Thursday, August 3, 2017

Avoid Trading in Index

Avoid Trading in Index
Break Yeserday Low – More Correction
First 30 minutes wait and watch.

Mrket Out Look   :       As expected RBI policy and not reduced 0.50 rate cut result over all selling in the market in Bank Nifty and resulted over all market closed with negative bias.  Now short term trend is down, however, long trend is up, time to buy only stock specify .
Nifty Spot  :   Consider support   10050, decisively trading below down side towards 10000 and below more towards 9950  + Resistance at higher level 10130-10150 continue.
Nifty Future  :     Time to sell on rise as long as remain below 10150 for target 10000 and below.  Above 10150 trend reversal likely.  

Bank Nifty Future  :   Heavy selling seen after RBI Policy, time being avoid trading in Index and stock specify movement. PNB, Canara Bank, Syndicate Bank, Union Banks looks selling opportunity
PSU Bank INDEX  :     Broken support level, time being avoid trading in index, however locate selling opportunity of  PSU Banks.
Long side   :     Ceat Ltd, Titan, Apollo Tyres, Voltas.
Short Side :  Godrej CP, Infibeam, Union Bank, Wock Hard Pharma, BHEL, Bank of India Syndicate Bank, Canara Bank.
OI Spurt  in interms of Contract:
Wockhard 2437, Ceat 917, Voltas 949, Titan 522, PNB 2165, Union Bank 765, Hindalco 1194, Lupin Lab 23154 SBI 524, Tata Motor 1287, Sun Pharma 1967, ICICI Bank 1043.
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