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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