Thursday, September 7, 2017

Market out look 7th Sept. 2017

Market out look  7th Sept. 2017


Nifty Major Resistance 10000-10020
Trend reversal above level.

Market out Look   :      Due to geographical tensions market open with down side gap, however able to hold 9900 mark and closed above that level.    Trend is still negative bias till the picture clear and any rise to selling opportunity.  However, market are trading range continue.
Nifty  :   Consider support 9870-9880, resistance 9950-9980 … reversal to sell side.
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.
Metal Index    :      Trend is positive, with consider support  3540-3500 range and resistance 3600, crossover decent move.
 Pharam Index     :     Resistance at 9000-9050 range and support nearly 9850 9800 watch out.
OPEN INTEREST ANALYSIS :
Long side  :     Reliance, Equitus, `Repco Home Finance, Muth. Finance, ustdial, Kotak Bank and Ujjaivan
Short Side  :   PNB, LIC, Cadila, Union Bank, Axis Bank, ITC and Can Bank

 OI Spurt :
Equitius 745,  PNB short side 1958,  Reliance long side 5955, ITC short side 2358, DHFL long  side 1290,  Yes Bank long side 1540, Kotak Bank – long side 506,  Tata Motor 1425, ICICI Bank  1247, LIC short side 846

More details call
9630466296-9203901698

No comments:

Post a Comment