Wednesday, September 6, 2017

Market out look 6th Sept. 2017

Geopolitical Concern Continue
Nifty Major Resistance 10000-10020

Market out Look   :     Market was open with good note and whole the day remain positive and almost able to closed above 99900 mark.  Strong buying seen in  Housing Sector,  Jewellery and etc.  Marketing still in trading range and break out this range will move faster.
Nifty  :   Consider support 9900-9910  resistance nearly 9980-10020, reversal to sell side.
Nifty future  : Sell on rally, consider resistance 9980-10000 mark and support 9930  below more selling towards 9900-9850.
Bank Nifty Future :       Consider trading range 24000  and resistance 24400-24500 range, break out this range will move faster.  
Metal Index    :      Trend is positive, with consider support  3540-3500 range and resistance 3600, crossover decent move.
 Pharam Index     :    Buy on decline strategy likely with consider support  8900 8800 . Consider front line stocks  like, Sun Pharma, Dr . Readdy lab, Lupin and many more .
OPEN INTEREST ANALYSIS :
Long side  :    Ramco Cement, V Guard, Hexaware, L&T Housing, Titan , DHFL .
Short Side  :  Bajaj Finance, Wiupro, Tata DVR,  LT
Short  Covering : CAPF, Coal India, STAR and Petronet.
 OI Spurt :
V Guard   long side 450, Reliance Capital – Long side 5862, Titan long side 759,  DLF Long side 2894,  DHFL 2894 long side, Reliiance 2223 long side, India Cement 590  long side, IBUL 214 long side and many more.

More details call
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