Wednesday, August 2, 2017

Today Trend Decider

Today Trend Decider
RBI Policy. 

Mrket Out Look   :      Market are strong bullish note and intra day some small correction strong buying force emerged in the market and almost closed with a days high which indicate market are full control of bulls and do not want to give any liberty to bear group.  At that level, gains and correction and it should be accepted without any emotions.
Nifty Spot  :   Consider support   10100-10110, resistance at  10130, crossover it will move towards 10166-10196-10214 likely.
Nifty Future  :     Decent support  10100-10080 range, holding above 10150, big move towards 10250-10300 marks.  
Bank Nifty Future  :   Up move continue and today trading above 25250  up side towards 25400 25500 can ot be ruled out.
PSU bank INDEX  :     Consider support  3600  and resistance 3750 watch out in coming days.
Long side   :     HDFC Ltd – 200 points move without any pause. Indigo , Bank of India (Short covering), Reliance Capital, Canara Bank, Ashok Leyland, IRB, Jet Airways.
Short Side : LT , LIC Housing, India Cement, ICICI Bank and Biocon
OI Spurt  :
Marico  966,  Tech Mahindra 4619, Voltas 850, PNB 3816, Lupin 3382, HIndalco 1432, JSW Steel 1515, SBI 1681, Tata Motor 1312, SRT Finance – 223, PC Jewellers 747.

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