Market out look 5th
Sept. 2017
Geopolitical Concern Continue
Nifty Trading range 9700 to 10010
Market out Look : After decent
break out on Friday, due to geographical concern and Missle test by North Korea
resulted over all selling seen in the market and closed with a negative bias.
Now time to sell on rallies not buy on dip strategy. Any escalation between North Korea and USA big
jerk in the market likely.
Nifty : Selling seen at opening bell and whole the day negative bias. Now consider support 9850-9820-9800 whereas
the highest put options hold, resistance at 9988, till not cross and sustained above do not think any positive
side.
Nifty future : Sell on rally, consider resistance
9960-9970 range and support nearly 9850 9800 watch out.
Bank Nifty Future : Selling pressure continue at higher level
with consider support 24000 and 23850, resistance around 24500, crossover
towards 24700 24750 watch out.
Metal Index : Up move continue and decline to buy Metal stocks like JSW
Steel, Tata Steel, Hindalco, VEDl and many more.
Pharam Index : Buy on decline strategy likely with consider
support 8900 8800 range, resistance 9300
crossover only think more up side of all pharma stocks.
OPEN
INTEREST ANALYSIS :
Long side
: OIL, Reliance, Arvind, Tata
Elexi.
Short Side
: IOC, Cipla, REC, BPCL, ITC, LIC
and many more
OI
Spurt :
Tata Elexi – long side 574, IOC short side 2423, Reliance – Long side 5094,
Tata Motor - short side 2568, Axis
Bank short side 2384, Bharat Finance –
long side 755,
More
details call
9630466296-9203901698
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