Nifty Taken Support 9775

Break these level – major panic on card

Otherwise  ………….?

Mrket Out Look   :   Market are continue in selling mode and intra day panic selling saw in market and resulted sharp decline and some smart move on intra  day, however closed with a negative bias.  Short term trend is down and time being fresh long avoid and rise to sell side.

Nifty Spot  :   Consider resistance 9830-9850  crossover only it will show strength, down side support around  yesterday low 9775 and break these level down side target 9725-9700, thereafter big fall in market can not be ruled out.

Nifty Future  :     Higher level resistance continue 9850-9860 reversal to sell side.

Bank Nifty Future  :    Consider resistance 24450-24500  and support 24180, break this level more down side towards 24000. SBI result likely a big role play.

PSU Bank INDEX  :     Resistance at higher level 3500-3510, down side support 3400  break down real panic will be start.

Long side   :     Britiana Ind. Pidlite, TCS, Hindalco.

Short Side :    Aurbindo pharma, PFC, BHEL, Sun Pharma, Tata Motor, Dr. Readdy Lab, Bank of Baroda

Short Covering  :    LT, ITC, Canfin Home, Infosys.

OI Spurt  in interms of Contract:

 MothersonSumi 384, Tata Motor 6265 (short side) Bhel 1337 (short side), Sun Pharma 2671 short side, SBI – 671, HDFC – 243, DLF – 2228 Long exit, Dr Readdy Lab 1317  fresh short.

More details call

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