Market out look 11th Sept. 2017

Market out look  11^th Sept. 2017

 Time for Consolidation

And Trading Range Continue

Break out r break down range will move

One side   - till then wait and watch

Market out Look   :       Market are continue in trading range with positive bias, however, higher level resistance and selling pressure continue and waiting for final que so it will break out this range, sooner or later market will break this range, thereafter it will move one side.   Till then avoid any trade in Index and better to concentrate in individual stocks. 

Nifty  :   Consider support 9870-9880, resistance 9980-10050-10100 watch out.

Nifty future  : Sell on rally, consider resistance 9980-10000 mark and support  9900 watch out.

Bank Nifty Future :       Consider resistance 24400-24500 range and support 24100-24000. Lower level Highest Put hold 24000 so any sharp decline to support.  Major support 23800  below major fall towards 23000 mark.

Metal Index    :      Trend is positive and holding above 3600   looks positive bias but current structure indicate entered in overbought zone of front line stocks and ready for correction and reenter only.  Our best picks  Tata Steel, JSW Steel, Hindlaco and VEDL.

 Pharam Index     :     Resistance at 9000-9050 range and support 9700.    Problem continue in this sector by USA and etc.

OPEN INTEREST ANALYSIS :

Long side  :     Amarraja batter, Kazaria, OIL and Ashok Leyland

Short Side  :     M&M,  Dish TV, UPL, LIC Housing and many more.

 OI Spurt :

Amar Raja Batteries 918, M&M  1914 short side, LIC, short side 1313, AshokLeyland 3125 long side, sbi 2661 SHORT SIDE, hdfc Bank 3110 long side,  VEDL  profit book 624, Hindalco – long exit  4.98 lacs.

More details call

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