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.
More
details call
9630466296
No comments:
Post a Comment