bank Nifty and finally wipe our all gained and closed with negative bias .   Over all trading range continue 9700 to 9950 and sinner or later it will break  out this range, thereafter get decent opportunity in market.  Till Nifty not cross and closed above 10136 down side open towards 9500-9000 mark.  Closed above, view will be negated.

Nifty Spot  :       Trend is down with consider support 9680-9700 range and Tuesday trade should be watch out how bulls and bears will manage the same.  On the higher side 9850 is a good resistance.

Nifty Future  :         Sell on rise strategy with consider resistance 9810-9830 and support nearly 9700-9710.

Bank Nifty Future  :      Bank Nifty are continue facing resistance 24400-24500 range and finally it has break down short term support and near to major support 23800 which is last leg of this rally, break this be prepare for deeper correction towards 23000  + in short term.

PSU Bank INDEX  :       Selling pressure continue, and more selling pressure will be emerged once it will break and trade below 3200 mark,  Resistance observed at higher side 3350.  SBI, Bank of Baroda, PNB, Union Bank, Bank of India looks sell side.

Metal Index   :   Unable to hold 1.25 early gained and finally wipe out and closed below 3400 mark.  Time to sell side, VEDL, Tata Steel, Hindalco, JSW Steel.

Long side   :     Mannapuram Finance M&M, PC Jewellers, Axis Bank and Century Textile.

Short Side :    Amara Raja Battery, Excide, OIL and many more.

OI Spurt  in interms of Contract:

 ICICI Bank -  short side 102 ,  Amara raja   188 short side, IOCV 419 profit booking, Hindalco 389 long exit, Tisco,  466 long exit, Infosys 29000 short side, Reliance 1049  long exit, PNB 1007 short side, Axis 1136 long side.

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Market likely pull back

Market likely pull back

Towards 9940-9950 after Hammering

But cautious approach at every higher levels

Mrket Out Look   :      On Friday market tanked almost 100 points due to global que and Infosys  but due to short covering and fresh buying emerged and able to closed near to opening level which indicate lower level short term support established and Monday likely pull back rally .  However, consolidation in trading range continue in market .  

Nifty Spot  :        After tested Friday low 9783 smart pull back saw and closed  near to opening level.  Time being we may consider Friday low is a support level and holding these level up side towards 9880-9000-9940-9950 cannot be ruled out, on the lower side, break support level 9775 nonstop target 9700-9710 likely.  In Future Segment Highest put hold 9800 i.e. 59.31 lacs followed by 9900 31.22 lacs and Highest call 10000 strike price  - 60.60 lacs. So trading range visible 9800 to 10000 in August series.  

Nifty Future  :          Consider support 9790-9800 and resistance 9900 thereafter 9950 watch out.

Bank Nifty Future  :     Last two trading sessions, heavy sell off saw  in 24500 level and simultaneously support visible around 23900-24000.   Higher level to sell side with consider major support 23800-23850 range and it should not break.

PSU Bank INDEX  :        Trading range continue, but SBI and BOB looks good and more short covering in coming days.

Long side   :     PC Jewellers, ACC, TCS, HUL  

Short Side :    Infosys, Zee, Reliance Infra

OI Spurt  in interms of Contract:

Infosys   :        More then 25 crores volume saw in Infosys and added heavy open interest by way of  1.54 crore shares which is short side which indicate more downside in coming days and likely it will take support 800-820 range whereas to best buy.

  Infoysys 70000 short side, Bharat Finance 952 long side, Yes Bank 1358 short side, SBI  902 short covering, Tata Steel 563 short covering, VEDL 488 Long unwinding, Bank of Baroda 102 short covering , Reliance 320 short covering.

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Major Resistance Nifty

Major Resistance Nifty

9940-9950 crossover No Open Short

Major support 9850 break down .. selling opportunity

Mrket Out Look   :       Market are consolidation range and support at lower levels and resistance at higher side.   Over all trend is sideways and any break out in either side,  we will see major up move in 100 to 150 points.    Banking stocks looks good and buy on decline,  FMCG are looking good and buy side,   Pharma stocks to avoid.  Metal stocks buy on decline strategy.

Nifty Spot  :       Trading range 9850-9950  weakness to buy side and  resistance to sell side.   Above 9950  very hot and move towards 10000-10046 and above.

Nifty Future  :         Consider support 9870 break and trade below looks selling opportunity, higher level resistance 9950-9955 thereafter major short covering in the market.

