Market are volatile…
Mrket Out Look :
Market are in wide range with high volatility,
after decline, Friday again buying seen due to excellent result delivery by
some Nifty based companies and due to short covering in the market. Now we may consider time being support at
lower level 9980-10000 mark till hold buy on dip strategy and at resistance
level to selling opportunity with tight stop loss.
Nifty Spot :
Consider support 10000 and resistance 10075 crossover and stay above move towards
10100-10130 can not be ruled out.
Nifty Future : Consider support 10050 and resistance in
near term around 10150. Sharp dip to buy side.
Bank Nifty Future :
Strong recovery seen at lower level, time being support 24500-24600
range and resistance 24900-25000 watch out, above 25000 more short covering likely.
PSU Bank INDEX :
Resistance at higher level 3650 and support nearly 3550-3510 level to be
watch out.
Long side :
Titan, India Bull Real Estate, Ujjaivan, Jet
Airwas, Muthooth Finance, Tata Steel, Century Textile
Short Side : Dr Readdy Lab, Chennai Petro, Bioco, HDIL and
Chenai Petrol, KPIT, Sun Pharma, Amararaja Battery and Ceat Ltd
OI Spurt in interms of
Contract:
Titan 2229, IBREAL 1399, Ujjavain 2364, HDIL
1790, Dr Readdy 3615, HPCL 2156, Tata
Steel 1197, Reliance 2346, Sun Pharma
2373, India Cement 1205. PNB – 320 and
many more.
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