Market out look daily 29th August 2017

Market out look daily 29^th  August 2017

    

 Market Ready for Break Out

Close Eye 9948-9950

Mrket Out Look   :     Market are good note and whole the day remain positive and mid of the day  positive news of Doklam resulted smart move and able to hold  9900 above.   Now time to more short covering likely  and any decline to buy side.

 Nifty Spot  :    Consider support 9880-9850 hold this level up move continue and resistance nearly 9950, once successfully crossover and stay above, smart short covering towards 10000 and 10050 likely.

Nifty Future  :        Consider support 9880-9870, resistance 9950-9960 watch out.   Above sharp move towards 10000 mark,

Bank Nifty Future  :       Holding above 23800-24000  time being continue but facing resistance at 24500, once successfully crossover towards 24750 25000 likely.  Over all trading range 24000 to 24500.

PSU Bank INDEX  :      After sharp decline some positive bias continue and almost successfully trading above 3300   more up side.  PNB, Bank of Baroda, SBI looks good and down side limited.

Metal Index   :      Support continue hold 3327-3300 range and resistance 3450 watch out.

Long side   :      Nestle, Colpal, Dabur, Voltas, DCB, Reliance Capital.

Short Side :       HCL Tech, TCS, GAIL, Dr. Readdy lab.

OI Spurt  in interms of Contract:

 LT FH   long side 1.21 lacs, Reliance Capital long side 3.22, DHFL   31.33 short covering, Reliance 9.13 lacs long exit, SBI    short covering 55 lacs, Axis Bank, short covering 28.91, Yes Bank 4.76 short covering.

More details call

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