Bank Nifty Future  :     Higher level major sell off saw at higher level 24500 which is consider resistance level,  lower level support 23800-24000  holding these level , big movement in coming days can not be ruled out.

PSU Bank INDEX  :       Trend is again side ways with consider resistance 3400 and support 3200-3250 watch out.   Over all oversold and ready to move due to short covering.

Long side   :     Hexaware, HDFC   

Short Side :    Apollo Hospital, Power Grid, Reliance, Aurbindo Pharma, ICICI Bank, TCS, LT, Arvind Mills and many more

OI Spurt  in interms of Contract:

 BEML 1716 long side, HDFC   2510 long side, Reliance 3852 Heavy short saw,  Vedal  871 long side, Yes Bank 1468 short side, Tata Motor 1412 short side, Bank of Baroda 314 short covering.  Aurbindo Pharma 947 short side, Sun Pharma 875 short covering.

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Any Rise to Sell and Exit

Any Rise to Sell and Exit

Trend Reversal Above 10136

 More up side and cautious aapproach

At higher level.

Mrket Out Look   :     Last two trading sessions, strong short covering seen resulted up move and almost closed with a decent gained of more than 100 points.   Short term more up side and holding above 9850  and Bank Nifty 24300   more up side in the market. Time being fresh short avoid and play with market trend.

Nif ty Spot  :       Support nearly 9851-9810  and resistance 9945-9950 watch out, closed above 9950 first sign of trend reversal and recent low have been bottom for the time being.

Nifty Future  :     Consider support  9850-9860 whereas to a good support and buying opportunity, resistance 9940-9950 watch out.

Bank Nifty Future  :     Finally broken resistance level 24300 and closed above indicate some more up side in coming days with consider support 24310 and near term resistance 24700-24650 watch out.

PSU Bank INDEX  :      Yesterday low a very crucial of PSU Index and Psu Banking stocks like, SBI, Can Bank, Bank of Baroda, PNB, Union Bank, OBC and man more.   Close eye yesterday low, if not break short covering likely.

Long side   :     Hero Motor, Ashok Leyland, VEDL, Bank of Baroda, HDFC, LIC and ITC

Short Side :    Havells, LT, Reliance, Yes Bank and Bio con.

OI Spurt  in interms of Contract:

 Biocon 1688 short side, Ashok Leyland 1283 long side, YES BANK 2284 short side, SBI 1354 long saw, Tata Motor 1074, short covering, PNB 1457 short covering, ITC 1353 short covering, Bank of Bank 964 long side, ICICI Bank 863 long side, Hindalco 538 long side, Petronet LNG 21  short covering and many more.

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Nifty Taken Support 9775

Break these level – major panic on card

Otherwise  ………….?

Mrket Out Look   :   Market are continue in selling mode and intra day panic selling saw in market and resulted sharp decline and some smart move on intra  day, however closed with a negative bias.  Short term trend is down and time being fresh long avoid and rise to sell side.

Nifty Spot  :   Consider resistance 9830-9850  crossover only it will show strength, down side support around  yesterday low 9775 and break these level down side target 9725-9700, thereafter big fall in market can not be ruled out.

Nifty Future  :     Higher level resistance continue 9850-9860 reversal to sell side.

Bank Nifty Future  :    Consider resistance 24450-24500  and support 24180, break this level more down side towards 24000. SBI result likely a big role play.

PSU Bank INDEX  :     Resistance at higher level 3500-3510, down side support 3400  break down real panic will be start.

Long side   :     Britiana Ind. Pidlite, TCS, Hindalco.

Short Side :    Aurbindo pharma, PFC, BHEL, Sun Pharma, Tata Motor, Dr. Readdy Lab, Bank of Baroda

Short Covering  :    LT, ITC, Canfin Home, Infosys.

OI Spurt  in interms of Contract:

 MothersonSumi 384, Tata Motor 6265 (short side) Bhel 1337 (short side), Sun Pharma 2671 short side, SBI – 671, HDFC – 243, DLF – 2228 Long exit, Dr Readdy Lab 1317  fresh short.

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MARKET UP DATED

MARKET UP DATED

As mentioned yesterday and today market turned

time being bearish and do not try to bottom  fishing or any long call except heding strategy.

