Friday, August 4, 2017

Lower Top – Lower bottm formation

Lower Top – Lower bottm formation
Bearish signals…
More correction on card…?

Mrket Out Look   :       Market are continue in selling mode after RBI policy  and broad based sellingseen in Banking, Metal, Pharma stocks, however, stock specify movement continue in the market.  Over all short term trend is down and be prepare for more correction in near term.

Nifty Spot  :   Consider support   10000, break down lower level support 9950-9940 and 9910, resistance 10050-10100 watch out.  Higher level to sell side
Nifty Future  :     Only sell side………remain below 10100  bearish view continue in market
Bank Nifty Future  :   Break down support level 25000   on sell side, do not try to bottom fishing
PSU Bank INDEX  :     Sell on rise only.. 
Long side   :     Forts, Ambuja Cements, IOC, Colpal, Bata India, BPCL, Titan, HPCL, TCS.
Short Side :   Lupin, Union Bank, Can Bank, Jindal Steel, Syndicate Bank, India Cement, Dr Readdy Lab, Tata Motor, Bank of India, Bank of Baroda, ITC, ICICI Bank, LIC Housing, DLF, HDFC  ONG, KTK Bank
OI Spurt  in interms of Contract:
 Bata India 1238, IOC 4049, Lupin 1655, Coal India 2022 HPCL 1713, Reliance 3352, Ujjavain 510, Tata Motor 2207, ICICI 2178, Sun Pharma 2050, Wockhard – 836 .
More details call

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