Pull Back unable to Sustained
Now near support 9680-9700
Break Below - real panic in
street
Mrket Out Look :
On Monday market open with good note but
unable to hold initial gained as well as Bank Nifty and finally wipe our all
gained and closed with negative bias .
Over all trading range continue 9700 to 9950 and sinner or later it will
break out this range, thereafter get
decent opportunity in market. Till Nifty
not cross and closed above 10136 down side open towards 9500-9000 mark. Closed above, view will be negated.
Nifty Spot :
Trend
is down with consider support 9680-9700 range and Tuesday trade should be watch
out how bulls and bears will manage the same.
On the higher side 9850 is a good resistance.
Nifty Future : Sell on rise strategy with consider resistance
9810-9830 and support nearly 9700-9710.
Bank Nifty Future :
Bank
Nifty are continue facing resistance 24400-24500 range and finally it has break
down short term support and near to major support 23800 which is last leg of
this rally, break this be prepare for deeper correction towards 23000 + in short term.
PSU Bank INDEX :
Selling pressure continue, and more selling
pressure will be emerged once it will break and trade below 3200 mark,
Resistance observed at higher side 3350. SBI, Bank of Baroda, PNB,
Union Bank, Bank of
India looks sell side.
Metal Index : Unable to hold 1.25 early gained and finally
wipe out and closed below 3400 mark. Time
to sell side, VEDL, Tata Steel, Hindalco, JSW Steel.
Long side :
Mannapuram Finance M&M, PC Jewellers,
Axis Bank and Century Textile.
Short Side : Amara Raja Battery, Excide, OIL and
many more.
OI Spurt in interms of
Contract:
ICICI Bank - short side 102 , Amara raja
188 short side, IOCV 419 profit booking, Hindalco 389 long exit,
Tisco, 466 long exit, Infosys 29000
short side, Reliance 1049 long exit, PNB
1007 short side, Axis 1136 long side.
More
details call
9630466296
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