More down side likely in coming days.........

market up dated

MARKET UP DATED 10-Aug

market are over sold zone
and possible intra day some recovery
any rise to sell side, buy only intra day andclosed
position end orf the day.

Bank Nifty   :  high volatility expected due to weekly expiry, however hold 24200 in future intra day  short covering likely.....

Nifty  consider suppor 9800 9820  around
these level no short sell and some support likely.

Trading consider rresult stock
and take advantage with either side..
with strict stop loss
and heding....
3mteam Research

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CORRECTION CONTINUE IN MARKET

CORRECTION CONTINUE IN MARKET 10-Aug

 

DO NOT TRY TO BOTTOM FISHING

Market out Look  for 10^th August 2017

As expected  after sharp rise and geopolitical tension market are in correcting mode and looks that more down side in coming days. On Wednesday , over all broad based selling were saw in market and perhaps no segment save this falling market. Over all trend is short turned into bearish mode and more selling pressure in coming days.   Do not  fresh long any thing and any should be keep strict stop loss and save your financial health.

Nifty Spot :

As we are continuing mentioned that market likely in top out time being and it was closed below 10000 mark and 9950 , as long as trading below these level, weakness continue towards 9800 and break these level non stop target 9755 thereafter 9646 possible.   Trend will be change only above 10100 if closed successfully with added open interest.

Nifty Future :

Over all trend is bearish and any rise intra day to selling opportunity. Consider intra day resistance 9940-9950 whereas to selling opportunity, down side break and trade below 9900 selling pressure will be accelerated.

Bank Nifty future :

As mentioned earlier, 25000 have been top established and likely it will not cross easily in coming days and Wednesday closed with a negative bias with a loss of more than 200 points.  We are continuing mentioned this column Bank Nifty likely correct 8 to 15 percent in coming days.  Now last support of this leg 24200024220, break these level with volume  sharp fall towards 23500 +.  Trend Reversal only above 25260.

Open Interest Analysis

Long side :  Page Industries, Havells, Bank of India, titan and Reliance Capital.

Short Covering  :   HDIL and Kotak Bank

Long Exit  : MGL and KPIT

Shortside :  Long list ………..Cadila Health Care, Aurbindo Pharma, Tata Motor, Ajanta Pharma SRF, and Cipla

Aubindo Pharma :  Before result heavy short have been established and almost  15 lacs shares added along with major OI added in 700 and 680 put along with unwinding call of 720 740 which are indicate free fall likely.  

Tata Motors :  Result out which is not upto the market and likely price will be fall once market open.  So time being do not buy and once break 415 lower level target 400   395. Trend will be change above 430 only.

GAIL  :   Before result Long unwinding seen by way of 3.42 lac shares, Higher level to sell side.

Bharat Forge : Result will announced on 10^th august and before that long exit and fresh short seen.  So only sell side.

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Lower Top – Lower Bottom

Lower Top – Lower Bottom

Formation……

Banking Stocks – Sell on Rise

Big down side in coming days.

Mrket Out Look   :         Tuesday market was very poor market and market closed with a negative bias due to  profit booking and SEBI letter of Shell companies.    Over all higher level to sell side specially in bank Nifty.  Fresh long should be avoid  and stock specify movement in market continue.

Nifty Spot  :   Consider resistance 10000  and remain below 9950 thereafter over all selling towards 9920-9900 and 9850. 

Nifty Future  :     Sell on rise continue with consider resistance 10150 and support  9950-9911.

Bank Nifty Future  :   Strong resistance 24900-25000 and remain below selling continue, once break 24500  more selling towards 24100-24000.   10 to 15% correction likely in coming days.  

PSU Bank INDEX  :     Trading range 3500 to 3620  ..  higher level to sell side. x

Long side   :     MRPL, Muthooth Finance, Hindalco, MGL, Cipla, Tata Steel, NMDC, Century Textile, Aur. Pharma, GAIL

Short Side :   Infra Tel, DCB Bank, Sintex, Jindal Steel, Dr Readdy Lab, DLF, LIC, Tata Motor, OBC, ITC Bank of India, Union Bank

Short Covering  :  VEDL, Hindalco, Hexaware, JSW Steel.

OI Spurt  in interms of Contract:

Jindal Steel 2925, Century Textile 1558, Axis Bank 1810, Tata Motor 3102, Hindalco 2253, Cipla 1154, Yes Bank 1292, SBI 1082, ICICI Bank 1730.

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